A respected index that tracks housing prices throughout the U.S. ranked Utah No. 2 in home price appreciation for the first quarter of 2008. Numbers from the Office of Federal Housing Enterprise Oversight show Utah home prices were up 5.58 percent during the first three months of the year, only behind Wyoming where home prices were up 6.34 percent. Four Utah metropolitan statistical areas also ranked high, being among the top 25 appreciating markets in the country:
No. 6: Provo-Orem with appreciation of 6.76 percent
No. 9: Ogden-Clearfield with appreciation of 6.64 percent
No. 15: Logan with appreciation of 6 percent
No. 22: Salt Lake with appreciation of 5.39 percent
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