Ave. Home Sale: $379,000
According to “Insight”, Economic News of Utah and The Nation – Zions Bank: ” Most forecasters suggest that the National Bureau of Economic Research (NBER), the official scorekeeper for the U.S. economy, will announce sometime in coming months that the U.S. recession ended between June and September 2009. The NBER had announced in late 2008 that the recession “officially” started in December 2007.”
“The Utah economy experienced a net loss of nearly 28,000 jobs during the most recent 12 month period, a decline of 2.3%. This total, while exceedingly painful and disruptive to Utah families, was over 60% less than the revised 12 month decline of 73,500 jobs reported six months ago.”
I agree with Jeff Thredgold, Zions Bank Economic Consultant: “Better days are ahead as Utah continues the transition o renewed economic growth later this year. More vibrant economic performance is expected in 2011 and 1012. It’s about time.”
“Now remains a very attractive time to refinance a mortgage or buy a new home or foreclosed property…”
Avg. Sales Price: 379,000
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