Utah’s Housing Crisis Deepens | Salt Lake City News

Utah’s housing crisis is heating up — median home prices hit $520K, making it one of the nation’s most expensive states. While homeownership rates still outpace the national average, that gap is narrowing fast, creating a generational divide where younger folks are stuck renting. Developers keep building big, luxury homes on tiny lots — ignoring affordability. The pandemic doubled mortgage payments, and with Utah’s population projected to swell to 4 million by 2035, we’ll need 280,000 new homes — but at what cost? Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0d5cce9ef84a6028