Optimistic About The Future

Though times are tough, there is plenty of good news to consider such as: Almost every bank in Utah's share value went up in the past 30 days (Zion's Bank alone went up over 15%). No Utah banks has provided additional bad news in the past 60 days - outside of what they already were aware of. The US creates 875,000 new families each year that need housing (and Utah gets their share on a per capita basis) Traffic at good affordable housing projects is still 65% of what it was just a year ago with more than 85% without agents. There is a "huge" pent up demand for housing while first time home buyers still live with parents or in rentals. The Bailout plan, which is about to pass, will have some implications to the future value of our money but have you considered the influx of buyers it will provide to the market if they feel secure in their decision to purchase that things may be going the right way. Rates are still hovering around 5% Feds have tax credits and additional incentives pending to offer buyers and the list goes on and on. Yes, we are in some rough times but lets try to be optimistic about the future.