Mortgage rates in Utah recently increased from 3.76% in February to 5.87% in June, one of the most drastic increases on record in such a short timeframe. According to the University of Utah’s Kem C. Gardner Policy Institute consumers typically see prices moderate or even stall with such rapidly rising rates. However, Utah’s housing prices […]
Read moreAccording to Utah state economists and experts, local home buying trends have created a significant growing wedge, forcing residents to spend ever-larger shares of their pay on housing costs. This widening chasm between the cost of available housing and what homebuyers actually pay is an underlying driver behind Utah’s current housing predicament. With this housing […]
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