KSL TV
SALT LAKE CITY – It s a common story heard throughout Utah s housing industry: Californians are arriving with plenty of cash in hand, outbidding local homebuyers and driving up the costs of housing; but an analysis by the Utah Foundation finds that does not seem to be the reason for steep increases in home and rental prices. Why are we seeing these increases? The Utah Foundation has looked whether it might be due in part to any influx of Californians. That does not seem to be the answer, the report stated.
The rate of people moving into Utah s larger metropolitan areas is actually down, the report went on to say.