The Signs of Recovery are Multiplying

Signs of Utah's economic Recovery have been escalating. The job market is improving, retail sales are increasing, and of course Real Estate sales are up. Jim Wood, of the Bureau of Economic and Business Research at the University of Utah, recently published a report on Utah's recovering economy. In his article (which can be read here) he states that "indicators show that the worst is over"!

Here are some of the highlights from the report:


Job Market:

The number of job openings posted has doubled from a year ago

The amount of job losses has slowed considerably

Unemployment claims are down 13%

Unemployment rate for males in Utah is 4.6% lower than the National Average


Real Estate:

The number of existing home sales has been positive over the past 7 months!

Number of permits issued for new home construction has been positive since June 2009

New home construction in Utah County is up 30%

Eagle Mountain new home construction is up 63%



2010 Projections:

Retail sales are expected to be up 2.9%

Auto & Truck sales are estimated to increase by 10%

Principal exports are anticipated to be up 23%

Contact me for specific Real Estate market statistics. Knowing where and when to buy and sell enhances your real estate success. Become a part of Utah's economic recovery. Act fast to take advantage of free Grant money. Time is running out!