Found 2 blog entries tagged as economy.

According to a report that came out at the end of May, home prices rose in March, especially in the western US, for an average of 4.1% year-over gains. 20 cities in particular experienced growth. This data comes from a survey of the S&P/Case-Shiller Home Price Index. San Francisco and Denver reporter 10% and higher year over gains from 2014.

A report by the United States Census Bureau that came out around the same time said that single-family home sales rose 6.8% in April.

Home prices have gained for 35 month in a row. Reports such as these are beginning to remind people of the housing bubble from 2007.Home rates are currently rising faster than wages and per capita income. Reuters reports isn’t a bad thing, however, and probably a rebound…

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The National Parks surrounding Utah are providing a boost to the economy, according to a report by the National Parks Service. Specifically, Southern Utah received $433 million in economic benefits due to national park visitors in 2014.

Visitors come to the area and they need transportation, fuel, food and places to stay. The prime real estate in St. George means residents reap a lot of the rewards of visitor spending.

The study reports that most of the spending went towards lodging, followed by food and then gas and oil. Since Washington County is usually the last stop for many people traveling to these national parks, most of that money is going into the St. George economy. For every $1 spent on National Parks, there is a $10 return on…

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