Population Growth
Utah Population Growth from 2006-7: 3.2% - Estimated Utah
Population Growth 2007-08: 3.1%
U.S. Population Growth from 2006-07: 0.9% - Estimated U.S.
Population Growth 2007-08: 0.9%
Net Migration
Utah 2007 Net Migration Forecast: 44,252 - Utah 2008 Net
Migration Forecast: 41,200
Job Growth
Utah Employment Growth October 2006-07: 4.3% - Utah
Employment Increase October 2006-07: 52,500
U.S. Employment Growth October 2006-07: 1.2%
Unemployment
Utah Unemployment Rate October 2007: 2.8% - U.S.
Unemployment Rate October 2007: 4.7%
Mortgage Rate
Projected 2007 Annual 30-Year Fixed Rate: 6.4% -
Projected 2008 Annual 30-Year Fixed Rate: 6.5%
Projected 2007 Annual 1-Year ARM: 5.6% - Projected 2008
Annual 1-Year ARM: 5.1%
Foreclosures
Utah Delinquency Rate 3rd Quarter 2007: 3.92% - U.S.
Delinquency Rate 3rd Quarter 2007: 5.59%
Home Sales
Utah Homes Sold 3rd Quarter 2007: 9,515 - 2007 3rd
Quarter Sales Down from 2006: 24.62%
2007 3rd Quarter Sales Down from 2007: 2nd Quarter: 20.39%
Average home Prices
Utah Average Sales Price third Quarter 2007: $288,307 - 2007
Third Quarter Sales Price Up from 2006: 12.91%
5-Year Appreciation
Five-Year Utah Appreciation Rate: 54.36% - Five-Year
U.S. Appreciation Rate: 46.92%
Sources: Utah Department of Workforce Services, National
Association of Realtors, Mortgage Bankers Association,
Global Insight, Utah Population Estimates Committee, Utah
Association of Realtors, Office of Federal
Housing Enterprise Oversight.
Utah Real Estate Sold Statistical Data includes the
following cities: Alpine, American Fork, Cedar Fort, Cedar
Hills, Eagle Mountain, Elk Ridge, Genola, Goshen, Highland,
Lehi, Lindon, Mapleton, Orem, Payson, Pleasant Grove, Provo,
Salem, Santaquin, Saratoga Springs, Springville, Woodland
Hills. Provided by the Utah County Association of Realtors.