Utah’s housing marketing continues to rise and since 2010, Utah has one of the nation’s most rapid growing populations. Meanwhile, household incomes are not keeping pace with the rising prices in the housing market.
Zillow estimated home values in Utah to have gone up 11.2% over the past year alone.
As the housing market prices rise, it is natural to have concern when contemplating affordability living in Utah.
Derek Miller, president and CEO of the Salt Lake Chamber and Downtown Alliance states, “As a business community, we’ve had great success when we’ve worked together to address other issues like transportation and education…In a similar fashion, we’ve organized the Housing Gap Coalition to proactively address housing affordability before it becomes a crisis.”
At JThomas Homes, we will hold true to our promise by delivering luxury homes without the high price tag during this time in Utah. In fact, we have two new developments coming soon such as the Highland Fields and Simpson Hollow to help families find a comfortable but also affordable home to settle in.
With over 30 years of homebuilding experience, we have seen the ups and downs of the housing market in Utah and as experts at new home construction, we offer the best service when helping you build the home of your dreams at an affordable cost.
As a medium-sized home builder, we have the volume to build homes at a lower cost and we pride ourselves on passing those savings onto you.
Call us to learn more about how we can help you find your home without the high costs: 801-383-1911 or visit our website here www.jthomashomes.com.
References:
https://www.zillow.com/ut/home-values/
https://www.thespectrum.com/story/news/2018/05/01/study-utah-faces-housing-shortage/569278002/
