Thursday, July 10, 2008

Utah Foreclosures up 141%

Yes, now that housing prices are declining and its tough to sell real estate in Utah, foreclosures are up. The last few years Utah has been best in the nation in not having foreclosures, but during that time real estate was golden. Now the market is declining and irresponsible borrowers can't get away from it. With the huge surplus of high end homes, and very few buyers looking for mega mansions, expect the foreclosure numbers in Utah to rise.

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