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.