When we get to a certain point in life, we have a tendency to look back and see what maybe we left behind, what did we help make better or mess up? Well, I get to wonder about mine now. A new report out listing the most unaffordable counties in the country for housing includes in the top ten the two counties I worked my entire career in – Davis and Salt Lake! Yeow!
Here’s an excerpt:
The report says Davis County has a home appreciation price of 34.1% in the last three years. The homes in Davis County cost 73% of one’s income. The median income of a Davis County resident is $36,597 with a median home price of $428, 765.
Salt Lake County has a 38.7% home price appreciation in the last three years with homes costing as much as 77% of a resident’s income. The median home price in Salt Lake County is $449, 365.
Anyone still doubting there’s a housing affordability crisis in our pretty, great state?
You can see the entire report here https://www.moneygeek.com/mortgage/analysis/unaffordable-us-counties-for-homeownership/
