What if you could still buy undervalued properties in a city that keeps seeing employment and economic gains?

Local real estate experts are reporting just these figures for Salt Lake City, Utah, where the average home is priced at $265,984. Low interest rates have kept the Salt Lake City market active, with homes appreciating by as much as 20 percent in some areas in 2006.

And this jump in appreciation rates is set to continue for the year to come, with experts predicting 9 to 12 percent rises for the area. This is a considerable leap compared to what the rest of the nation can expect, which is 3 to 5 percent rises.

One expert reports, "The market has been extremely steady with not too much inventory on the market, but what is out there is very well maintained and worth the prices being asked for. There is a fantastic market of new construction, everything is new and growing!"

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