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Housing Affordability Crisis Deepens | Salt Lake City News
Even with zero percent mortgage rates, homes in places like St. George, Utah, remain unaffordable for median earners—because property taxes, insurance, and principal alone swallow up most of their income. A national study of 364 metro areas found 42 places where no interest rate would make homeownership feasible, with Salt Lake City needing rates as low as 2.29% to reach affordability. California leads the nation in housing unaffordability, proving that lowering rates alone won’t fix the crisis—base costs are the real problem. Listen in comfort:Get a discount on a Soli Pillow…
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