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2021-01-12
Growing Concern for Housing Affordability
The increase in housing prices is excluding more families from homeownership. Despite the in the mortgage rate, the monthly payment for the median-priced home in Salt Lake County has increased from $1,743 in 2015 to $2,416 in 2020 (Figure 6). Both property taxes and private mortgage insurance are based on the price of the home. For the buyer of the median-priced home in 2020, the property taxes are nearly $100 higher than in 2015, and the monthly cost for private mortgage insurance is $127 higher. These increases pretty much wipe out the savings from lower interest rates. In 2015 it took an income of $70,000 to buy the median priced home in Salt Lake County. Five years later, it takes an income of $97,000, an increase of 39% in five years.
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2021-01-12
Utah's Extraordinary Growth in Jobs and Population

2021-01-12
Salt Lake County’s Housing Shortage

2021-01-12
2020 Single-Family Home Prices up 11.8%

2021-01-12
Growing Concern for Housing Affordability

2021-01-12
Utah's 2021 Economic Forecast

2021-01-12
Outlook for Mortgage Rates

2021-01-12
Salt Lake County Housing Forecast for 2021

2020-01-29
Median Single Family Home Prices in Salt Lake County increase to $378,000 in 4th quarter 2019

2019-01-28
The Gamble of Overpricing Your'e Home

2017-10-30
Salt Lake County single-family home median price reaches $330,000

2017-08-28
Most Salt Lake County Homes Sell for Under $350,000

2017-08-07
Median Single Family Home Prices Reach $327,000 in Salt Lake County

2017-02-07
Is There a Housing Bubble?

2017-02-07
Predictions for 2017: Total Residential Home Sales

2017-01-31
Q 4 Housing Report

2016-02-11
2016 Forecast for Salt Lake area Housing Market

2016-01-25
Local Home Sales Data 4th Quarter 2015

2015-04-27
Mistakes people make when selling a home

2015-04-27
Save for down payment or buy a home now?

2015-04-27
Salt Lake Home Sales Climbed 16% in the First Quar

2015-02-06
Salt Lake County housing market positive for 2015

2015-01-15
FHA Mortgage Insurance Premiums Reduced by 0.50%

2014-02-05
Salt Lake Housing Prices Returning near 2007 Highs

2014-01-27
Salt Lake home sales in 2013 are highest on record

2013-10-31
Condo sales at a 7 year-high

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