Utah Leads in Home Price Gain

An recent article in the Salt Lake Tribune is reporting that Utah leads the country in home price gains for the 5th straight quarter. A report released by the Office of Federal Housing Enterprise Oversight is reporting that Utah had a 9.27%gain from the 4th quarter of 2006 to the 4th quarter of 2007. Other parts of the country are not doing as well with California reporting the worst numbers. California reported a statewide decline of 6.65% from a year earlier.

Hopefully, this will be encouraging news for those considering a purchase in Park City or Deer Valley. Our states overall economy is still thriving!