From the Ground Up: Affordable Housing Investments and Initiatives
According to the Federal Reserve, in 2015 the average home value in Utah was just over $230,000. Ten years later, the average home value has more than doubled to an average price of $530,000. While 2015 to 2020 provided steady, moderate growth, the last five years were marked by the profound impacts of the pandemic and interest rates. As can be seen in the graph below, the interest rate increase in 2022 changed the trajectory of the market from the rapid ascent that began in mid-2020, returni...| Budget | Utah Legislature
