This looks like a good time to buy a home in Utah, even with the end of the federal tax credit.
Because home prices are at their lowest point in years, home sales are finally starting to take off. Sales of existing homes went up 6.8% over the same period last year. In the Salt Lake area, home sales increased by 15.3%, and condominium sales were up almost 27%.
In Washington County, home sales are up 41% for the first quarter when compared to last year, and even though prices are low, the robust sales figures are making home prices rise, as they’ve gone up 6.3% in the last quarter. Iron County reported an increase in home sales of around 45%, with most of the homes being sold priced under $200,000.
There are plenty of homes available throughout Utah, and if you’re a first time homebuyer, there are plenty of grants available that will help you purchase your new home.
See also:
Utah Housing Corporation 4.99% Mortgage Rates
“Own In Murray” Program



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