Posted by
boomerang on Apr 8, 2013 in
Utah Economy,
Utah Real Estate |
Comments Off on Current Market Conditions
Based on recent information, the average U.S. residential home prices have increased approximately 8.1 percent over the past 12 months.
Driven by a combination of persistently low mortgage rates, moderately improved unemployment rates, and a reported scarcity of supply, the increased demand for the average residential home is pushing prices upward. Additionally, family formation rates...