That Housing Bill

Last month POTUS would and did not sign the major housing reform bill, hailed as ‘the biggest housing bill in decades.  Instead, it became law 10 days after it passed through congress and condos around the country are facing some major changes via new lending and insurance requirements. The bill was written in part due to the collapse of the Surfside Condos in Florida in 2021 and authorities shared with Congress committees what’s going on with the dangers of older buildings around the country and lack of housing options.

Example: Did you know that one in seven homes in Florida is for sale, and that they only have eight percent of homes in the U.S.? Most of that inventory is condos and now government regulations have been changed to meet new HOA requirements across the country, not just Florida. A University of Miami-led study found that 35 high-rise condos and hotels along a 12-mile stretch of Miami Beach to Sunny Isles Beach have been sinking or settling between .8 and 3.1 inches over the past seven years including the Trump International Beach Resorts there.

As an example, under the new legislation, if your building is super old and needs all new plumbing and you learn through the HOA meeting/minutes that the bid to replace it is $10mil for 100 units. If the repairs haven’t been paid for by your HOA dues/HOA management, you might not be able to get a loan on the unit or refinance it.  Also, monthly reserve requirements for HOA’s are going up from 10% to 15% and that deductibles will be capped for damage/repairs at $50,000 per unit. Reserves are like a savings account wherein a part of your monthly HOA fees gets deposited in case repairs are needed in a building. Note that insurance costs in some buildings around the country have gone up 60%, which is passed along to condo owners through monthly HOA fees. Insurance companies are averaging an eight percent increase this year in policies overall, but up to 27% in some states. The HOA pays for insurance on your building, but you insure your contents here in Utah.

The good parts of the new bill are that the law streamlines federal environmental reviews for office-to-residential conversions and infill projects that can help shorten permitting timelines for condo developments in mixed-use or infill areas in urban locations. There’s a housing crisis around the country and condos can be a cheaper purchase option than a home. The bill also lifted the Rental Assistance Demonstration program cap by 100,000 units and authorized a new Moving to Work program that might help financing for affordable condo projects and units.

My favorite part of the bill is that it now restricts large institutional investors from buying massive numbers of single-family homes. It doesn’t necessarily target condo purchases but single-family home buys, which could end up influencing condo demand and rental pricing in the long run.

Getting Greener

Salt Lake City Corp. is concerned about the Great Salt Lake drying up and the remaining dust killing all of us with toxic chemicals. I recall when SLC set up the E2 Business program under then-Mayor Rocky Anderson in 2003.  I signed up and was the first company to do so. Several of my fellow Realtors at the time thought I was promoting bigger lawns because I was ‘going Green’ (for reals!). Our city is diligently trying to keep getting our town greener through a program called ‘CLIMATE FORWARD SLC’. Tyler Poulson, founder of Collaborative Climate, a firm specializing in climate and clean energy solutions for public, private and non-profit clients of which SLC is one is leading the study.

His firm polled several local businesses last December about what types of sustainable measures local businesses are doing and their financial/tech issues as to how to be more sustainable. Climate Forward SLC-a continuation and enhancement of former city priorities- has a goal for us to reduce greenhouse gas emissions here by 40% in 2040. Where are these emissions? In our buildings, on the roads and via materials and food waste we all contribute to daily.  A study called ‘existing conditions report’ on the website notes risks, carbon sources, and input that’s been collected earlier this year on city’s website such as the fact that air quality ground level ozone impacts-local air pollution-has reduced outdoor air quality, in the past 30 years, as well as indoor air pollution data and choices for things like home and business appliances that affect air quality. Per our carbon emissions, the goal is obviously to reduce burning fossil fuels. Our primary sources of greenhouse gases: electricity generation (40%), natural gas consumption in buildings (29%). We have a cleaner electric grid, but Poulson says we need to get to 0% carbon emissions from electricity usage in the equipment we buy and the vehicles we use.

He contends there are keys to eliminating emissions: cut energy waste, electrify everything to reach a 100% clean grid.  We can choose to upgrade our home appliances for households by replacing gas machines like our furnaces and our gas stoves by electrifying a household like changing out HVAC and water heaters with heat pumps and kitchen ranges with induction ranges. Per transportation: emissions can be eliminated at the tail pipe with electric vehicles, taking TRAX and electric buses or opting to walk or bike.

He reported that our national grid is getting cleaner, as solar just exceeded coal in the US grid this year, adding wind is the #1 renewable energy source in the US. The Euro union reports that 25% of electricity is coming from solar in the summer months. Utah has ‘renewable communities’ with new program this winter in 16 local governments with a goal of a net goal of 100% clean, 100% electric grid with 0 emissions. You’ll get more info in the mail from Rocky Mt. Power in the mail to sign up as an individual household.

For more info: Slc.gov/sustainability/climate-forward

 

 

PARK IT!

I remember back when I served (8 years!) as a volunteer Planning and Zoning Commissioner for Salt Lake City. It was one of the most interesting and educational experiences I’ve ever had. Besides learning about past, present and future planning laws and trends I learned a great deal about my city.  At one meeting an out-of-state consultant had been brought in as an expert in ‘green spaces’ in cities. He had not ever traveled here, but when asked in our public hearing about adding more green spaces to our city and county he laughed and said, “Why do you need more when it’s a 15-minute drive or 30-minute bike ride to the hills and mountains around here?!”

Ali Vallarta, host of City Cast Salt Lake podcast spent two years documenting every single public park in Salt Lake County and found there were a total of 511 of them. She found in her study that 69% of the parks didn’t have year-round public bathroom access, that only 15 of the parks have full family amenities and that a quarter of county households are not within walking distance to a park. Walking or biking to a park was a major amenity planned for all of Daybreak and that may be one of the reasons the massive development under the eye of the copper mine is so popular as a place to live.  There is a park, path, and playground area within 5 minutes of any home out there and there are plans for much more in their future development plans.

The downtown Farmers Market at our historic Pioneer Park started this past weekend and folks were surprised to see the north end of the park closed and all the streets around it (except 300 West) were closed to cars and only good for pedestrians during the market hours.  Pioneer Park is seeing massive improvements to the tune of almost $20 million paid for by Salt Lake City. There will eventually be a fountain and main pavilion, pickleball and basketball courts, a better dog park and playground.

Liberty Park, our second largest public green space, is also undergoing significant improvements in the next 20 years. There are massive plans to preserve and repair some of the historic buildings, take out dying trees and planting better ones for our climate, adding and expanding indoor and outdoor gardens, putting in a new greenhouse, expansion of “Liberty Lake” with a boardwalk and trail. Currently the Rotary Play Park, an all-age, all-abilities playground, is being rebuilt with new swings, climbing towers, shaded seating and picnic areas. They are also working on the Seven Canyons water feature that may become a dry art installation that will use light, sound and sculpture to engage visitors…but no water will run through it.

Summer is here and for a list of the parks to discover and enjoy that Vallarta found, go to:

saltlake.citycast.fm/parks/visiting-every-park-in-salt-lake-county

Making Sense

There are things in life that just make sense, and I’ve noticed that we Americans could take tips from other countries how to do things better and smarter.

Japan has public restrooms that play music to mask the sound of flushing, and some have readout screens that show which toilets are free or occupied so you don’t have to bend down and look for feet. They also have air showers that blow pollen off people and clothes to protect those with allergies and emergency toilets in some elevators (not kidding!). The Aukland airport in New Zealand has a child’s toilet and an adult toilet in a single stall for parents to use.

Australia has been testing photoluminescent (glow in the dark) paint on roads that can glow for up to 10 hours after sunset. This improves nighttime visibility in rural and remote areas where there aren’t streetlights.  Texas has followed suit by adopting the technology, apparent at Texas A&M University where there’s a glow in the dark path at a campus intersection that helps improve safety for cyclists and pedestrians. The Netherlands also has several glow in the dark paths, as does Malaysia. South Korea has light up lines on major street crosswalks.

Moscow’s traffic light poles themselves light up when the traffic light changes so that drivers can see the color change better from yellow to red to green.  Croatia’s benches in public areas have built-in phone chargers and public WI-Fi. Several countries have pay for toilets which fund cleanliness and maintenance and in the UK there is an emergency button close to floor level under all the other buttons in case you collapse and need assistance.

Seattle’s airport offers temporary soundproof office spaces for events or meetings. Other airports, including Salt Lake International Airport, have phone ‘booths’ where you can sit with your laptop and talk without others hearing your conversation. This is a trend nationwide in airport lounges.

Italy has pet carts at grocery stores so you don’t have to leave them outside tied to a railing. They also have bottle caps that stay attached to bottles, so you don’t drop or lose them.  Germany has grocery carts with a special rack for cases of beer and has cleaning machines for your cart if needed.

Movies theaters around the world are getting creative, with food and beverage delivery to your seats, comfy lounge chairs that can heat, cool and massage you. Croatia has literal single beds in the back row for folks who would rather lay down that sit.

There’s a ski resort in Japan that uses saltwater sprinklers to keep walkways from getting too icy and dangerous. Norway has free book libraries at some bus stops.

How about UTA put up signs all along the FREE bus routes in downtown SLC to save people and conventioneers from walking in the hella heat this summer and to save energy with less cars? There’s a thought!

 

Staycation

Making Summer plans yet? Many folks will travel out of town this season, but due to high gas prices and airline tickets, others will staycations instead. There is a lot to see and do this year in the capitol city and I’m excited about visiting some of the new attractions.

‘Bug World’ is an immersive, larger-than-life world where insects reign supreme at the Natural History Museum of Utah just south of the U of U campus in Research Park.  This new exhibit has bugs the size of cars that helps show the real-life abilities of bugs. The traveling show was created by the Museum of New Zealand and was built by special effect masters who helped create The Lord of the Rings and Avatar. These replicas help show the superhero-like abilities of insects, from the lighting speed of dragonflies to the defense tactics of Japanese honeybees. There are actual bug specimens to explore and the whole show is a visual delight for adults and kids alike. Book tickets for museum the nhmu.utah.

The brand-new Museum of Utah will have its grand opening June 27. It’s located at 450 N. State Street behind the state capitol building, is free to the public and will be open seven days a week. Wait until you see the interior stained-glass dome with a history of Utah in 12 panels. In one of the new galleries, from Summer 2026 to Spring 2027 will be “The Past is Personal”, an exhibit that urges visitors to consider their role in our nation’s history as we mark 250 years since the signing of the Declaration of Independence.  Drawing upon the Utah Historical Society’s semi quincentennial project, the Peoples of Utah Revisited, this exhibit broadens the lens on Utah’s history and shares the stories of the past through the present. We, the people of Utah, own a lot of historical stuff, and this first state history museum is an extension of the Utah Historical Society who has helped collect our stuff and stories and there will be four floors of rotating displays in this new North Capitol Building. It was just announced that the Mormon Meteor III, a racing car legend on the Salt Flats will have a permanent home now at the museum. The 14,000-piece new stained glass dome of Utah landscapes will blow your mind with the beauty of glass.  Museumofutah.com

I recently discovered the Land Cruiser Heritage Museum under the 600 North viaduct (467 W. 600 N.).  Although it’s expensive, at $20 a person it’s a fun experience that celebrates the legacy of the Land Cruiser in both design and function with over 100 vehicles in a tight but user-friendly display. There are models from the 1950’s to the present, including the first car of its kind ever sold in the U.S., the first four-wheeled vehicle to traverse all seven continents, and right-hand drive diesel imports. If you’re a gear head, you will love this place! Landcruiserhm.com

Is It Limited?

  Moving to Chicago?  Maybe parts of Indiana, Iowa and Wisconsin?  Last week thousands of Zillow listings disappeared on that website. Why? Well, the 411 is simple-there’s a battle going on across the country between MLS services and in this case it’s between Zillow and Chi-town’s real estate database called MRED. The database cut off 43,000 listings claiming that Zillow violated its agreement in regard to a new trend of some listings not being advertised on the platform but instead kept from the internet for weeks before you can hear about or see them.

Zillow (and me as well) believe that if a seller wants the best marketing and the most eyes on a property, you go ‘full MLS’ so that millions see the listing. Compass Real Estate owns Better Homes and Gardens Real Estate, Century 21, Colwell Banker, Corcoran, ERA, Sotheby’s International Realty and Christie’s International Real Estate with about 340,000 real estate agents under their umbrella. Zillow sued MRED and Compass earlier this month stating that those two entities conspired to cut off Zillow’s access to Chicago-area listings.

Holding listings off the MLS is happening here. I just did a search in the Wasatch Front MLS and there were ten of them, most of which were in the Park City area. These look a lot like pocket or limited access listings to me but some and for the consumer you must be working with one of these firms to see the full listing. I have a buyer that found one of these in the Sugar House area listed by a local real estate firm and it wasn’t on the MLS. I was able to show it to her with a bit of research and a week later it appeared on the MLS.

What’s the advantage? First, a buyer might find less competition for a property if the world (internet) doesn’t know about it. Real estate companies can lure in buyers if their listings are private to that firm only. Second, a buyer can get early access before other buyers know about the home.  For sellers, some may not want the world to see the property because of a divorce or estate sale situation or they are relatively famous. Others may want to ‘test’ the market through extremely limited marketing to see if anyone bites at a price. Sadly, many sellers still believe in ‘Covid pricing’-listing higher than comparables, which can lead to a long, long time on the market.

According to effectiveagents.com, the reality is that off-market homes often sell for less than list-about 17% less than comparable public MLS listings which certainly benefits buyers but not sellers. If it were me selling a home, I’d want a ‘limited or non-public’ listing broker to charge me a lot less commission for less service. I’d want the seller to handle showings, negotiations and even paperwork with a clear understanding of the limits of this kind of marketing.

ADU UPDATES

SLC has three residential zoning areas, ranging from very low-density single-family areas to high density areas for multi-family dwellings. There are actually 12 residential zones as part of the City’s total of 30 zoning classifications that also include commercial, industrial and special purpose areas. Each zone allows for different activities and supposedly helps prevent conflicts between different uses. You don’t want a noisy, stinky factory next door to your home or as was seen in the ‘80’s and 90’s in Draper, a pig farm next door to your new housing subdivision.

The capitol city has been looking at updating zoning rules as of late and especially those that pertain to single family living regulations. Right now, there are three main zones for homes, with rules that state a new home must be built on 5,000-12,000 square foot lots. Unless you’re a major gardener, have need for a massive garage or workshop, many people don’t use much of their rear yards and the trend now is to build accessory dwelling units on that unused land.  Up until a few years ago there were very few laws that would allow for such density but facing a massive housing crunch now and in our future, citizens and city leaders are now putting together proposed new rules that would make adding housing inventory easier than ever before with loosening and regulating adding mini-homes/ADUs in the city.

St. George/Washington County where I often work has had a long-standing OK for ADU’s (aka ‘casitas’) as long as the structure abides by rules covering the size, height, parking, lot requirements and rental use for such in-law/guest house units. Since the area is known for retirees, it makes sense to have extra living space for family members and caretakers for seniors to live, and live affordably. Most of the homes with casitas that I’ve shown and sold have these mini homes in the rear yard and they often look (architecturally) like them main home. They often have around 800-1000 sq. ft, 1-2 bedrooms, 1-2 bathrooms and an open kitchen and great room, but no basement. Parking is sometimes in a third space to the primary home or on the street. Unless you walked into the rear yard you might not even know the second dwelling is there!

If you want to add such a dwelling, call SLC Planning and Zoning at 801-535-7700 or go online at zoning@slc.gov to read the current rules and regulations. Although the city doesn’t know how many ADU’s there currently are, they do put out an annual report about applications and the process updates. If you’re really really interested, you can attend Planning and Zoning public meetings held monthly at the city or watch them on slc.gov television with their live streams on slctv on their YouTube channel.  You can also subscribe to the live meetings of the City Council, CRA Board and Historic Landmarks Commission meetings as well.

Summer Shorts

I went out to lunch with friends the other day across from IHC’s mega hospital to a chain restaurant not of my choosing. The food was horrible, like warmed from a SYSCO bag of product produced in San Diego and shipped to chains around the west. Generally, I’ve always seen the parking lot there full, but at the noon rush hour there were only five tables full that hour in a restaurant that seats 144.  And I’ve noticed restaurants closing as of late. What’s up? Simply, the economy is beating up both consumers and businesses alike.

For example, according to the USDA, the U.S. beef cattle herd has reached its lowest size since President Truman’s administration (1945-1953), with total cattle and calves at 86.2 million head as of January 1, 2026 — the smallest inventory in 75 years The beef cow herd is even more dire, down 1% to 27.6 million head, the lowest since 1961. Predictions are for a small calf crop and tight feed supplies will push beef prices higher and higher this year, which explains in part why ground beef is at $6 a pound these days. Other factors such as drought in much of the country is causing some ranchers and farmers to cull their herds. Plus, the price of fertilizers and gas is rising drastically.

If you like a good steak, then you may also like a garlic-based chimichurri sauce on top, or garlic fries with your slab of meat? There’s a garlic shortage outlook for this year due to (again) weather, production and supply chain issues. California produces about 90% of the U.S. crop of this spicy bulb but garlic powder, granulated garlic and chopped garlic (think ‘jar-lic’, the chopped stuff in a glass jar) for most food brands is produced in China. China produces over 10 billion pounds of garlic a year, grown by over 1.2 million farmers there.

I gleaned from several websites’ predictions for more shortages this year. I’m not trying to scare you, just sharing some facts based on weather, labor and supply issues affecting food. For example, olive oil production is at a low because areas in Spain, Greece and Jordan have experienced both massive drought, heatwaves and heavy rainfalls. Increased demand by people on Keto/high protein diets has seen massive demand for low carb alternatives like frozen veggies, and farmers have also been victims of extreme weather and crop yields. Same is true with spices like black pepper and cumin and there were some early frost kills in the southern U.S. that has affected citrus production there and the supply chain has shifted more towards California for our need for lemons, limes, oranges, etc. You may have noticed that after 80 years, Minute Maid orange juice concentrate has been discontinued. Grain harvests have been in chaos and profits at your favorite cereal producer (General Mills) were down 32% last year, causing some products to be discontinued. Happy news tho-some cereals will bring back prizes in the boxes to lure you to buy their product later this year.

Purge your spurge

I recently filmed some social media (@thebabsdelay) about purging your spurge. Most folks I’ve talked to had no idea that this plant known as Myrtle Spurge (aka: Donkey Tail or Burro Tail)  grows low to the ground and thrives in crappy soils, looks like a pleasing silvery succulent and has lovely little yellow flowers this time of year is a wonderful …and deadly…landscaping addition to their properties. It is proliffic in the foothills and in arid areas of the state, but it’s an invasive species found within our borders not native but found in southeastern Europe, parts of Asia Minor and the Mediterranean region. It came to Utah back in the last century and was valued by landscapers and home gardeners for it’s attractive foliage, low water needs and ability to grow in bad soil. Utah nursuries promoted it as a ‘waterwise’ ornamental perennial, a unique new plant that ticked off all the good things it could offer homeowners. It even won the UK’s Royal Horticultural Society’s Award of Garden Merit which gave it credibility that helped sales here in the U.S. Sadly, the spurge spread out from homes to open areas which is logical, as seeds from the plant blast out up to 15 feet once the pods open.  Of course birds eat the seeds and poop them out all over residential and open lands areas of the state which feeds the vicious growth cycle of the spurge.

So what’s bad about myrtle spurge? Simply put, it crowds out native plants by forming dense patches of it, destablizes the soil underneath, and reduces biodiversity. Worse, it’s abundant milky white sap is toxic to both humans and animals. It’s easy to dig up as the roots aren’t deep, but you must use some kind of gloves and protect your mouth and eyes. And utahweed.org says that herbicides can be effective to purge this plant from your yard. It has become a Class 4 Noxious Weed, which bans the sale or propagation of the plant.

There are plenty of other invasive plant species in our state, including cheatgrass, tumbleweeds, giant canes (sucking up water like crazy), bromes, some types of thistles, tamarisk (found along the Green, and Colorado River banks as well as around Utah Lake and Farmington Bay). Besides plants, there are also invasive animal species like Rock pigeons, American bullfrogs and the Fox Squirrels who not only compete with native species but can introduce diseases to other animals.

.Tip: If you see an invasive plant or animal in Salt Lake City, photograph it, note the location, and report it to the Salt Lake County Noxious Weed Program or Utah DAF’s UIS dashboard. This helps coordinate control efforts and protects native ecosystems.

STAYING HOME

A study done at the end of last year by Marketscreener.com found that 43% of U.S. homeowners renovated their home last year, and an additional 33% plan to renovate this year.  This means roughly two in five Americans are either currently remodeling or planning to do so! The survey showed that for those who have recently renovated, 65% chose to upgrade their current home instead of moving and 71% said they are choosing to remodel rather than buy a new home.  Also, it found Gen Z and Millennials are especially likely to remodel instead of moving and homeowners with children living at home were found to choose renovations to stay in the same school district and community.

I would generally agree with these stats, but oddly enough, I often find that people who renovate often DO sell their home within a year for a variety of reasons: the remodeling with constant workers in and out made them crazy and question themselves why they decided to renovate in the first place; they didn’t like the finished work when really all they did want was to move to a larger or smaller home. Many homeowners said they wanted to stay put and improve their existing homes due to high moving costs, elevated mortgage rates, and limited desirable new inventory. It makes no sense these days when you bought during the COVID years with a 3% mortgage rate to buy now at a 6%+ rate, right? And despite the U.S. about to get a new head of the Federal Reserve (‘The FED’-central banking system) shortly, I don’t see interest rates dropping back to 3% for a long, long time if ever. There’s too much going on with the world economy and inflation to see such low rates again.

Remember those rates during the epidemic were a response by the FED to the economic problems caused by the national/international pandemic. The FED cut rates to almost zero to boost the U.S. economy and boost businesses like mortgage lending, insurance sales, construction and supply chains. Basically, we were in a short recession and the FED’s website has a great explanation as to what was going on back then and the response taken by our government at Federalreserve.gov.

The average renovation/upgrades they found in the survey that people were doing were under $20,000. Want to get a guesstimate of renovations for your home?  There are millions of sites, but I like Homeadvisor.com for reasonable remodeling quotes, like: bathroom ($6,640-$17,624), kitchen ($14,587-$41,540), basement ($12,021-$34,635), new central air unit ($3,912-$8,072), build a small addition ($21,904-$83,368), etc.  I’ve also heard locally to build a separate detached ADU, say in your backyard, can cost $50,000-$400,000 depending on the type that you build. A garage conversion for an ADU can cost $50,000-$150,000 according to Utahhomebuilders.com. Washington County is famous for homes with ADU’s called ‘casitas’ as many seniors desire a separate space for visiting family or caregivers.