FIVE HOTTEST U.S. HOUSING MARKETS WHERE SUPPLY MEETS DEMAND
With a good supply of land and a growing demand for new housing, Salt Lake City is #5 up-and-coming cities of the most lucrative areas for home builders in the next few years.
Salt Lake City Utah
No. 12: Best City to Invest in Housing in 2015 – Forbes
No. 5: Healthiest Economic Market in the U.S. – Metrostudy
55.5%: Increase in New-Home Sales from 2011 to 2013 – Metrostudy
No. 1: Metro for upward mobility – Harvard
Salt Lake City
In most areas, millennials can likely find either great job opportunities or affordable housing—not both.
But Salt Lake City is an anomaly in that equation. Young job seekers have flocked to this city, where odds of upward mobility were ranked No. 1 among larger metros like Boston, New York, and San Francisco, according to a study conducted by Harvard and UC-Berkeley economists.
And with 50% of homes being affordable for the metropolitan’s millennial average income of $50,000, according to Trulia, these transplants aren’t leaving. In fact, Salt Lake City’s millennial population is 16.8% of its total population, putting this city in the top 12 metropolitan statistical areas for largest portions of millennial populations. #EDGEhomes #ushousing #homebuilder #saltlakecity #millennials #trulia #forbes #metrostudy