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Are we in a Real Estate bubble?
No, our conditions are different this time around.
Our current market prices are being driven due to a low inventory of homes for sale. New home build has slowed and more people are moving in to Utah rather than exiting.
Utah is one of the top ranked state in the nation for businesses. Money Magazine recently named 4 of our cities in their Top 100 Cities to live in the nation. We're experiencing a 28k net migration to Utah, and anticipate 40k in new jobs.
With a strong local economy, we anticipate to continue to have a healthy real estate market for the foreseeable future.
The best time to buy is now before prices rise further.