October 20, 2021
Real Estate

Ogden, Provo, Salt Lake City rank in top 10 of most overvalued homes

Study shows that, if the market tanks, Wasatch Front homebuyers may have to wait years to see a return on their investment.

(Francisco Kjolseth | The Salt Lake Tribune) A house is put on the market in Draper in January 2021. A new study finds homes in Ogden, Provo and Salt Lake City rank among some of the most overpriced in the U.S., with buyers paying premiums of between 44% and 51% above long-term price trends.

Housing in Salt Lake City, Ogden and Provo is some of the most overpriced in the country, according to a new study, indicating that U.S. buyers almost everywhere are paying huge premiums as demand outstrips supply.

Researchers at Florida Atlantic University and Florida International University have ranked the Wasatch Front cities near the top of the nation’s 100 largest housing markets, based on home prices coming in 44% to…

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