What does the future hold?
It is hard not to get caught up in the sharp ups and downs of the real estate market in the last few years but what does it look like in the future. Say, 20 years in the future. According to Chris Nelson at University of Utah’s Metropolitan Research Center, Utah will be the fastest growing state in the nation adding 1.5 million residents to the 2.7 million already here. The demand this will put on future housing needs can not be understated. Just the Wasatch Front will need 450,000 additional units and 1.1 billion square feet of commercial space. This adds up to a tremendous opportunity for builders and investors.
One of our primary responsibilities as your realtors is to keep our finger on the pulse of the market–short term and long term. If you have any questions about the real estate market or investment strategies, please give us a call.