Comments on: Harvard Professor Discusses Trends in Real Estate Today http://www.therealestatebloggers.com/2007/03/15/harvard-professor-discusses-trends-in-real-estate-today/ Real Estate Blog, Mortgage, and Development News Sun, 21 Mar 2010 17:00:51 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: scherf.com http://www.therealestatebloggers.com/2007/03/15/harvard-professor-discusses-trends-in-real-estate-today/comment-page-1/#comment-37333 scherf.com Fri, 16 Mar 2007 23:50:36 +0000 http://www.therealestatebloggers.com/2007/03/15/harvard-professor-discusses-trends-in-real-estate-today/#comment-37333 It seems that the last really hot real estate market in the U.S. is just south of the Salt Lake City (Utah) valley, specifically areas around the championship golf-course communities of The Ranches at Eagle Mountain and Saratoga Springs. Home sales and price appreciations are strong. The reasons for strong home sales seems to be a limited supply of homes and the increased migration of Californians to this area as e.g. Micron is hiring 1,000 new workers and 60% of Utah companies are planning to hire this year. Also, its expected that approx. 1 million people will move to the Wasatch front within the next 10 - 12 years. The home appreciations are taking place because the whole Salt Lake City valley is a few years behind the national average - after the Olympics the real estate market took a dive with real estate prices beginning to recover in 2005 and the momentum is increasing. $300k will still buy you a very nice newer home in this area, although some surrounding areas have already appreciated a lot in the last 6 - 9 months like Highland, Alpine, Cedar Hills, and even Lehi and Pleasant Grove, and also Saratoga Springs is appreciating quickly followed by The Ranches at Eagle Mountain which is still lagging behind a bit. Where else can you get million-dollar views of a lake, mountains, valley, city, canyon and hills at a bargain price? Here are some Websites that might be interesting for researching the area: http://scherf.com/realestate.htm and http://greathomesutah.com It seems that the last really hot real estate market in the U.S. is just south of the Salt Lake City (Utah) valley, specifically areas around the championship golf-course communities of The Ranches at Eagle Mountain and Saratoga Springs. Home sales and price appreciations are strong. The reasons for strong home sales seems to be a limited supply of homes and the increased migration of Californians to this area as e.g. Micron is hiring 1,000 new workers and 60% of Utah companies are planning to hire this year. Also, its expected that approx. 1 million people will move to the Wasatch front within the next 10 – 12 years.
The home appreciations are taking place because the whole Salt Lake City valley is a few years behind the national average – after the Olympics the real estate market took a dive with real estate prices beginning to recover in 2005 and the momentum is increasing.

$300k will still buy you a very nice newer home in this area, although some surrounding areas have already appreciated a lot in the last 6 – 9 months like Highland, Alpine, Cedar Hills, and even Lehi and Pleasant Grove, and also Saratoga Springs is appreciating quickly followed by The Ranches at Eagle Mountain which is still lagging behind a bit. Where else can you get million-dollar views of a lake, mountains, valley, city, canyon and hills at a bargain price?

Here are some Websites that might be interesting for researching the area:
http://scherf.com/realestate.htm
and
http://greathomesutah.com

]]>