UtahCribs Weblog

Real Estate, Homes, News, Statistics and more

Utah ranks 5th nationwide in foreclosures

Posted by UtahCribs, Real Estate, Homes on July 16, 2009

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

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