Which of the following best describes how Utah's rapid population growth, driven partly by Silicon Slopes tech expansion, has affected housing affordability?
Correct Answer
B) High demand combined with geographic constraints (mountains, federal land, Great Salt Lake) has driven prices significantly above national averages in the Wasatch Front
Utah's rapid population and economic growth, particularly from the tech sector in Silicon Slopes, has created intense housing demand. Geographic constraints — the Wasatch Mountains, Great Salt Lake, and extensive federal land ownership — limit buildable land, driving prices well above historical norms and creating affordability challenges, especially for first-time buyers.
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