In the State of Utah the Number of Homes in Foreclosure is Rising

by juliaredstone | January 11, 2010 at 04:03 am

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Numbers show a slow down in the number of new foreclosures in the state of Utah and an increase in the price of homes. Comparing to other states the numbers are not staggering, but for Utah they mean something good.

The state of Utah is yet another of the states in this country that has seen an increase in both the percentages of new foreclosures and the prices of those foreclosures. It seems that since the government has enacted the stimulus bills that the price of foreclosed properties has increased. Those prices also seem to have increased pretty much across the board as the deadline for the tax credit drew closer to reality.
In the state of Utah alone the number of homes in foreclosure increased by only 24.03% and the price of homes that were entering into the foreclosure market increased to the tune of 13.71% on an average.