BUSINESS + ECONOMY
‘Don’t blame Californians for surge in Utah housing prices’ study says
SALT LAKE CITY — If you’ve been wondering why Utah’s housing market is on fire right now, the Utah Foundation and local realtors have some answers.
KSL TV reporter Ladd Eagan spoke with a senior analyst for the Utah Foundation, a nonprofit research organization, who said that Utah is not one of the top ten states where people are moving.
“But most of our neighbors are,” said Christopher Collard. He told Eagan that one of the reasons for rising home prices in the Beehive State is that people don’t leave. Which, he said, is similar to an influx of out-of-towners.
Adam Kirkham, a real estate agent with Summit Sotheby’s International Realty added that Californians and others are used to higher housing costs. And they’re outbidding local buyers.
Be sure to watch Eagan’s full report above.
Affordable housing in Utah hard to come by for first-time buyers
More than 50 percent of people in Salt Lake City couldn’t afford a home in their own neighborhood, a new study says
We want to hear from you.
Have a story idea or tip? Send it to the KSL NewsRadio team here.
Today’s Top Stories
- Body found at 600N, I-15 Southbound
- Utah’s COVID-19 transmissions slowed but still present
- KSL EXCLUSIVE: “It’s been a punch to the gut,” Woods Cross mom of boy…
- Clearfield power and traffic alert
- Robbery at swap meet leaves one victim shaken up
- Full interlodge in effect for Alta and Snowbird ski area
- Woods Cross man charged for allegedly secretly recording others in bathroom
- Winter-like temperatures sticking around
- Not everyone is a fan of Utah’s new state flag
- Salt Lake carjacking suspect dead, investigation continues