Latest Stories

Will fewer homes than expected be sold in the US this year?
Lisa Riley Roche, Deseret News | Posted April 14 - 9:36 p.m.
This was supposed to be the year the U.S. housing market rebounded. And now an expert is stepping back from his optimistic prediction, thanks in part to the Iran war.

Utah's housing crisis: New projects tackling affordability
Deanie Wimmer, KSL | Posted April 12 - 8:00 p.m.
Nearly 600 families will have access to affordable housing due to an $8 million loan program that Salt Lake City is launching to help build new developments.

Where does Salt Lake City rank in a list of the hottest housing markets?
Lisa Riley Roche, Deseret News | Posted April 11 - 3:01 p.m.
The once red-hot Salt Lake housing market has cooled down considerably, so much so, a recent report says it ranks No. 88 out of 127 housing markets nationwide.

Did mortgage rates just drop after climbing for 5 weeks?
Lisa Riley Roche, Deseret News | Posted April 10 - 9:35 a.m.
Mortgage rates are heading down again as the Federal Home Loan Mortgage Corporation reported a 0.09% drop to 6.37% on Thursday, but experts say the reprieve might not last.

Switchpoint breaks ground on new Salt Lake City housing as demand continues to grow
Alex Cabrero, KSL | Posted April 9 - 6:02 p.m.
Construction for a new Salt Lake City housing project was officially underway Thursday.

Are mortgage rates still going up in the US?
Lisa Riley Roche, Deseret News | Posted April 4 - 6:29 p.m.
Mortgage rates were up again for the fifth straight week. Will the trend continue?

Utah homebuying: Mortgage rates reach new high since start of war in Iran
Daniel Woodruff, KSL | Posted April 3 - 12:20 p.m.
Mortgage rates are now at their highest level in months, with the average rate for a 30-year fixed mortgage rising to 6.46% just as the spring buying season gets underway.

Record number of home sales contracts canceled nationwide
Lisa Riley Roche, Deseret News | Posted April 2 - 8:05 a.m.
Deals to buy homes in the U.S. recently fell through at a record rate, and the nation's house hunters are "feeling jittery because of economic and geopolitical uncertainty."

Salt Lake City has a housing shortage. Will expanding housing options fix affordability?
Carter Williams, KSL | Posted April 1 - 5:07 p.m.
Salt Lake City is seeking to shake up its residential zones, which could allow for more housing types across a third of the city, as it aims to handle affordability hurdles.

Mortgage rates keep going up as war continues
Lisa Riley Roche, Deseret News | Posted March 21 - 5:43 p.m.
Mortgage rates continue to climb for a third week thanks to the turmoil in the Middle East. How long will it last?

Report shows how 'shared equity' programs can help Utahns buy homes
Lisa Riley Roche, Deseret News | Posted March 21 - 10:31 a.m.
Government programs can go only so far in helping Utahns buy homes, but there are other options available that involve private investors, according to a new report.

Cox signs bills on open carry for firearms, taxes for adult content online
Bridger Beal-Cvetko, KSL | Posted March 20 - 7:11 p.m.
Gov. Spencer Cox signed an additional 74 bills on Thursday, including provisions about carrying firearms on college campuses and adding taxes for adult content online.

Will Trump executive orders on home affordability affect Utah?
Lisa Riley Roche, Deseret News | Posted March 20 - 7:28 a.m.
A pair of executive orders recently signed by President Donald Trump that are intended to make home buying more affordable may take some time to have an impact in Utah.

'The Homerun Project' seeks to help with housing crisis by renovating a home for giveaway
Emma Benson, KSL | Posted March 15 - 5:45 p.m.
At a time when owning a home seems out of reach for many, a group of friends is trying to make the "American dream" possible.

Salt Lake construction underway for student housing at old OfficeMax site
Logan Stefanich, KSL | Posted March 15 - 9:02 a.m.
Developers on Wednesday broke ground on a new off-campus student housing development in Salt Lake City for University of Utah students.

Mortgage rates continue to rise amid 'oil shock'
Lisa Riley Roche, Deseret News | Posted March 13 - 7:28 a.m.
Mortgage rates were up again this week as the economy continues to respond to the ongoing U.S. war in Iran.

How is the war in Iran affecting mortgage rates?
Lisa Riley Roche, Deseret News | Posted March 9 - 6:46 a.m.
Mortgage rates are heading up again after falling below 6% for the first time since 2022 as the market faces the prospect of a new war in the Middle East.

Here's what the Utah Legislature did this session
Bridger Beal-Cvetko, Daniel Woodruff, Tim Vandenack, Carter Williams and Logan Stefanich, KSL | Posted March 7 - 12:44 a.m.
The Utah Legislature has adjourned following a 45-day session dealing with taxes, housing, courts, immigration and a host of other issues.

For the first time since 2022, average long-term mortgage rate dips below 6%
Alex Veiga, Associated Press | Posted Feb. 26 - 3:40 p.m.
The average long-term mortgage rate slipped this week below 6% for the first time since late 2022, good news for home shoppers as the spring homebuying season gets rolling.

Should tenants get more notice of rent increases? Bill stalls for 4th year in a row
Bridger Beal-Cvetko and Daniel Woodruff, KSL | Posted Feb. 25 - 4:42 p.m.
Lawmakers paused a bill that would require landlords to give tenants 60 days' notice if rent is increasing.

A win-win? Utah revisits discussion of public land for housing — with a narrower scope
Carter Williams, KSL | Posted Feb. 24 - 10:00 a.m.
Measures to turn public lands over to local entities were met with widespread opposition last year, but a Utah legislative committee agrees there can be positives from the concept.

'The status quo is not working': Lawmakers reject plan designed to build more starter homes
Daniel Woodruff, KSL | Posted Feb. 23 - 11:46 a.m.
Utah's zoning practices have made homebuilding more expensive and burdensome, according to a Republican lawmaker, who is urging support for a bill he says will build more starter homes.

How this old medical office became a unique housing project in Salt Lake City
Carter Williams, KSL | Posted Feb. 11 - 10:44 a.m.
An aging medical office building was recently converted into much-needed affordable housing in Salt Lake City's east side.

Utah Senate president claims his homebuyer program has led to cheaper rents
Daniel Woodruff, KSL | Posted Feb. 11 - 8:05 a.m.
Senate President Stuart Adams said on Tuesday he wants another $10 million for the state's first-time homebuyer assistance program, but researchers say the data tells a different story.


