Video: More people are renting their homes than buying in Utah and nationwide

December 04, 2024 (KSL TV5)

Today could be considered a renter’s market. In both the United States and Utah, more people are renting their homes than buying them.

There are two reasons that more are renting, said Utah Foundation President Shawn Teigen: the cost of homes and the cost of borrowing money. Teigen said Americans and Utahns have rediscovered their patience.

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