Insurance companies like State Farm and Allstate have halted new home-insurance policies in California due to rising wildfire risks, with the state experiencing eight of the ten costliest wildfires in the U.S. Insurers are now using advanced wildfire mapping tools to assess risks, leading to increased premiums and coverage cancellations for homeowners. In Utah, while some carriers are still offering coverage, the market is tightening. Homeowners are advised to manage defensible space around their properties to mitigate wildfire risks.

Salt Lake County and six central Utah counties will receive nearly 50% of the $6.8 million allocated for home safety improvements in the Mountain West region. The funds, awarded by the U.S. Department of Housing and Urban Development, aim to address health hazards in homes, particularly for seniors and those living independently. Salt Lake County will focus on multiple hazards, while the R6 Regional Council will prioritize modifications for seniors. The funds are reimbursable, requiring upfront spending before reimbursement.

A comprehensive analysis of housing permits in Utah shows significant changes in residential development over the past 30 years. Approximately 416,000 new residential units have been built, with two-thirds located in Salt Lake, Davis, Utah, and Weber Counties. Washington County, particularly St. George, has also experienced notable growth. The market is shifting towards more multi-family housing, expansion into suburban areas, and increased migration from high-cost states, reflecting broader economic and demographic changes.

Investing in real estate can be lucrative, even for those with limited funds. Buying a multifamily property with no money down offers income potential, lower risk, and potential for appreciation. Benefits include cash flow, building equity, tax advantages, and potential for future growth. Assessing financial situation, evaluating credit score, and exploring financing options are crucial steps. Partnering with investors can also help acquire the necessary funds.