Utah has enough supply of single family houses and Handyman Specials to cover the needs of state residents, but real estate experts stated that the region is still facing potential housing shortage. They claimed that majority of residents in the area are not looking for houses to buy, but are actually looking for houses to rent.
Continue Reading: Handyman Specials Are Not What Residents Are Looking For
The number of lis pendens foreclosure filings issued in Utah last month remained higher than the U.S. nationwide average. Foreclosure statistics for January 2011 showed contrasting numbers, with month-over-month figures showing an increase, while yearly comparisons produced a decline.
Continue Reading: Lis Pendens Foreclosures in Utah Top National Average
Speculations abound as the nation wonders about the fate of the foreclosures situation. In Utah, however, many owners are now able to pay their mortgages, effectively stopping their lenders from initiating foreclosure proceedings. Lenders are quite relieved with this especially because they no longer have to waste money on expensive foreclosure costs. Although there are still quite a number of Utah foreclosure houses for sale, market conditions [...]
Continue Reading: Number of Utah Foreclosure Homes Drop
The improving economic condition has resulted to less Utah foreclosure homes. Nationally, foreclosure homes rate has surged by almost 20 percent while the state escaped the trend and posted a negative percent change for the month of May. Since the current house foreclosures situation has been linked to subprime mortgages, it is not surprising that the situation is looking good for Utah. Compared to other states, the subprime lending share of [...]
Continue Reading: Utah Foreclosures Rate Drops
For the first quarter of 2007, Utah experienced a considerable 32.40 percent decrease in foreclosures rate compared to 2006. From January to March, the state recorded 2,406 homes in some stage of foreclosure and with a rate of 1 foreclosure for every 319 homes. The current data places Utah at the 14th spot among the states with the highest foreclosures rate. The decrease in foreclosures activity signals buyers that the time is just about right [...]
Continue Reading: Foreclosures Rate in Utah Decreases by 33%
