Washington and Iron County, UT Economic Landscape
The Washington and Iron County, UT economic landscape is looking good. According to the U.S. Bureau of Labor Statistics, the unemployment rate increased from 0.5% to 6.7% in Washington County, UT. This increase has pushed the unemployment rate in Washington County above the state average and below the national average. And, according to RealtyTrac, home foreclosures are also down again. In January there were approximately 10 in every 10,000 homes foreclosed in Washington County, UT. That is a decrease from the prior month and the prior year.
Iron County, UT also shows improvement in unemployment by an increase from 0.3% to 6.6% according to the U.S. Bureau of Labor Statistics. And, RealtyTrac shows nearly 20 of every 10,000 homes were foreclosed on in January.
The state of Utah’s Economic Landscape is also looking good. The economy is steady and growing according to Governor Gary Herbert. Utah’s economy actually grew 3.1% in January, which was twice as fast as the national economy that only grew 1.6% in January. And, the unemployment rate for Utah is at 5.4% compared to the national unemployment average of 7.9%.
Even with federal uncertainty and appropriation, Utah’s economy is still solid. Stable and sustainable job growth creates real opportunities for those who live in work in Utah. So, if you are not currently living in Utah, especially Washington County, UT, you may want to consider relocating. Washington County offers all types of real estate opportunities from new homes to golf course living, to master-planned communities and all that’s in-between. You can see everything that Washington County, UT real estate has to offer at www.relocatetosunnystgeorge.com. You will find thousands of homes for sale in and around St. George, UT.
Be sure to check the community links. You’ll be able to get a good feel for this spectacular place and find out why so many people call it home. Click the “Property Search” link to view all of the active listings of St. George Utah real estate on the Washington County MLS.