In Utah, real estate is more than a commodity.
The state’s economy relies on the state’s housing supply, which includes more than half of the country’s total housing stock, and the housing market is heavily dependent on the housing sector.
Utah has a median household income of $53,400 and the median home price is $86,300.
According to the most recent Census data, nearly 3.2 million Utahns live in apartments, condos, and single-family homes, which is the second-highest percentage of the population.
While the housing supply has grown, the state is also experiencing the fastest rate of home price appreciation in the nation, according to the Census Bureau.
As a result, the average Utah home is now worth about twice as much as it was just a decade ago.
One of the largest Utah real-estate companies, the Utah Real Estate Board, is now the fifth-largest company in the state.
The company is based in Brookline, Massachusetts.
The Brookline office is located in the basement of a nondescript building with an open kitchen and a hallway leading out into the parking lot.
The office is staffed by six people, including a sales representative who has been with the company for nine years.
“Our team has the highest concentration of Utahns in their industry,” said Chris Furlong, the managing partner at Real Estate Boards of Utah.
“That’s what makes us so great.
We’re not just another company that’s doing business in Utah.”
The company was founded in 2007, and Furlink started in a room in the office, which was converted into a salesroom in 2015.
“We got to see that there’s a lot of talent out there, and we wanted to build a better relationship with our customers, so we decided to be here,” Furlond said.
“It was a pretty easy decision.
The sales people are the best part of our job.”
The sales team focuses on recruiting potential buyers for their real estate listings, which they do by phone or in person.
“When we talk to prospective buyers, we’re asking them a lot more questions than just ‘Is this property good for my family?'”
While some of the potential buyers have been interested in buying a home, the sales team is primarily focused on helping prospective buyers with the first steps of making a home purchase.
“The first step is finding out where you’re going to live,” Furboy said, “and then figuring out the location of your home, and then we have to look at that and do the planning and go out there and find the best place.”
Utah realty board president Scott Smith, a former real estate agent, said his company has become so popular because of the company’s “credibility” and “cabinet-level visibility” among investors.
“There’s not many companies that do that,” Smith said.
According, Real Estate boards of Utah, Utah Real Realty Board, and Real Estate Agents of Utah also are listed on the National Association of Realtors’ “best” list.
Real Estate board members have also been recognized for their work in the community.
In 2016, Utah Realtor Steve Dennison was recognized for his work by the Utah Council of Governments, which oversees Utah’s government.
“I’ve been fortunate enough to be involved in a lot in Utah, but I’ve also had the opportunity to work in a variety of communities across the state,” Dennisons said.
Dennions is now a member of the Utah Senate.
Utah Realty board members are also members of the State Chamber of Commerce.
“If you go back to the 1920s, there were only six real estate brokers in Utah,” Smith added.
“So the real estate world in Utah is pretty much the same as it is today.”
In 2016 alone, the Real Estate Association of Utah was awarded a $2 million award from the Utah Economic Development Corp. for helping Utah attract more people to the state and more money into the state economy.
The award came after the Real Realtorship Board of Utah received an award from Utah’s Legislature for helping to revitalize the state during the recession.
The Real Estate Council of Utah has been active in promoting Utah real property by holding public events and holding public forums on topics like building standards, land values, and property values.
“Utah is a great place to live, but the real-property industry is not always in good shape,” Smith told the National Review.
“You don’t want to be a broker or a real estate investor or an agent.”
In 2017, the Salt Lake Tribune’s Real Estate Magazine named Utah as one of the best places to live in the country.
Utah is a very affordable place to buy and sell real estate.
According the Utah Department of Commerce, real-home sales in Utah in 2016 amounted to $3.3 billion.