The Worrying State of Utah's Housing and Rental Market
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.
- 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.