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Housing supply flagging in Salt Lake and throughout Utah
Data: Redfin; Note: Reflects how long it would theoretically take for every home on sale to sell in current conditions; Chart: Axios VisualsThe housing supply in the Salt Lake metro area has fallen again after a couple of brief post-pandemic spikes.Why it matters: The housing market is considered balanced when supply meets the six-month level — and Utah's housing markets don't come close to that. Zoom out: Nationally, that hasn't happened since 2012."The market is fundamentally unbalanced," because the U.S. is short an estimated 3.8 million homes, Redfin chief economist Daryl Fairweather tells Axios.Between the lines: Housing supply drives affordability.What's next: If mortgage rates fall, demand will surge, and supply will continue to deplete, Fairweather says.
Utah's parental leave policies are changing
Data: U.S. Department of Labor; Map: Tory Lysik/Axios VisualsPaid family leave is still not mandated in Utah, but new laws across the country are expanding access to benefits for expecting and new parents.The big picture: Utah employers must offer 12 weeks of job-protected, unpaid family leave under the federal Family and Medical Leave Act.Meanwhile, most countries guarantee paid maternity leave and paid paternity leave.Why it matters: Studies have shown parental leave can lower the risk of developing postpartum depression and can provide better interactions between the birthing parent and child.State of play: More Utah moms are going back to work less...
Yampa Sandwich Co. ready to flow outside of Colorado as owners look to expand business to Utah, Arizona and Texas
It started in October 1999 when David Pepin and Peter Boniface pursued a shared dream of owning their own sandwich shop, and continues today as the Steamboat Springs-based Yampa Sandwich Co. continues to flow into new markets. Since its start, the Steamboat Springs men have watched the business grow, expanding...
A ‘devastating’ tally: Utah breaks annual record for fentanyl seizures in just 6 months
It only took six months for law enforcement to break Utah’s annual record for fentanyl seizures this year as the state copes with what the U.S. Drug Enforcement Administration calls “the most dangerous drug crisis the nation has ever faced.” In 2023, the DEA and its local partners, which includes the Salt Lake County Sheriff, […] The post A ‘devastating’ tally: Utah breaks annual record for fentanyl seizures in just 6 months appeared first on Utah News Dispatch.
Migrants Sent to SLC from Denver Have Nowhere to Go
On June 14, 2024, Governor Cox released a statement on X condemning news that the city of Denver was sending migrants to Utah — without prior approval from Utah state officials. “We recently learned that the Democrat mayor of Denver has been sending illegal immigrants to Utah without proper...
Ryan Smith: Utah ‘Not Going To Be Known As A Small Market’
SALT LAKE CITY – Ryan Smith, chairman of the Smith Entertainment Group is in Paris to celebrate the opening of the 2024 Olympic Games, and discuss the direction of Salt Lake City ahead of the 2023 Winter Olympics. Speaking at an event featuring 500 young athletes from over 36...
Utah Supreme Court overturns death sentence for man convicted of murder in rape cover-up
SALT LAKE CITY (AP) — Utah’s Supreme Court overturned a death sentence Thursday for a man convicted of murdering a woman to stop her from testifying against him in a rape case. Justices said Douglas Lovell had ineffective attorneys at his sentencing hearing, but upheld his conviction and sent the case back to a lower court for resentencing. The Utah Attorney General’s Office — the prosecutors in the case — did not have an immediate answer Thursday as to whether Lovell could again receive a death sentence, spokesperson Alex Curcio said. Lovell, 66, has twice been convicted of capital murder...
Drought returns to Utah, but storms forecast for state's driest region
SALT LAKE CITY — Utah's droughtless streak didn't last very long, but the section now in drought could get some much-needed rain over the next few days. About 5% of the state — almost entirely in Tooele County — is back in moderate drought, according to the U.S. Drought Monitor's weekly report released on Thursday. It comes three weeks after the Beehive State was drought-free for the first time since 2019. But Utah's current drought situation is still far better than other parts of the West.
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