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Utah's Housing Crisis: Affordability Plummets for First-Time Buyers

11/14/2025

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Summary

Story summary

The U.S. housing crisis arises from restrictive zoning, land-use barriers, and financial policies.
In Utah, the average first-time buyer age has risen to 38.
Regulatory costs add 24% to home prices, reducing affordability.
Kimberly Burnett of Ivory Innovations says policymakers may benefit from high prices.
Without reforms, Utah risks becoming a market accessible only to wealthy investors and transplants.

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Story summary

The U.S. housing crisis arises from restrictive zoning, land-use barriers, and financial policies.
In Utah, the average first-time buyer age has risen to 38.
Regulatory costs add 24% to home prices, reducing affordability.
Kimberly Burnett of Ivory Innovations says policymakers may benefit from high prices.
Without reforms, Utah risks becoming a market accessible only to wealthy investors and transplants.