According to a Reuters poll conducted during the last half of August, the U.S. housing market is projected to get stronger in the next year. Turnover is set to rise while the pace of house price gains will remain steady. Much of the results are based on an optimistic outlook for a strong job market, meaning more people will be ready to purchase a house. Given all the industries tied to housing, from construction to furniture sales, that spells good news for the economy as a whole.

The data coincide with increased optimism from Federal Reserve officials that the case for another interest rate rise is getting stronger. All though, the rates would only rise gradually. 30-year mortgage rates are currently at 3.67 percent, and are expected to climb to 4.08 percent next year and 4.60 percent in 2018.

While millennials are, for the most part, currently priced out of the market, things are looking better for this large demographic in the next year or two. Jobs are coming back, their pay will increase, and the rise in turnover will put them in prime buying position. It's just a matter of time, according to some experts.

All that said, Utah is primed to continue to lead the nation in terms of economy, jobs, and a young, well-educated work force.