Utah Ranks Low On Foreclosures

The figures have come out and Utah is still low on the foreclosure list. There are still a bunch of bargains out there but the lack of abundant foreclosures here in the state is what is keeping end-user prices stable. Here is an interesting comparison:

Utah - - - - - - -1 in 733 Households in Foreclosure

Florida - - - - - 1 in 282 Households in Foreclosure
California - - - 1 in 208 Households in Foreclosure
Nevada - - - - - 1 in 139 Households in Foreclosure

I expect that we our rate of foreclosure will increase as our employment numbers soften somewhat but it will not reach the proportion of Florida, California, or Nevada.