Skyrocketing home prices in Cache County are rapidly transforming a local economy long celebrated for its low cost of living, and to hear real estate agents tell it, the trend is leaving young first-time homebuyers in the lurch.
“It’s a serious problem,” said Grey Wilson of Dwell Realty Group. “Home prices have more than doubled in the last 10 years, and incomes really haven’t changed that much, especially when you average in the cost of living and health care and food and everything else. We are pricing our buyers out of the market. It’s really sad.”
To illustrate the problem, Wilson offered one example from the local townhouse market, which is where many first-time homebuyers get their start. Read the rest of the story on HJnews.com.
This story is made possible thanks to a community reporting partnership between The Herald Journal and Utah Public Radio.
