The Salt Lake Board of Realtors has released its 2010 Housing Forecast. There are many interesting facts and predictions. We were told that home sales were up 3% in 2009 as opposed to 2008. They also predict that homes sales could rise nearly 10% in 2010.
Many people ask about the price of homes and the Salt Lake Board of Realtors predicts that homes could continue to decrease 3 to 5% before starting to rebound. Even though the Salt Lake Board of Realtors predicts that home values will decrease it is still a great time to buy. Whether you are looking to buy a home in Murray, buy a home in West Jordan, or buy a home in Salt Lake County prices are relatively inexpensive and interest rates are still great. Also remember there is an $8,000 tax credit to all first time home buyers who purchase or have a contract in place by the end of April 2010.