Utah Housing Bubble Unlikely

Northern Wasatch Association of RealtorsAdvice

Shauna Ray2021 President, Northern Wasatch Association of Realtors A new report is shedding light on why Utah’s home prices are rising so fast — and it’s not because of a housing bubble. Rather, the rapid increases are the result of a housing supply shortage and pandemic challenges that fueled demand for homes. The findings are part of a new research report from the Kem C. Gardner Policy Institute at the University of Utah. “The State of the State’s Housing Market” report, written by James Wood and Dejan Eskic, details both the history of Utah real estate as well as current housing conditions in the existing, new and rental markets.  “Our research confirms that Utah is in the midst of a housing …

What To Do If You Can’t Pay Your Rent

Northern Wasatch Association of RealtorsAdvice

Shauna Ray2020 President, Northern Wasatch Association of Realtors Earlier this month, the Centers for Disease Control and Prevention issued a temporary eviction ban for areas of the country experiencing a rapid spread of COVID-19. If you or someone you know is having trouble paying your rent because of the pandemic, here’s what you need to know about the new moratorium. How it works             To stay in your rental, you must first fill out the CDC declaration form and submit it to your landlord. This declaration will help you determine whether the moratorium applies to your situation. It also outlines your responsibilities. To qualify, your income cannot exceed a certain threshold and you must have a substantial loss in income …