The current real estate market around the country has been hit pretty hard by the recession. In fact many are predicting that it still has yet to hit bottom and home prices may continue to drop. All though times are tough the real estate market in Salt Lake City is showing many signs of beginning to stabilize. Although many homes in Salt Lake City are not valued as they were 2 years ago, some areas have begun to see home sales increase. Many experts believe Utah is on track to recover quite quickly compared to many other states.

• Forbes Magazine rates Utah the #1 Best State for Business & Careers as well as #1 Most Fiscally Fit State
• ALEC rates Utah #1 for Expected Economic Recovery and Outlook
• Kauffman Foundation rates Utah #1 Economic Dynamism
• Governing Magazine awarded Utah “Best Managed State”
• U.S. Department of Commerce said that Utah has had the Biggest Increase in Exports (29% since April 2009)
• Salt Lake City is currently undergoing major construction building office space as well as condos in the middle of temple square while the rest of the country has seen construction come to a screeching halt. While the national real estate market may be on shaky legs the salt lake real estate market may be the crutch that gives some much needed support.