America's Recession-Proof Cities

Here's what Forbes had to say about Salt Lake City.

© Jason Mathis/Salt Lake City Convention & Visitors Bureau

6. Salt Lake City, Utah

Median home price: +2.5%

Unemployment: 3.1% (from 2.6%)

Key growth: Education and health services, +5.5%

Though Salt Lake City's unemployment rate is rising, it's still among the lowest of the country's 50 largest cities (Washington, D.C., is second, but declining home prices kept it off our list). The state is still creating jobs, just not as quickly as its labor force is growing. A November 2007 report from the U.S. Conference of Mayors projected that Salt Lake City would be one of the few large cities in the country not to suffer a decline in gross metropolitan product from the mortgage crisis.

 

Remember Real Estate is Local, so you can't listen to all of the negative news reports nationally.