Market

↓ Median home price: $228,450

• Price in October 2007: $230,000
• U.S.: $191,600

↑ Median monthly housing costs: $1,296

• Median monthly housing costs in 2000: $1,116
• U.S.: $1,402

↔ National foreclosure rank (state): 28th (out of 51)

• Rank in October 2007: 28th

↑ Homeowner-vacancy rate: 2.6 percent

• Vacancy rate in 2000: 2.1 percent
• U.S.: 2.7 percent

↓ Total home sales: 822

• Total home sales in October 2007: 1,020

↑ Housing inventory: 6,487

• Inventory in October 2007: 5,829

↑ Housing units (including one-unit, two or more units, and mobile homes): 80,057

• Housing units in 2000: 77,054

Industry

↓ Single-family conforming-loan limit: $600,300

• Conforming-loan limit in 2008: $729,750
• U.S.: $417,000

Licensing: Mortgage-officer applicants must complete 20 hours of approved education and pass a mortgage-officer exam before applying; submit fingerprints; and pay a $171 nonrefundable fee that includes the application fee, recovery-fund fee and fingerprint-processing fee.

• State association: Utah Association of Mortgage Brokers
• Online: www.uamb.org

Résumé

• Demographics: 81 percent white, 4 percent Asian, 4 percent black, 1 percent American Indian/Alaska Native, 1 percent Native Hawaiian/Other Pacific Islander, 9 percent other; 24 percent identify as Hispanic or Latino
• Largest private employers (county): Intermountain Health Care, Wal-Mart, Delta Air Lines, Discover Financial Services, Zions Bank Management Services
• 2nd-least-stressful U.S. city (bizjournals.com)
• Most charitable U.S. city (bizjournals.com)

Ivanna C. Sukkar is senior associate editor at Scotsman Guide. Reach her at (800) 297-6061 or ivanna@scotsmanguide.com.

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