Why Buy in Utah
Quality of life. No doubt about it, the benefits add up quickly.
Where else in the world can you ski “The Greatest Snow on Earth”, golf at a Jack Nicolas course, dine at a five-star restaurant and still catch the ballet? The proximity of a major metropolitan area to Utah’s world class recreation is unmatched. Short commutes, low crime rates, a vibrant economy, first-rate educational opportunities, access to outdoor activities, low cost of living, and most of all, people who really love to live here, are just a few reasons Utah offers an enviable quality of life.
In addition to the world class recreational opportunities living in Utah affords, economic opportunities abound as well. With some of the nations lowest unemployment rates, (around 2%) Utah is one of the strongest fastest growing economies in the country. Add to that twice the national average in population growth and a very young population, and you have a foundation for an incredibly strong real estate market.
Whether you choose the historic Avenues district for its diversity and proximity to downtown, Cottonwood Heights for quick access to skiing, Park City for its nightlife and ski town opportunities or Alpine for its breathtaking views of the Wasatch mountains, The Singleton Group can help determine which financing choices are right for you.
Get to Know Utah
Prepare to fall in love with this charming western state, known for its natural abundance and talented population. Friendly and loyal, Utah natives are proud of this amazingly geographically diverse state. Famous for “the greatest snow on earth” and year-round array of outdoor activities, every season holds its charms for the fans of scenic beauty. Five national parks, numerous state parks, national monuments, and recreation areas, 14 mountain resorts, the Great Salt Lake, breathtaking deserts, raging rivers, rocks and mountains galore, wide open spaces, universities, bustling communities, a vibrant cityscape—if you haven’t yet discovered what makes Salt Lake City unique, look no further for plentiful opportunities for your work or play.
Phenomenal Business Opportunities in Utah
2007 Economic Report to the Governor Excerpt:
“Utah's economy is coming off two remarkable years. The growth path that began in 2004 will continue through 2007 with employment increasing 4.7%. Population growth will be 2.8%, and net in-migration will remain strong at 33,000, because Utah's economy will continue to outperform the national economy. Strong in-migration will help the unemployment rate increase from its current very low 3.3% to a more sustainable 3.5% in 2007. Replicating the trend of the 1990s, for the fourth consecutive year, wages will increase faster than inflation during 2007, thus improving Utah's standard of living. Construction will be up, with 11.6% job growth and slightly higher valuation.”
see full article: utah.gov/governor/news/2007/news_01_04_07a.html
Strong & Steady: Economic Outlook 2007 Excerpts: (see full article)
- In the past year, each of the 11 major employment sectors in Utah added jobs, resulting in record-low unemployment rates in Utah.
- In the past 12 months, the state has experienced a net job growth of more than 58,000 additional jobs—a growth rate of 5 percent, which will likely rank Utah second or third in the country in terms of job growth for 2006. Utah’s neighbors, Arizona, Idaho, and Nevada are also seeing similar growth.
- In 2006, the state had approximately 41,000 more residents (as a result of in-migration) than it did the year before, and the same was true for 2005.
- The estimated 2006 year-end total for the construction industry is more than $1.3 billion, compared to $970 million five years ago… Upcoming construction projects—spanning a wide range of industries including health care, distribution and transportation—will keep the industry going strong.
- Last year, more than 18 million tourists visited the Beehive State… traveler spending contributed $5.45 billion to Utah’s economy in the 2005 fiscal year alone—a jump of nearly 10 percent...
- The state has enjoyed three consecutive record-breaking years for skier visits
- Even with the lower number of unemployed workers, "Utah is still going to be a top 10 state in terms of job growth. As we look at growth in tax revenue and in incomes… we are getting strong job growth and growth in wages as well."