In the News
The best place to stay up to date with current events and newsworthy information for the rental housing industry.
‘It’s an apartment crisis’: Rent prices continue to rise for Utahns
Nov 16th, 2021 - By Jordan Burrows - ABC 4 News
SALT LAKE CITY (ABC4) — Local economists say Utah is in the midst of an apartment crisis.
As supply chain issues persist and inflation is getting worse, Utahns are struggling to find affordable apartments.
Everywhere you look, prices have gone up.
The best advice ABC4 was told Tuesday was to act fast because apartment prices fluctuate daily; make sure renter’s read their entire renter’s agreement or contract and know things will get better just not this year.
“People want to be mad at the landlord, but it’s really the economy that’s the problem in the big picture,” said Utah Apartment Association executive director Paul Smith.
The economy is making things worse for renters in Utah. As housing prices hit historic highs, apartment prices are not too far behind.
“It’s much more expensive to operate an apartment than it has been in the past,” said Smith.
If you look at the apartment prices this year and last, you’ll see in 2021 apartment prices have risen 12 percent on average, but in 2020 it was a one percent average price hike. Meanwhile, home prices are up 24 percent this year, according to the Utah Apartment Association.
Smith said the state needs 55,000 more apartments to accommodate the rise in renters. . . . READ FULL ARTICLE HERE
National expert urges more 'middle housing' in Utah to help people afford homes
October 7th, 2021 - By Daniel Woodruff - KUTV
SOUTH JORDAN, Utah (KUTV) — A national expert is urging Utah cities to prioritize a certain type of housing that he says is too often missing. Daniel Parolek, who coined the term “missing middle housing” in 2011 and wrote a book about it, visited West Jordan Thursday to speak at a Salt Lake County Regional Solutions event. Parolek said having more middle housing can help more people afford homes.
“There’s a tremendous gap between the types of housing and lifestyles that a variety of different households want and need,” said Parolek, “and what’s being delivered really in any region, including this one.”
Parolek defined middle housing as units such as “a duplex, a triplex, or a four-plex, or a cottage court” – ideally in a walkable area – that fit in among single-family homes. Middle housing units were common before 1940, Parolek told 2News, but they largely dropped off after that, often due to strict zoning regulations. . . . READ FULL ARTICLE HERE
How does new apartment construction impact nearby home values?
October 4th, 2021 - By Justin Adams – Sandy Journal
Whenever a new multi-family housing development gets proposed these days, it seems to always draw opposition for a number of reasons. One given reason is a belief that such projects will lead to decreased property values for already existing homes in the area. But is that actually what happens?
A recent study from the Kem C. Gardner Policy Institute (from the David Eccles School of Business at the University of Utah) sought to find the answer to that question. The study looked at all Salt Lake County apartment buildings constructed between 2010 and 2018, then measured the change in value for homes located within half a mile of the new apartment buildings and homes more than half a mile away.
They found that single-family homes within half a mile of new apartment buildings appreciated slightly faster than single-family homes more than half a mile away (10% vs. 8.5%). . . . READ FULL ARTICLE HERE
How much is rent in Salt Lake County? It's up 12% from last year
September 26th, 2021 - By Katie McKellar - Deseret News
SALT LAKE CITY — Salt Lake County rent prices are indeed rising — but not as rapidly as home prices, according to the Utah Apartment Association.
Salt Lake County's median monthly rent cost increased to $1,389 in June, up 12% year over year, according to Realtor.com. In contrast, the median home price (of all housing types) across Salt Lake County climbed to $455,000 in the second quarter, up 23% from the second quarter of 2020, according to UtahRealEstate.com.
That shows Salt Lake County rent has increased at almost half the rate of home prices over the past year. . . . READ FULL ARTICLE HERE
Organizations coordinating resources for Afghan refugees arriving in Utah
September 17, 2021 - By Lauren Steinbrecher – Fox 13 News
SALT LAKE CITY — The State of Utah now has a better timeline on when the first group of Afghan refugees could arrive in the Beehive State. The Department of Workforce Services Refugees Services Office said Friday that refugees could land in Salt Lake City as early as the second week of October.
The state, along with multiple agencies and local organizations have been busy behind the scenes trying to coordinate resources, from employment to financial aid, to healthcare access, to goods and housing.
"We all saw the videos in Afghanistan of people rushing to get to the airport and trying to exit and leave," said State of Utah Refugee Services Office Director Asha Parekh. . . . READ FULL ARTICLE HERE
Rod Arquette Show, Biden's NEW Covid Vaccine Plan
September 9, 2021 – iHeart Radio
Paul Smith, Executive Director of the Utah Apartment Association joins Rod to discuss the Supreme Court’s decision to overturn the federal eviction moratorium and what that could mean for renters in Utah. LISTEN HERE
Salt Lake City apartments keep rising while rents show no sign of falling
September 8th, 2021 - By Tony Semerad - Salt Lake Tribune
With nearly 100 projects underway, vacancies remain so low that they’re barely measurable. If you’re searching for an affordable apartment in Salt Lake City right now, you may want to sit down before reading further.
Dizzying new numbers show the market for available rentals in Utah’s capital is tighter than ever. Vacancies in and around the state’s main population center haven’t been this low in 20 years and are far enough below 2% that economists are now having difficulty measuring the rate at all. . . READ FULL ARTICLE HERE
Group representing Utah landlords doesn't expect evictions to rise anytime soon
September 6th, 2021 - By Daniel Woodruff – KUTV
SALT LAKE CITY, Utah (KUTV) — A large group representing Utah landlords said it doesn't expect evictions will rise in the Beehive State for the foreseeable future, even though the federal eviction moratorium was struck down by the U.S. Supreme Court.
The Utah Apartment Association credits the state’s rental assistance program with helping renters stay up to date on payments.
“That makes it less likely that they'll be evicted, so it's win-win for everyone,” said Paul Smith, the association’s executive director, in an interview with 2News Monday. “The renter's rent gets paid, and the landlords are happy, too.”
The state received $215 million for rental assistance from federal COVID-19 relief funds. At last check, about a quarter of that money had been distributed – far higher than other states – with more coming later. . . READ FULL ARTICLE HERE
Supreme Court blocks Biden administration's eviction moratorium
"Congress never gave the CDC the staggering amount of power it claims," a group of landlords argued.
August 26th, 2021 - By Pete Williams – NBC News
WASHINGTON — The Supreme Court late Thursday blocked the Centers for Disease Control and Prevention from enforcing the federal moratorium on evicting renters during the coronavirus pandemic, a defeat for the Biden administration's effort to continue the moratorium even though the court had signaled that the action lacked the proper legal basis.
The current moratorium, which was imposed in early August, had been due to expire in early October. It was challenged by a group of landlords who argued that the CDC had no authority to impose such a restriction on its own.
They said the country's landlords have been losing as much as $19 billion a month. . . READ FULL ARTICLE HERE
Renters say expensive application fees and other unexpected costs make finding housing in Utah even more difficult
August 18th, 2021 - By Connor Sanders - Salt Lake Tribune
As renters look for places to live in Utah’s hot housing market, many are finding their search is complicated by new or increased fees.
Some report spending as much as $100 per person on application charges. Others say they were ignored by a prospective landlord after paying to apply. Added expenses include as much as $300 in administrative fees and $200 lease initiation fees, renters told The Salt Lake Tribune in an online survey.
And the list of fees can extend even further depending on the property management company. Some require renters to pay a fee for their parking space, for the keys to on-site laundromats and gyms, for maintenance of common grounds and security. . . . READ FULL ARTICLE HERE
Why millions in federal rent aid remains untouched — even in Utah — as moratorium clock ticks
August 17, 2021 - By Katie McKellar – Deseret News
“Dan Harmon, a 65-year-old retired firefighter on a fixed income, never thought he or his wife would ever need rental assistance.
“I’ve never done that. We’ve always been able to take care of ourselves,” he said. “I was a firefighter for 26 years. My dad was a colonel in the Air Force for 30 years, and we’ve never done anything like that. ... I told my wife, ‘We need to save that for other people that are in worse positions.’”
But the pressures grew over the last six years, then painfully sharpened in 2020.” . . . READ FULL ARTICLE HERE
IN FOCUS Discussion: Eviction moratorium – ABC 4 News
August 4th, 2021 - By Erik Nielsen, Rosie Nguyen - ABC 4 News
"SALT LAKE CITY (ABC4) – The COVID-19 pandemic brought an abundance of new challenges and barriers that impacted the quality of life and well-being for people around the world.
One of those issues were loss of financial income and inability to pay rent, which put millions of people in the U.S. in danger of being evicted from their homes. Another concern were people moving from place-to-place or filling homeless shelters during a time of high virus transmission." . . .
CDC Extends Eviction Moratorium To October In Most Counties
August 4th, 2021 - By John Triplett – Rental Housing Journal.com
"CDC Director Dr. Rochelle Walensky has signed an order to extend the CDC eviction moratorium saying the evictions of tenants for failure to make rent or housing payments could be detrimental to public health-control measures to slow the spread of the virus that causes COVID-19." . . . Read Full Article Here
Federal freeze on evictions ends amid housing crunch in Utah; aid still available
August 3rd, 2021 - By Annie Knox – KSL.COM
"SALT LAKE CITY — There was no immediate surge of eviction cases filed in Utah courts Monday after a nationwide moratorium lifted over the weekend, but advocates expect a wave in coming weeks and are already fielding calls from worried renters." . . . Read Full Article Here
As national eviction ban expires, a look at who rents and who owns in the U.S.
August 2nd, 2021 - By Drew Desilver – Pew Research Center
"The nationwide moratorium on evictions – put in place nearly 11 months ago by the Centers for Disease Control and Prevention as an emergency measure – expired this past weekend, although President Joe Biden has proposed extending it. The end of the moratorium, which was intended to protect tenants who couldn’t make their rent payments because of the COVID-19 pandemic, has alarmed tenant advocates, housing experts and others who fear that potentially millions of renters could be put out of their homes." . . . Read Full Article Here
Eviction moratorium is about to expire — here’s how to get help in Utah when it does
July 31, 2021 - By Katie McKellar – Deseret News
"The nationwide eviction moratorium is set to expire Saturday as President Joe Biden and Democrats in Congress scrambled but ultimately failed to align on a long-shot strategy in an eleventh-hour push to extend it." . . . Read Full Article Here
Inside Sources with Boyd Matheson KSL News Radio - The eviction moratorium ends
July 30, 2021 - The CDC's eviction moratorium will end tomorrow, meaning anyone who isn't paying rent may be forced to find another place to live. Paul Smith, Executive Director of the Utah Aparment Association, joins us to discuss how this will impact Utah renters and what the state's landlords have done right during a difficult time.
Dave & Dujanovic KLS News Radio - CDC eviction moratorium ends this week
July 29, 2021 - The CDC’s eviction moratorium is set to end on July 31st. Is there potential for another extension? Tara Rollins with Utah Housing Coalition calls in to discuss what renters should know and Paul Smith with the Utah Apartment Association calls in to discuss how landlords are affected by the moratorium.
Are you late on a house payment or rent due to COVID-19? Here’s how to still get help.
June 26, 2021 - By Tony Semerad – Salt Lake Tribune
"The government has deployed billions of dollars to prevent people like you from getting evicted in this pandemic, and a major chunk of that cash sits unspent — even as many residents could be using it to keep current with monthly payments and stay in their homes while they catch up." . . . Read Full Article Here
Some Utah landlords want your pet’s DNA. This is the reason why.
June 18, 2021 - By Connor Sanders – Salt Lake Tribune
"Renters say the requirement can create another obstacle to finding housing, while landlords point out it helps them allow pets. . . . The latest hurdle tripping up Utah renters may seem like a strange one: Before they can move in, many are being required by landlords to get — and pay for — DNA tests for their pets." . . . Read Full Article Here