This spring, the Utah Foundation said an analysis found that Californians moving to Utah don’t 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.
“However, the increase in demand is actually due in part to fewer residents than normal leaving – particularly in the Salt Lake area – thus pushing up housing costs and rent,” wrote Christopher Collard, a senior analyst with the Utah Foundation.
View Article