Video: More people are renting their homes than buying in Utah and nationwide
Dec 4, 2024, 4:35 PM | Updated: 4:39 pm
Today could be considered a renter’s market. In both the United States and Utah, more people are renting their homes than buying them.
There are two reasons that more are renting, said Utah Foundation President Shawn Teigen: the cost of homes and the cost of borrowing money. Teigen said Americans and Utahns have rediscovered their patience.
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