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Tag: Housing

Affordability Top Voter Concern As Utah Legislature Returns

Affordability Top Voter Concern As Utah Legislature Returns

(Salt Lake City, UT) — Affordability is the top issue among voters as the Utah State Legislature starts a new session today. A poll by the Deseret News and the Hinckley Institute of Politics shows housing affordability is the dominant issue across party lines. Health care and water are also […]

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FILE - Rows of homes, are shown in suburban Salt Lake City, on April 13, 2019. Utah is one of two Western states known for rugged landscapes and wide-open spaces that are bucking the trend of sluggish U.S. population growth. The boom there and in Idaho are accompanied by healthy economic expansion, but also concern about strain on infrastructure and soaring housing prices. (AP Photo/Rick Bowmer, File)

Utah Ranks Tenth for High Housing Costs as Share of Income

(Salt Lake City, UT) — A WalletHub study reveals that Utah ranks tenth in the nation for the highest housing costs as a percentage of median monthly household income. On average, Utah homeowners spend over 30-percent of their income on mortgage and utility payments, totaling just over 24-hundred-dollars a month. […]

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This photo shows the Utah State Capitol, Thursday, March 14, 2013, in Salt Lake City. Utah lawmakers are entering the final day of what has been a relatively quiet 45-day legislative session. By constitutional rule the Legislature must end its session Thursday, which often means the stroke of midnight. Lawmakers are wrapping up negotiations on a number of bills, including proposals to change the state's liquor and gun laws, and putting the finishing touches on a roughly $13 billion state budget.  (AP Photo/Rick Bowmer)

Utah Lawmakers Address Elections, Housing, and Judicial Reforms

(Salt Lake City, UT) — Utah’s 45-day legislative session kicks off with over 500 bills on the table, focusing on election reforms, the housing crisis, and judicial changes. Judicial reforms, including potential term limits for judges, are also under discussion. To tackle the housing crisis, bills aim to ease construction […]

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Utah Sues Feds Over Housing Standards

Utah Sues Feds Over Housing Standards

(St. George, UT) — Utah is going after the federal government over housing efficiency standards. The Beehive State filed a lawsuit earlier this month against the Biden administration for what they called “radical, green mandates,” claiming it will make affordable housing more expensive. The suit calls the standards, which can […]

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Utah Shows Increase In Median Home Prices

Utah Shows Increase In Median Home Prices

(Salt Lake City, UT) — Median home prices in Utah are higher than a year ago. A Bankrate report notes that in May that home price was almost 523-thousand dollars, which is about a two-point-four percent increase over 2023. The West and Northeast are the least affordable areas of the […]

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Madelene Lee poses for a photo outside of her home in West Jordan, Utah, on Wednesday, Dec. 16, 2020. She and her husband supplement their income by renting out their basement to a couple and by hosting foreign exchange students. (Scott G Winterton/The Deseret News via AP)

Salary Needed To Become New Homeowner Rises In Utah

(Salt Lake City, UT) — A recent study says a six-figure income is necessary for those wanting to become homebuyers in Utah. Five years ago, one could acquire the home of their dreams with an annual salary of 80-thousand dollars. The study by Bankrate.com identifies that in Utah in 2024, […]

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Utah Named “Most Affordable State” In New Report

Utah Named “Most Affordable State” In New Report

(Salt Lake City, CO) — A recent report by USA Today Homefront names Utah as the most affordable state in the U.S. The study takes multiple factors into account, including money spent on groceries, gas, taxes, housing, and health care. Health care is lower in Utah compared to other states, […]

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Condos And Townhomes New Starter Homes In Utah

Condos And Townhomes New Starter Homes In Utah

(Salt Lake City, UT) — Condos and townhomes have become more common across the state in the past decade. According to a 2022 database by Kem C. Gardner Policy Institute, building permits for the housing types were seen four times as much than in 2013. A representative of the Utah […]

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Study: Utah Rents Down 4.99% Since 2022

Study: Utah Rents Down 4.99% Since 2022

(Undated) — Renting a place to live in Utah is more affordable now than it was a year ago, according to a new study. A report by Rent.com finds the average cost of rent in Utah has fallen by nearly five percent over the past 12 months. That amount to […]

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