Three years ago, Utah’s housing market was the weakest in the nation. Today, it is second only to Idaho.

I remember seeing a table that showed that Utah was one of the most undervalued markets in the country. I thought that given it’s proximity to the formerly hot markets in Nevada and Arizona, it seemed a good bet for future appreciation.

“People have been cashing out in places like San Diego and Phoenix and going to Boise, Salt Lake and Twin Falls where they can get twice the house for half as much money,” Thredgold said. “But someone in Austin or Atlanta would be stunned at what they would have to pay to live in Salt Lake City.”