There are strong signs rising interest rates have started to affect housing markets on the Wasatch Front amid a shortage of available homes and spiking demand.
With rates now piercing about 6% in some cases on the standard 30-year mortgage, data suggests sales of single-family homes, condominiums, town houses and other options continue to fall year over year and the number of available listings is on the rise. Prices in some areas are inching downward but not by enough — at least not so far — to counteract steady declines in sales. Rents, at the same time, are going up at record rates.
As part of ongoing reporting on Utah’s housing crisis, The Salt Lake Tribune is interested in talking to folks who are looking for homes to buy on how the latest picture is affecting their search.
Are you one of them? Please complete the survey below, and feel free to skip questions that aren’t relevant to you. If you’re willing to be interviewed about your responses, a Tribune reporter may contact you with further questions.
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