Yikes! According to the National Association of Realtors, the Salt Lake City metro area is pretty low on the affordability list.
SLC ranked 78 out of the 100 largest metro areas 😫, and this was as of July 2020, so I can only imagine it’s even worse now.
If you currently own a home then congrats! Your equity is skyrocketing right now! But this market is taking a serious toll on homebuyers on the state.
If you’re thinking of buying, I highly recommend getting an amazing lender and Realtor behind you. The right professionals can make all the difference for you, and also make sure you’re asking about down payment grants and assistance programs!
DM me with any questions!
Info and graph from: https://www.nar.realtor/research-and-statistics/housing-statistics/realtors-affordability-distribution-curve-and-score