Stephanie Taylor2022 President, Northern Wasatch Association of Realtors Utah’s strong job market along with a large population of young adults entering their prime home-buying years will provide robust demand for Utah housing over the next decade. That’s according to a new regional economic report commissioned by the Utah Association of Realtors and written by Dejan Eskic, senior research fellow at the Kem C. Gardner Policy Institute. The study looks at housing market conditions in six states: Arizona, Colorado, Nevada, New Mexico, Utah and Wyoming. The report studied various housing market indicators, comparing Utah’s performance to other states. Here’s a look at how Utah’s housing market stacks up. Employment One important indicator of real estate demand is an area’s job market …

Stephanie Taylor, 2022 PresidentNorthern Wasatch Association of Realtors After an ultra-hot housing market in 2021, Northern Wasatch home buyers and sellers can expect another robust real estate year in 2022. That’s according to Jim Wood, Ivory-Boyer senior fellow at the University of Utah’s Kem C. Gardner Policy Institute, who recently spoke to Northern Wasatch Realtors. Wood, who has studied Utah’s housing market for decades, forecasts that real estate sales will remain steady in 2022 while home prices will rise 10-12%. Meanwhile, new home construction will reach a new record high of 36,000 units but will remain constrained because of a continued labor shortage.   “Utah is in the midst of a really strong economic boom, and the fundamentals are still …