A recent article in The Spectrum reported that St. George real estate is continuing to improve after the recession. People who had to give up homes and leave the market are now in a position to purchase real estate again and get out of rental properties.
After the housing bubble burst in 2015, many people lost their homes and moved into rental properties. Because St. George doesn’t have a lot of rental properties, a shortage in St. George has driven up the price of rent. This could change as bank regulations loosen and people become emotionally ready to purchase a home again. St. George hopes to see more purchasing and less renting in 2015.
St. George Demographic
The largest demographic group moving to St. George has been…