Utah ranks 5th nationwide in foreclosures

ALT LAKE CITY — Utah ranks fifth in the country for its foreclosure rate, behind only Nevada, Arizona, Florida and California.

The midyear 2009 U.S. Foreclosure Market Report from online market research firm RealtyTrac shows one in every 69 households had a foreclosure filing. That rate is up close to 88 percent from the first six months of last year.

Utah also ranks fifth in the country for delinquency filings.

Zions Bank Economist Jeff Thredgold tells the Deseret News the intermountain region is certainly getting hit hard. He also says large families are contributing to Utah’s woes, since they boast “larger-than-average” financial stresses

The Bridges at Citifront Condos

Here’s a look at our two bedroom model we have available downtown. These condos really are great for anyone looking to live downtown without paying the premium that comes with it.

All units have 9′ ceilings, washer/dryer hookups, granite in kitchens and bathrooms, tile in bathroom floors and showers, and three great options for flooring. Let us know what you think!

Presented by: Brad Miles 801-428-7223
List Price: $210,839	MLS# 886300	Stat: Active	Ref # 1
Address: 600 W SOUTH TEMPLE A106		Type: Condo	Style: Other
City: Salt Lake City,   UT 84104		Project: BRIDGES AT CITIFRONT
Prop. Tour:  Tour	NS/EW: 1 S / 600 W
		Tot Sq Ft: 967  Tot Beds: 2  Tot Baths: 2.00  Family Rms: 1  Fireplace: 0  Gar|Port: 1 | 0	Yr Built: 2009 Taxes: $0 Acres: 0.01 HOA Fee: $203 Under Cnst: No Fin Bsmnt: 0%
		Exterior: Brick, Stone, Stucco
		Lot Facts: Fenced Full, Sidewalks
		Features & Info: Sliding Glass / Dishwasher, Range-Countertop
		Inclusions: DishWasher, Microwave, Range, Refrigerator
Remarks: Lowest price per sq/ft downtown!Steps from Gateway.Urban design:refinished concrete,granite, custom paint, high ceilings, pool/hot tub/fitness, gated, secure covered parking. Trax, FrontRunner, shopping, restaurants & nightlife.You can WALK! Byr2Vry All

What will happen to interest rates??

Tell us your opinion what will happen to rates. Right now (July 6, 2009) rates are 5.25% for a 30 year fixed. Still low historically, but up from the 4.75% rates that we were seeing a couple months ago. Here’s a link to the article from the Wall Street Journal.

http://online.wsj.com/article/SB124381108186970343.html