Utah ranks 3rd in national housing market

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According to Freddie Mac’s Multi-Indicator Market Index (MiMi), Utah’s housing market is ranked #3 in the country thanks to three indicators in the index.

The three positive indicators in Utah are:

  1. The high number of purchase applications
  2. A high percentage of home owners who are current on their mortgage.
  3. And high employment rates

Utah falls short in “payment-to-income” relative to the national average.

The MiMi indicates that Utah’s housing market is roughly the same as it was in late 2003.

Kurt Almond