A record number of homes sold in Utah during the month of April, even as the median sales price jumped nearly 27% over the last year, according to a report released by the Utah Association of Realtors.

If you have been in the market for a new place to call home in Utah, then you likely know how tough it is to be a buyer right now — faced with sky-high prices and homes selling like hotcakes.

A year after the pandemic disrupted supply chains and emptied grocery store shelves, Utahns are still feeling pain in the checkout line as food prices continue their upward march.

The City of South Jordan and Ivory Homes announced the completion of nine new affordable homes for city and local school district employees through a workforce housing collaboration. 

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.