Voice
Fax
Bookmark this Site
 Welcome to the UtahLiving.com Blog

2011-05-23 11:04:18
Utah 4th Highest Foreclosure Rate in US

Realtors® in the news

KCPW News Radio reported that the number of foreclosures in Utah is on the decline.

The number of foreclosures in the state in April fell nearly 14 percent since March of this year, and nearly 31 percent since April of 2010, the report said. Nationwide, foreclosure activity was at a 40-month low.

Dave Anderton with the Salt Lake Board of REALTORS believes the report shows Utah's economy is on the upswing.

'It shows me that foreclosures have crested and we're finally coming off that peak from 2010 when they were at all time highs in Utah and the nation,' he says.'The economy is getting better and I think people are starting to buy homes again as we see jobs increase in Utah especially.'

Foreclosures Drop 30 Percent Since Last April

05.13.2011 by Jessica Gail

(KCPW News) Utah continued to have the fourth highest foreclosure rate in the nation in April, according to the latest RealtyTrac report, but the number of foreclosures went down. Dave Anderton with the Salt Lake Board of Realtors believes the report shows Utah’s economy is on the upswing.

“It shows me that foreclosures have crested and we’re finally coming off that peak from 2010 when they were at all time highs in Utah and the nation,” he says. “The economy is getting better and I think people are starting to buy homes again as we see jobs increase in Utah especially.”

The number of foreclosures in Utah fell nearly 14 percent since March of this year, and nearly 31 percent since April of 2010, the report says. And nationwide, foreclosure activity was at a 40-month low. But it’s not all good news.

“We have about 50,000 people in the state that are 30 days or more late on their mortgage and at some stage in the foreclosure process,” says Anderton. “It’s a lot of people, it’s certainly high if you look at our historical foreclosure rate over the past 30 years.”

RealtyTrac says one out of every 322 homes in Utah received a foreclosure filing in April. In Nevada, which tops the list, it’s one out of 97.

 

link to article: http://kcpw.org/blog/local-news/2011-05-13/foreclosures-drop-30-percent-since-last-april/

 
Blog Archive
2013-05-04 11:25:19
Prices Are Jumping In Utah

2012-02-15 11:13:52
Salt Lake County 4th Qtr Sales Statistics

2012-02-09 10:21:45
Bank of America One on One Loan Modification Event

2011-08-31 20:56:31
100% Loans Still Available

2011-07-22 09:03:06
Harvest Fresh Veggies at Home

2011-07-20 15:56:32
8 Tips to Guide for Your Home Search

2011-07-05 14:33:23
Energy Independance Day

2011-06-06 17:43:56
HARP- New Refinance Option

2011-05-23 11:04:18
Utah 4th Highest Foreclosure Rate in US

2011-04-27 17:21:22
Good News...Bad News

2011-04-19 13:37:09
Salt Lake County Home Prices Fall 13% From 2010

2010-12-07 09:18:38
Foreclosures in Utah

2010-08-09 11:14:41
The Forgotten Foreclosure Crisis

2010-07-23 10:03:08
Mortgage rates tie record low in Freddie Mac

2010-07-19 18:23:32
Government extends home buyer tax credit

2010-07-16 12:44:03
MARKET REPORT FROM UT ASSOC OF REALTORS

2010-07-13 09:57:13
43.4 million Americans have a credit score of 599

2010-06-01 23:17:31
100% FHA Alternative Loan

2010-05-06 20:35:06
Tax Credit Still Available for Troops!

2010-05-05 14:55:21
Realtor Tour Today

2010-02-07 09:39:22
Sales Are Up For Salt Lake County!

2010-01-23 12:38:55
NAR Help for Haiti

2010-01-20 16:58:46
Affirmation to help you sell your home!

2010-01-20 16:46:53
Affirmation to help you find your perfect home!

2010-01-14 15:17:24
Utah Economic Forecast Looks Good!

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.

SEARCH | NEW LISTINGS | PRICE CHANGES | FAVORITES | FINANCE | CONTACT  
© 2008 Chobeso Inc., All Rights Reserved.
© ProAgentWebsites.com - Terms of Use