Home prices in Utah continued moving higher as the median sales price reached a record high of $405,000 in March, according to data compiled by the Utah Association of Realtors.

With the price of lumber skyrocketing, real estate experts are warning homebuyers to pay close attention to contracts with builders and understand who is responsible for rising construction costs.

It’s a common story heard throughout Utah’s housing industry: Californians are arriving with plenty of cash in hand, outbidding local homebuyers and driving up the costs of housing; but an analysis by the Utah Foundation finds that does not seem to be the reason for steep increases in home and rental prices.

Homebuyers in the Beehive State are facing intense competition and bidding wars due to strong demand and a lack of available homes for sale, according to real estate experts.

Demand isn’t the only thing driving up the cost of a new home. Out-of-control lumber prices have added tens of thousands of dollars to the price of construction, according to a national analysis.  

Throughout the past year, we have been reporting on an eviction crisis: renters who lost their jobs have faced losing their homes too. Now, some frightening new numbers show homeowners are also worried about making their housing payments.

After a rough year for commercial office space in Utah, analysts expect optimism and demand to return to the market in 2021.

Before the pandemic, finding child care during summer months was difficult and expensive. It could be worse this summer, as child care providers recover from slashed capacity and funding.

Dozens of renters in Salt Lake City found eviction notices on their doors last weekend, telling them their building had been sold and they had until the end of this month to be out.

Women abandoned the workforce at an alarming pace in September, raising new fears that women are bearing the brunt of the pandemic and that it could have lasting impacts on their careers.