Thursday, October 28, 2010

Utah remains among highest in foreclosures

RealtyTrac — an Irvine, Calif.-based market research firm — released its Q3 2010 Metropolitan Foreclosure Market Report, which ranked Provo-Orem at No. 30, Salt Lake City at No. 31 and Ogden-Clearfield at No. 58 all in the top foreclosure rates for the third quarter among metropolitan areas with a population of at least 200,000 people. Both Provo-Orem and Salt Lake City recorded one foreclosure filing for every 77 housing units, while Ogden-Clearfield had one filing for every 126 households, the report stated. Deseret News

Note: In general, Utah was late to the housing boom and late to its decline. The state's current high ranking in RealtyTrac's foreclosure filings may be the result of timing rather than relative distress.