Home Sales In Salt Lake Looking Up !

Salt Lake Homes Sales Look Up As Home Buyers Confident!!

Americans are feeling better about their budgets right now, raising the possibility of a full economic recovery.

In Salt Lake, Home Sales looks a little healthier. Traffic around the New Home sales models particularly in South Jordan @ Daybreak and the Condominiums in Murray UT anchored by TRAX, are busy as can be. The first time home buyer incentives coupled with the new home tax credit has made Utah home buyers hopeful consumers.

According to a University of Michigan and Reuters, Consumer Sentiment rose for the fifth straight month in June.

Consumer Sentiment is now at its highest levels since September 2008, the month in which Lehman Brothers failed, Fannie Mae and Freddie Mac were nationalized, and the global financial crisis is believed to have peaked.

Rising confidence levels are important to the economy -- and to housing --because a confident consumer is more likely to make the big-ticket purchases that propel the economy forward.

This includes buying new homes.

That said, the Consumer Sentiment Survey has its flaws.

For one, the surveys sample set includes just 500 families. This is hardly a cross-section of America. Secondly, when people feel better about their finances, it doesn't always lead to additional consumer spending -- it could lead to more saving.

What people say they'll do and what they actually do can be two very different things, but if consumer spending does increase in the months ahead, expect home sales to benefit on the willingness of families to "take more chances" and expect mortgage rates to suffer on concerns for inflation.

To stay current with whats happening in Real Estate around SLC and to view the thousands of Salt Lake homes listed for sale, stop by our website @ Salt Lake Real Estate . Visit our blog, check out MLS Listings and look for timely information regarding your home purchase or sale.

Or, you can call us @ 801-567-0946 and talk about why we think Salt Lake Homes Sales are looking up.

Published Tuesday, June 16, 2009 4:01 PM by Corie Seymour