Utah Housing Watch

Utah's housing recovery continues to gain momentum in 2013.  According to Dave Frederickson, President of the Sale Lake Board of Realtors, "strong consumer confidence in Salt Lake's job market is directly benefiting the housing sector.  Limited supply is driving home buyers to BUILD new homes or look at multifamily options."

"Prices of homes in the Salt Lake area in February continued to show gains as demand for housing remained strong," according to the Salt Lake Board of Realtors.  Since April 2012, home prices in the Salt Lake area have risen every month year-over-year.  The median home price in Salt Lake County in February increased 20% from $175,000 to $210,000.

Real Estate Recovery in Utah

Utah's real estate recovery gained momentum in 2012.  According to Jim Wood, Director of the Bureau of Economic and Business Research, some of the most notable features of the 2012 market include:

*A 15% increase in homes sales

*Nearly 2.7 billion in home sales value; $500  million more than 2011

*A 6% increase in the median sales price of a home;  $199,000 in 2011 to $211,000 in 2012

*The lowest inventory of foreclosure filings in four years; a decline of 47% from the peak quarter

*Housing affordability at near record levels, 80% of homes sold in 2012 were affordable to the median income family

*An average mortgage rate of 3.66%; the lowest rate in 60 years.

Utah has had 30 consecutive months of job growth and ranks fifth among all states in relative job growth.  In the past year all of Salt Lake County's 15 cities have seen an increase in existing home sales.  In 2013 Salt Lake County's real estate recovery will gain momentum.  Strong job growth and low interest rates will give a boost to both buyer confidence and housing affordability.

Utah Home Builder, Cameo Homes Inc.

www.cameohomesinc.com

Voted Best of Houzz Awards 2013

Cameo Homes Inc. is excited to be voted by the Houzz community as a winner of the Best of Houzz 2013 awards!  We won in the General Contractor Design category for having some of the most popular images on Houzz in 2012.  Best of Houzz 2013 also serves as a barometer for decorating and remodeling trends across the U.S. and around the world.  Here is the Press release from Houzz.com:

Cameo Homes Inc. of Utah Receives

Houzz’s 2013 ‘Best Of Remodeling’ Award

Annual Survey and Analysis of 11 Million Monthly Users

Reveals Top-Rated U.S. Professionals

North Salt Lake City, Utah  --  January 21, 2013 –Cameo Homes Inc. of North Salt Lake, Utah has been awarded  “Best Of Remodeling” 2013 by Houzz, the leading online platform for residential remodeling and design.  The 37-year old  Home Building Company was chosen by the more than 11 million monthly users that comprise the Houzz community.

The Houzz “Best Of Remodeling” award for 2013 is given in two categories: Customer Satisfaction and Design. Customer Satisfaction award winners are based on homeowner members who rated their experience working with remodeling professionals in 12 categories ranging from architects, and interiordesigners to contractors and other residential remodelingprofessionals.  Design award winners’ work was the most popular among the community of 11 million monthly users, also known as “Houzzers,” who saved more than 124 million professional images of home interiors and exteriors to their personal ideabooks.

Utah’s Luxury Home Builders and Remodelers since 1976.  Find more information about Cameo Homes at www.cameohomesinc.com,  and Houzz.com. 

“Houzz provides homeowners with an in-depth, 360-degree view of building, remodeling and design professionals through images of their work, reviews and an opportunity to interact with them directly in the Houzz community,” said Liza Hausman, vice president of community. “We’re delighted to recognize Cameo Homes Inc. among our “Best Of” professionals for design as judged by our community of homeowners and design enthusiasts who are actively remodeling and decorating their homes.”

With Houzz, homeowners can identify not only the top-rated professionals like Cameo Homes Inc., but also those whose work matches their own aspirations for their home. Homeowners can also evaluate professionals by contacting them directly on the Houzz platform, asking questions about their work and evaluating their responses to questions from others in the Houzz community.

About Houzz

Houzz (www.houzz.com) is a leading online platform for home remodeling, providing inspiration, information, ‘advice and support for homeowners and home improvement professionals through its website and mobile applications. Houzz features the largest residential design database in the world, articles written by design experts, product recommendations, a vibrant community powered by social tools, and information on more than 1.5 million remodeling and design professionals worldwide who can help turn ideas into reality. @houzz_inc