Friday, June 15, 2012

Utah Forclosures Number 10 on the list--- Good News!!??!!

We have moved from the to 5 in the nation to the 10th spot. Doesnt sound like good new but we were once number 1. I would like to see us make it to 51st with everyone back on there feet and moving into the future.

SALT LAKE CITY — Utah's foreclosure rate is the 10th highest in the nation.

Data released Thursday by RealtyTrac Inc. shows that one in 592 Utah housing units saw a foreclosure filing in May.

That's an improvement from April, when Utah had the 7th highest foreclosure rate — with one in 419 homes seeing a foreclosure filing.

Georgia, Arizona, Nevada, California, Illinois and Florida had the highest foreclosure rates in the nation.

Nationally, RealtyTrac reports just under 206,000 properties had a foreclosure filing in May.

That compares with fewer than 189,000 homes in April.

The firm says the foreclosure increases in various states illustrates that the housing market is still on a bumpy ride toward recovery.

1 comment:

Suzy Frame said...

Wow I am just baffled! I had no clue Utah was even on the list at all to begin with. But that is such great news that we have dropped so far on the list and are doing much better. I know that there is a great utah real estate school here that could be helping out a lot if they are raising their numbers in sales and making sure the students are really learning! Do you know where I could find more information on this subject?