Labor shortages have plagued most real estate sectors since the great financial crisis. The US housing market has faced a shortage of housing supply over the past decade, contributing to a steady decline in housing affordability.
Property taxes create a burden for homeowners that can be particularly problematic when there are surprises in the amount owed. This property tax risk can lead to financial distress and sometimes foreclosures.
Work-from-Home (WFH) technology is reshaping our urban landscapes and economies. It’s creating a ripple effect across diverse worker categories, including those tethered to physical workplaces, hybrid workers, and fully remote workers.
The meeting focused on property taxes, school funding, and fiscal policies. Additional topics focused on intricacies of property taxes in Utah, impacts on housing affordability, and tax policy fairness and effectiveness.
The Kem C. Gardner Policy Institute, in partnership with the Ivory-Boyer Real Estate Center, tracks building permit activity across the state, publishing the quarterly Ivory-Boyer Construction Report and maintaining the Ivory-Boyer Construction Database.
The pandemic years created unmatched volatility in Utah’s housing market. The volatility in these past two years surpassed 50 years of housing history.