Utah Hopes for Recovery Despite Weak Real Estate Market

Although Utah’s real estate market is feeling the pinch of “The Great Recession” more than most, Utah Governor Gary Herbert is optimistic about a statewide recovery.

“We are on the right road going in the right direction,” Herbert told the audience at a recent Brigham/Tremonton Board of Realtors luncheon at Maddox Lodge, where he had been invited as guest speaker. A former real estate agent himself, Herbert said he is a better governor because he was first a realtor. Because of that background Herbert said he sympathizes with those in the profession. “Those in real estate are the first ones hurt in the economy downturn and the last to recover,” he said.

“But, hang in there,” he encouraged the group. Utah, he said, is in better shape than other parts of the United States. “This is a fertile area, and there are facts and data to back that statement up.” Herbert said this past year has seen job growth throughout the state increase significantly, 60 percent better than the national level.

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