Have a Heart Homes Helps Address the Crises in Affordable Housing

Northern Wasatch Association of Realtors Advice

Readers of this column and those of you who have been following other numerous media reports over the past few months know that there is a critical shortage of affordable housing in northern Utah. In fact, one recent report shows that Utah has a need for 43,000 affordable housing units, posing an almost insurmountable challenge. And while the affordable housing crises is especially acute right now, your local Realtors and Home Builders have been addressing the situation since 1998 with our Have a Heart Homes non-profit foundation. Nearly every year, Realtors and Home Builders in Northern Utah have secured an affordable lot, engaged a home builder, and raised funds to help offset the costs of construction. The general contractor and …

Breaking ground in Layton. Have A Heart Home today!

Northern Wasatch Association of Realtors event

We were excited to break ground on our Layton Have A Heart Home today! Thank you to Mainline Construction, The Homebuilders Association, and the Community Outreach Committee! We are still currently accepting applications for this home. The application is available on our website HERE. Please email applications to Shayla@4e1.14d.myftpupload.com

Navigating the Housing Shortage

Northern Wasatch Association of Realtors Advice, Update

Utah is one of the fastest-growing states in the nation. While that’s great news, it also means it’s a challenge for the supply of homes to keep up with the demand. There’s a housing shortage, and affordability is a big concern for those wanting to buy. A recent Associated Press study analyzed five years of data and found there’s a growing shortage of affordable housing in the Beehive State. Utah has reached the 3 million population mark and has one of the best economies in the nation, yet that growth has pushed up prices and limited the number of homes for sale. There was a five-year decline in housing inventory between 2012 and 2017. In Salt Lake City, the drop …

Tips for Winning in a Seller’s Market

Northern Wasatch Association of Realtors Advice, Update

If you’ve been shopping for a home, you know it’s a seller’s market. Home prices are rising, the number of houses for sale is declining and properties are selling very quickly. In Weber County, the median sales price increased substantially in February — up 19 percent from last year to $200,000. In Davis County, prices rose 11 percent — an increase of nearly $25,000 from the median in 2016. The same conditions prevailed in Morgan County where prices were up and buyers had fewer housing choices. The current environment is the result of a housing shortage. In fact, the Kem Gardner Policy Institute at the University of Utah finds the number of new Utah households is now growing faster than …