Salt Lake home prices have increased nearly 47 percent over the past five years, and more than 371 percent since 1991, according to a recent report by the Federal Housing Finance Agency. Nationwide, home prices have increased 32.81 percent over the same five-year period. Over the past year, home prices across Utah increased 9.80 percent, the third highest house-price appreciation of all states, the report said The FHFA House Price Index (HPI) is a broad measure of the movement of single-family house prices. The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. (Courtesy of Salt Lake Board of Realtors)
Utah lawmakers say no to ‘preemption,’ halt 2 housing bills aimed at allowing smaller homes
Utah lawmakers are facing challenges in addressing the housing affordability crisis, with two bills aimed at allowing smaller homes failing to progress in the legislative session. Rep. Ray Ward's proposals, which included permitting accessory dwelling units and...
Tips for Finding Bargain Houses in 2025
Start house hunting in January to benefit from lower prices and reduced buyer competition. Hire a local Real Estate agent with expertise in undervalued properties and market trends.
A Utah bill requiring 60 days notice to raise rent fails
A Utah bill requiring landlords to provide two months' notice before raising rent has been halted for the third consecutive year. The House Business, Labor, and Commerce Committee rejected HB182, which aimed to give tenants more security. The Utah Rental Housing...
Surprising Trend Pops Up in This State To Help Buyers Nab Their First Homes
A new housing trend in Utah is emerging, offering affordable options amid skyrocketing home prices, with the median list price in Salt Lake City at $550,000. Local employers are struggling to find workers due to high property costs. Homebuilder BoxHouse in St. George...
Get Your House Market-Ready
Consult a REALTOR®: A local agent helps price your home correctly and attract potential buyers. Complete Repairs: Fix any outstanding issues, like leaky faucets or worn-out flooring, for a polished look.
Conditions That Make or Break Your Home Contract
Specify mortgage details, interest rates, and loan types to avoid issues with earnest money deposits. Want seller assistance with closing costs? You must ask for it in your offer!
Does Home Insurance Shield Hurricane Damage?
Dwelling and personal property coverage repair your home and replace belongings, subject to policy limits and deductibles. Hurricane deductibles differ: Typically 1–5% of dwelling coverage, significantly impacting your out-of-pocket costs.
Utah rent increase proposal fails for third year in a row
A bill in Utah aimed at requiring landlords to provide 60 days' notice for rent increases was rejected for the third consecutive year, with a tied vote in the House Business, Labor, and Commerce Committee. Supporters argued it would benefit renters, but the...
Happy Presidents’ Day
Presidents' Day celebrates all past and present U.S. presidents. It reflects on the nation's founding principles and values, including the Constitution and union. Reading of Washington's Farewell Address by a U.S. senator remains an annual event for...
Utahns agree housing is a problem. What they don’t agree on is why
A recent survey by Envision Utah reveals that over two-thirds of Utah residents believe the state faces serious housing issues, yet many are unclear about the causes. Key factors identified include rising interest rates, construction costs, and an influx of new...