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The Worrying State of Utah's Housing and Rental Market

A house for sale sign in a Salt Lake City neighborhood, July 25, 2022.
Brian Albers
/
KUER
A house for sale sign in a Salt Lake City neighborhood, July 25, 2022.

The Utah housing market has had a wild past few years. But new research from the Kem C. Gardner Policy Institute at the University of Utah reveals that it is (perhaps) worse than we thought: 76% of Utah households can’t afford a median-priced home.

The fallout from the rising housing prices has led to all of the usual problems: housing insecurity for many and increased need for more rentals. In fact, the prices for rentals along the Wasatch Front have exploded in the past two years — as much as they had over the prior ten. This week on the show, we dive into why we have seen such a dramatic increase in home and rental prices and we’ll talk about the origins of our housing woes and what this means for Utahns now — and going forward.

GUESTS

  • Emily Badger| @emilymbadger is a New York Times reporter who writes about cities and urban policy for The Upshot from the Washington bureau.
  • Dejan Eskic|@EskicDejan is a senior research fellow at the Kem C Gardener Policy Institute at the University Utah, studying housing, real estate and construction in the state.
  • Tony Semerad|@TonySemerad is a reporter for The Salt Lake Tribune covering real estate, growth and business.
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