The long term recovery of the Salt Lake City real estate market will be somewhat effected by the availability of jobs.
There are two links below. The first is a map which shows the changes in unemployment for every County in every State in our nation. The time frame starts at January 2007 and goes until December 2009. It really puts the economic downturn into perspective and you can see why some areas of our country have been hit so hard.
The second is a table which ranks unemployment by state. The lower the number, the lower the unemployment rate. As of January 2010, Utah had an unemployment rate of 6.8% and was tied for 8th place with Montana. This is actually pretty good considering 4th place went to Kansas with an unemployment rate of 6.4%. We’re not far behind.
Kevin Kevin Coyle Associate Broker, GRI, MBA Kevin@SLCHomeBuyer.com 801-243-0699 (Mobile) SLCHomes Real Estate