“When my own kids can't afford to buy a home in the community where they grew up, something is fundamentally wrong. Housing is a family issue, and I'll fight for Utah families.”
— Nicole Melling
The American Dream of homeownership is slipping out of reach for too many Utah families. Home prices have skyrocketed, and a significant portion of available housing is being scooped up by corporate investors rather than by the families who need it.
The Facts
~25% of home purchases
were made by investors in the Salt Lake metro area at the 2023 peak, according to John Burns Research and CoreLogic. This figure has since declined to approximately 7%.
Source: John Burns Research / KSLHousing costs rising faster than wages
Utah home prices have outpaced income growth, making homeownership increasingly difficult for middle-income families
Source: Gardner Policy InstituteStarter home shortage
The supply of homes under $350,000 in the Wasatch Front has shrunk dramatically, pushing first-time buyers further from employment centers
Source: Utah News Dispatch