SALT LAKE CITY - Buying and selling homes along the Wasatch Front has become a heart-wrenching experience for many who are caught in the middle of one of the most challenging markets since the Great Recession. Read all of WHY HOME LISTINGS ARE DOWN IN UTAH 'DESPITE STRONG DEMAND'
Archive: April 2017
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In 2016, single-family construction increased to 10,579 units, the highest level since 2007. Even so, the number of new single-family units continues to be well below construction activity prior to 2008.
Utah is one of the fastest-growing states in the nation, but a shortage of housing and rising home prices make it increasingly difficult for prospective homebuyers to find affordable housing. In 2016, Utah surpassed 3 million people in the state, and had a stable, yet flourishing, economy. With this growth came some growing pains: Utah continued to see home prices increase while the number of homes on the market dwindled. Read all of STUDY: UTAH'S HOUSING SHORTAGE PROBLEM