KSL TV
SALT LAKE CITY – It s a common story heard throughout Utah s housing industry: Californians are arriving with plenty of cash in hand, outbidding local homebuyers and driving up the costs of housing; but an analysis by the Utah Foundation finds that does not seem to be the reason for steep increases in home and rental prices. Why are we seeing these increases? The Utah Foundation has looked whether it might be due in part to any influx of Californians. That does not seem to be the answer, the report stated.
The rate of people moving into Utah s larger metropolitan areas is actually down, the report went on to say.
Californians not responsible for soaring Utah housing prices, study claims
FOX 13
and last updated 2021-04-08 18:55:21-04
SALT LAKE CITY â A new study says Californians are not the reason for Utah s rising home prices.
The
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New York Times report earlier this year blamed Californians for Idaho s home prices rising 20 percent in 2020. According to the article, a mayoral candidate for one city even campaigned on keeping California residents out of the state.
Many California residents are now able to leave behind the high price of home ownership on the Pacific Coast and work from other locations due to remote access. But The Utah Foundation s study says fewer people, including Californians, actually moved to the Salt Lake metro area during 2020.
HOLLADAY Before building a new home in Holladay, Steve Tachiki glanced over his property records to make sure the changes wouldn t get him into trouble.
On the second page of a housing covenant, he found a different sort of requirement, barring anyone other than the caucasian race from owning a home on the property. It was a relic from more than 70 years ago, when racial discrimination was expressly permitted in Utah. It s kind of one of those things where if you re having a dinner party, it s something you kind of pull out and say, Check this out, said Tachicki, who is Japanese American.
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