“We’re going to have a perfect storm where there are going to be a lot of families that aren’t going to have a place to live as we move into October, November, and December."
Is it better to rent or buy? Is it the right time to buy? These are the questions facing Utahns as the Utah housing market fraught with record high home prices and rising rent rates, combined with rising U.S. mortgage rates is stretching some families to breaking point. This Utah family is scraping together, each working multiple jobs, to afford buying a townhome with a nearly $400,000 price tag.