Experts say homeownership is slipping out of reach and rent is becoming unaffordable — leaving in its wake a full-blown housing crisis.

A new report reveals homeownership is now unattainable for a record number of Americans.

In Utah, one of the nation's fastest-growing states, home prices have climbed 44 percent in just two years, far outpacing the national average of about eight percent. The surge has priced out many families, pushing the average home price above half a million dollars.

It's a problem fueled by basic economics: too many buyers and not enough homes. Nationwide, experts estimate a shortage of roughly six million units.

"Most people who are renting here in Utah are spending over 50% of their income on housing," said Zoe Newmann with the Utah Housing Coalition.

Newmann s

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