Home sales rose in September, but slowed from a year earlier as mortgage rates, prices rose

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Homeless shelters prepare for winter demand

Homeless shelters prepare for winter demand

Shelby Lofton, KSL  |  Posted Oct. 13 - 12:07 p.m.

A homeless shelter on Redwood Road was at full capacity Monday night as rain and colder temperatures drove more people indoors and service providers prepared for winter weather.
'Severely unaffordable': Housing prices, cost of living plague Utah quality of life survey

'Severely unaffordable': Housing prices, cost of living plague Utah quality of life survey

Logan Stefanich, KSL  |  Posted Oct. 12 - 2:42 p.m.

A report from the Utah Foundation released Monday said Utah's quality of life is at its lowest point since the survey was first administered 15 years ago.
KSL Truth Test: Fact-checking debate claims in Utah's 4th Congressional District

KSL Truth Test: Fact-checking debate claims in Utah's 4th Congressional District

Daniella Rivera, KSL and Daniel Woodruff, KSL  |  Posted Oct. 9 - 6:32 a.m.

Republican Congressman Mike Kennedy and Democrat Jonny Larsen debated Thursday evening at Snow College in Ephraim. Did their statements stand up to the Truth Test?
'The cost of growth': Salt Lake City to raise utility impact fees for first time in 27 years

'The cost of growth': Salt Lake City to raise utility impact fees for first time in 27 years

Carter Williams, KSL  |  Posted Oct. 9 - 6:16 a.m.

Salt Lake City is changing the utility impact fee rate structure for the first time since just before 2000.
Home price cuts hit September record

Home price cuts hit September record

Lisa Riley Roche, Deseret News  |  Posted Oct. 7 - 4:35 p.m.

The share of U.S. home sellers cutting prices just hit a new high for September.
Treasury bond yields spike. What it means for home mortgages

Treasury bond yields spike. What it means for home mortgages

Art Raymond, Deseret News  |  Posted Oct. 4 - 7:30 p.m.

Ten-year Treasury yields briefly surpassed 5.3% Thursday, surpassing a mark not seen since 2002 before settling back to a rate of just over 5.25%, which could have effects on mortgages.
'Kind of crazy': Mortgage rates soar, hurting housing affordability

'Kind of crazy': Mortgage rates soar, hurting housing affordability

Daniel Woodruff, KSL  |  Posted Oct. 2 - 9:45 a.m.

The cost of homebuying is going up as mortgage rates have hit their highest level in several years.
Where's the most favorable market for Utah homebuyers?

Where's the most favorable market for Utah homebuyers?

Lisa Riley Roche, Deseret News  |  Posted Sept. 30 - 10:22 a.m.

The best place for homebuyers to get a deal in Utah? It's Hurricane, Washington County, according to a new analysis.
Did mortgage payments just get a little lower for new homebuyers?

Did mortgage payments just get a little lower for new homebuyers?

Lisa Riley Roche, Deseret News  |  Posted Sept. 29 - 9:33 a.m.

Americans applying for mortgages in August saw a slight decrease in the size of a typical monthly payment from the previous month, a new analysis shows.
Mortgage rates just keep climbing

Mortgage rates just keep climbing

Lisa Riley Roche, Deseret News  |  Posted Sept. 25 - 12:02 p.m.

Mortgage rates are continuing to go up. And the added expense comes at a time when homeownership is increasingly out of reach for many Americans.
Here's a chance to tour some of the luxury homes for sale in Utah

Here's a chance to tour some of the luxury homes for sale in Utah

Lisa Riley Roche, Deseret News  |  Posted Sept. 25 - 10:43 a.m.

Here's how you can see the over 100 properties in Utah where open houses are scheduled this weekend by Summit Sotheby's International Realty that have a hefty price tag.
Salt Lake City's contentious housing options proposal receives key endorsement

Salt Lake City's contentious housing options proposal receives key endorsement

Carter Williams, KSL  |  Posted Sept. 23 - 10:29 p.m.

A proposed ordinance to allow more housing types within the vast majority of Salt Lake City's residential neighborhoods received a key endorsement.
Here's where homebuyers are more likely to get concessions

Here's where homebuyers are more likely to get concessions

Lisa Riley Roche, Deseret News  |  Posted Sept. 22 - 5:16 p.m.

Nearly 45% of home sellers in the U.S. provided concessions to buyers this summer, according to a new analysis by the online real estate brokerage Redfin. Where did it happen most?
Here are the best states for saving up to make a down payment on a home

Here are the best states for saving up to make a down payment on a home

Lisa Riley Roche, Deseret News  |  Posted Sept. 19 - 6:33 p.m.

Higher incomes and lower prices is a combination that makes it easier to save up to buy a home, but where does Utah rank in its ability to make it easier to do so?
How much more will mortgage rates go up?

How much more will mortgage rates go up?

Lisa Riley Roche, Deseret News  |  Posted Sept. 19 - 7:11 a.m.

After mortgage rates brushed 7% this past week, people are nervously asking how much more they may rise after the Federal Reserve raised interest rates on Wednesday.
Rising rates push Utah homeownership further out of reach

Rising rates push Utah homeownership further out of reach

Debbie Worthen, KSL  |  Posted Sept. 18 - 9:02 p.m.

The Federal Reserve's latest interest rate hike is creating new challenges for Utah families already struggling with housing affordability.
Commission delays housing proposal vote that has Salt Lake City residents split

Commission delays housing proposal vote that has Salt Lake City residents split

Carter Williams, KSL  |  Posted Sept. 10 - 8:08 a.m.

Despite delaying a vote over a proposal to amend zoning to allow more housing options in Salt Lake City's residential areas, the city's Planning Commission still got an earful.
Utah housing study shows 91% of renters priced out of homeownership

Utah housing study shows 91% of renters priced out of homeownership

Daniel Woodruff, KSL  |  Posted Sept. 9 - 9:48 a.m.

The State of the State's Housing Market report, published by the Kem C. Gardner Policy Institute at the University of Utah, was released on Wednesday.
Here's how the rental insurance offered by your landlord leaves you exposed

Here's how the rental insurance offered by your landlord leaves you exposed

Matt Gephardt and Sloan Schrage, KSL  |  Posted Sept. 8 - 9:04 p.m.

If you think the convenient coverage offered by your landlord covers your stuff in case of an unexpected event, here's why you're in for a nasty surprise.
Why Salt Lake City wants to make it easier for second homes to be built on lots

Why Salt Lake City wants to make it easier for second homes to be built on lots

Carter Williams, KSL  |  Posted Sept. 6 - 4:07 p.m.

A proposed zoning ordinance in Salt Lake City seeks to make it easier for homeowners on larger lots to build second homes is among the latest ideas for increasing housing stock.
Advice for Utah homebuyers as rates near previous highs

Advice for Utah homebuyers as rates near previous highs

Lisa Riley Roche, Deseret News  |  Posted Sept. 4 - 9:04 p.m.

The days of mortgage rates below 7% may be numbered. The weekly average rate for a 30-year fixed-rate mortgage in the U.S. jumped to 6.71% on Thursday.
New affordable housing development breaks ground in Salt Lake City

New affordable housing development breaks ground in Salt Lake City

Annette Campbell, KSL  |  Posted Sept. 4 - 10:31 a.m.

City leaders and developers broke ground Thursday on a new affordable housing project aimed at helping working families stay in Salt Lake City as housing costs continue to rise.
Utah company aims to turn homeownership into an employee benefit

Utah company aims to turn homeownership into an employee benefit

Daniel Woodruff, KSL  |  Posted Sept. 2 - 8:06 p.m.

A Provo startup, NestSteps, wants to help fill the gap in housing attainability where other efforts have fallen short.
Inflation and the economy are top issues for Utah voters heading into the midterms

Inflation and the economy are top issues for Utah voters heading into the midterms

Cami Mondeaux, Deseret News  |  Posted Aug. 30 - 10:01 a.m.

The high cost of living drove the top concerns for Utahns heading into the midterm elections as more voters are unsure which party they'd be more likely to support in head-to-head races.
Are mortgage rates creeping up again?

Are mortgage rates creeping up again?

Lisa Riley Roche, Deseret News  |  Posted Aug. 29 - 8:30 p.m.

Mortgage rates are moving slightly, but not in the direction homebuyers want to see.