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Utah’s overheating housing market isn’t a bubble and could get worse, experts warn

First-ever ‘state of housing’ report highlights fierce competition and rising prices amid dearth of affordable homes and rentals across the state.

(Francisco Kjolseth | Tribune file photo) A new apartment complex in Utah County's Lehi. A new state report is warning of severe imbalances in Utah's markets for single-family homes and apartments, with more price and rents hikes on the way.