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Buying a home brings fear and trepidation in hot markets

SALT LAKE CITY For Brian Fleming, buying a first home didn t start out being very worrisome, as he and his wife had been diligent about saving for it after getting married in 2019. When they started the homebuying process in earnest, they thought they knew exactly what they wanted then market realities set in. And it s not just first-time young buyers who are finding house shopping a daunting task this year. James Mackie, 33, and his wife are now living in their third house since getting married after college. In the past with my home purchases, it was either a buyer s market or more of a neutral market where you can ask for things and you re not having to take these big risks that you are currently, Mackie said.

Utah treasurer announces he s stepping down to become public mortgage lender s next CEO

SALT LAKE CITY Utah State Treasurer David Damschen announced Monday he will step down from his elected position later this month to lead the Utah Housing Corporation. Damschen, who was re-elected in November, will leave office on April 30 after serving as the state treasurer since 2015, state officials said. I am grateful for the opportunity I have had to serve as treasurer of our great state, Damschen said in a statement. It has been an honor and a privilege to work alongside other state leaders to ensure Utah remains a leader in the nation for its broad fiscal and economic strength, to provide resources to empower Utahns to achieve financial and economic success and to protect individual property rights.

Damschen the treasurer of Utah will resign to be CEO of the Utah Housing Corporation

| Updated: 9:46 p.m. State Treasurer David Damschen announced Monday he would resign at the end of the month to become the president and CEO of the Utah Housing Corp. Damschen was appointed chief deputy treasurer for Utah in 2009. He became treasurer in 2015 after then-Treasurer Richard Ellis resigned, and he was elevated to the job by Gov. Gary Herbert. He won reelection to the position in 2016 and 2020. Under state law, the Utah Republican Party Central Committee gets to nominate three possible replacements for Damschen. Gov. Spencer Cox will make the final decision. Whomever is appointed by Cox won’t have much time to get acclimated with the new job. She or he will have to run in a special election next year to fill the remaining two years in Damschen’s term.

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