Nearly a third of U.S. homes were purchased by investors, according to Harvard researchers’ analysis of CoreLogic data and the trend is similar in Utah. Investors with large portfolios of at least 100 properties “drove much of this growth, nearly doubling their share of investor purchases” from 14% in September 2020 to 26% in September 2021, according to the report. Will new efforts to increase affordable housing in Salt Lake City help ease this crisis that has fueled soaring rents and skyrocketing housing prices?
