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More and more people are visiting and moving to cities and towns around the Mountain West, drawn by access to public lands and other natural amenities. That brings economic growth – and also growing pains. A new report aims to help communities address the challenges.
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Resort towns across the west saw record-breaking real estate prices last year. Housing has always been hard to come by in the region, but new data shows the problem is getting worse.
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Just when we thought the cost of housing was dropping - home prices in Ada County increased once again.
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Home prices increased significantly during the pandemic, and markets in the Mountain West saw some of the country's biggest hikes. But now, some cities in the region might see those prices come back to earth.
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In the Mountain West, more than a fifth of homeowners with a mortgage spend at least 35% of their monthly income on housing. Nearly 40% of renters region-wide spend more than a third of their income on rent.
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With Boise in the throes of a broad rewrite of its zoning code, Max Holleran, author of “Yes to the City: Millennials and the Fight for Affordable Housing,” says, “I think I could write a whole other book of cities that have just exploded in their populations and the desire for more housing - places that are beautiful and have a lot of natural assets, like Boise.”
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A new report reveals the U.S. cities with the highest rates of home sellers dropping their asking prices, and many of those markets are in the Mountain West.
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A new report shows Americans have more equity in their homes than ever, and some of the highest levels of equity-rich property owners are in the Mountain West.
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Tourists spend over $100 million each year in southern Utah’s Kane County, but it’s the workers who keep the businesses running who pay a high price.
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The affordable housing crisis is usually understood as a problem in the Mountain West’s cities and resort towns. But it’s also happening in rural areas with booming economies.