Rents and home prices are skyrocketing, forcing many residents to make difficult decisions or move out of major cities.
Utah is the least affordable state for homebuyers after Hawaii and California, according to a new report from bestbrokers.com. As Brian Mullahy reports for KUTV, the stat is based on ‘price to income ratio,’ which reveals how many people in the state can afford homes based on their income. “Other states with the ‘worst price to income ratio,’ said bestbrokers.com, include Idaho (#4), followed by Montana, Oregon, Washington, Colorado, Arizona, and Rhode Island.”
Another KUTV article points out that many affordable housing units in Salt lake City are being lost to redevelopment. “In Salt Lake City, unless the city invests money into development, they can not legally require a developer to provide affordable apartments.”
FULL STORY: Utah ranks third in nation for most unaffordable housing market behind Hawaii, California
Rents Rose Between December and January
After dropping to a three-year low, U.S. rent costs grew in many major cities.
National Survey Shows ‘Severe, Widespread, and Worsening’ Housing Crisis
Mayors from around the country agree that more support is needed at the federal level to strengthen housing assistance programs.
Modular Workforce Housing Offers a Lifeline for Western Towns
Rapidly rising housing costs are pushing out the residents at the heart of local economies in resort towns across the country.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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