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Austin Wolff
  • Rental Property Investor
  • Los Angeles, CA
134
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Here's why Utah might be the next boom state

Austin Wolff
  • Rental Property Investor
  • Los Angeles, CA
Posted


In a previous article, I made the case for why North Carolina might be the next boom state. In an accompanying video, I also pointed out that Utah had the highest population growth from new births (see the heatmap above, courtesy of Pew Research Center’s analysis of Census data).

Metros along the Wasatch Front, such as Salt Lake City, UT; Provo, UT; and Ogden, UT continue to see strong job growth, low vacancy rates, and relatively high price appreciation. The area is also geographically constrained between the Great Salt Lake, Utah Lake, and the Wasatch Mountains, leading to the low supply in housing.

The geography reminds me of coastal cities like Los Angeles, which are usually sandwiched between the ocean and the mountains. As long as there is demand to live in these areas and low housing supply, prices will likely continue to appreciate. And I think this effect will be exaggerated along the Wasatch Front metros like Salt Lake City, Provo, and Ogden, UT.

  • Austin Wolff
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    Jay Hinrichs
    #1 All Forums Contributor
    • Real Estate Consultant
    • Summerlin, NV
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    Jay Hinrichs
    #1 All Forums Contributor
    • Real Estate Consultant
    • Summerlin, NV
    Replied
    Quote from @William Hochstedler:

    Utah has been booming for the past decade by every metric.


    my kids did deposits on ski condos at Park City  NEW development and one at Brianhead and those things shot up like crazy.. they need to keep it up so they can take good care of me in my waining years.
    business profile image
    JLH Capital Partners

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