- Utah’s governor admits efforts to lower housing prices are ineffective amid high demand.
- Salt Lake County’s single-family home prices hit a record $645,000 despite initiatives.
- Gov. Spencer Cox aims for 35,000 starter homes by 2028 but progress remains slow.
SALT LAKE CITY — Utah’s governor says the steps taken to reduce housing prices in the state are not working.
As KSL reported, Salt Lake County recently hit a record-high median sales price of $645,000 for a single-family home, despite high mortgage rates and economic uncertainty.
It’s also notwithstanding the state passing numerous bills over the last few years – and announcing multiple new initiatives – aimed at trying to move the needle on prices…