Is the Home Run Grant a Home Run in Utah?
Recently the government has been taking steps to boost the economy, and breathe some life into businesses. Many things they choose to spend money are not necessarily quantifiable, however the Home Run Grant just may be-
According to James Wood, the Executive Director of the Bureau of Economic and Business Research at the University of Utah, in 2009 the Home Run Grant:
- 3,645 home buyers received financial assistance of between $4-6,000 people.
- 19,508 jobs were saved or created that were construction related
- The value of homes sold was $830.9 million
- Earnings created was $659.8 million.
Although the Home Run Grant time line has been extended once, it is not anticipated to be extended again. So if you are a first time home buyer, many economists suggest that a few years from now, anyone who had a chance to buy in 2010 and didn’t will definitely regret it.
It is said by many economists that the housing market is what got the economy into this mess, and the housing market will get us out of it.
Commercial real estate across the nation, and commercial real estate in St. George Utah, are typically 12-18 months behind the trends that residential markets set. So when the residential market begins its recovery, commercial investors will come out of the wood works and start to realize the deals that will be available for them.
