Salt Lake City, UT recently was ranked #6 on the Forbes.com list of America’s Recession-Proof Cities. The median home price rose 2.5% from fourth quarter of 2006 through the 4th quarter of 2007. Unemployment was up slightly to 3.1% and key growth was in the education and health service areas at 5.5%. The state is creating jobs, but not as quickly as the labor force is growing.

The U.S. Conference of Mayors projected in November 2007 that Salt Lake City would be one of the few large cities in the country not to suffer a decline in gross metropolitan product from the mortgage crises.

Salt Lake City followed, Oklahoma City, San Antonio, Austin, Houston, and Charlotte.

The first quarter of 2008 has shown a bit of slowdown, and there are bargains to found.

Contact us at http://unlockparkcity.comfor all real estate information.

This entry was posted on Thursday, May 8th, 2008 at 11:52 am and is filed under Business, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.