One of the most important elements of investing is a strong history of steady performance in any investment you are considering. With that in mind, please consider the following about the State of Utah. It was ranked as the number one state for business six years in a row by Forbes Magazine. Between 2010 and 2016 it was considered to be the best state as far as business growth, business regulation, taxes, etc. That is an incredible accomplishment. Now, you’d expect with the ebb and flow of different economies that Utah would start to slide, but it really hasn’t lost its swagger. Utah did dip all the way down to third place in 2017, but not to worry, it’s back up to number two in 2018 on the Forbes list. After such a long stay at the top, to remain right near the top says a lot about the stability of Utah’s overall economic structure.
This incredible business growth and stability in Utah indicates a growing economy. It indicates that people are moving to the area. It also means that the real estate market has seen higher demand in the last couple of years. Currently, there’s been a slight slowdown, but the market is steady, and with the current growth trends, it is a prime market for both people looking to buy or people looking to sell if they invested in property a few years ago.
Real estate can be the safest place for your money if you can find a market that is firing on all cylinders. With Utah having two of the fastest growing cities in the country, as well as seeing growth in almost all of its counties in last year, you can be all but certain that buying land or a home will see gains in the coming years.
By working with an experienced Realtor in whatever region you are interested in, whether a small market like Cedar City or a big market like Salt Lake City, you will ensure you make good decisions and have all of the information you need to buy. Utah has a very diverse market, so using a local agent is the surest way to avoid making investment mistakes. Quite often the slowdown of winter creates unique buying opportunities in Utah, so it’s the perfect time to get informed by contacting an agent to see which listings may make the perfect addition to your portfolio.