Housing market correction won't fix Utah housing shortage

📆 21.10.2022 18:25:00

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Yes, home prices are correcting as higher mortgage interest rates clamp down on demand. But it's not erasing Utah's housing shortage — and that means Utah's housing affordability crisis isn't going anywhere.

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Home Buyers Having Easier Time Bidding as Soaring Interest Rates Price More Out of Market“Now we're seeing our buyers, you know, get their offers accepted, they don't have to compete with 20 other people and all-cash offers,” a San Diego realtor said.
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