In the News
Foreclosures Drop 30% In April Compared to April 2010
KCPW News Radio reported that the number of foreclosures in Utah is on the decline.
The number of foreclosures in the state in April fell nearly 14 percent since March of this year, and nearly 31 percent since April of 2010, the report said. Nationwide, foreclosure activity was at a 40-month low.
Dave Anderton with the Salt Lake Board of REALTORS believes the report shows Utah’s economy is on the upswing.
The number of foreclosures in the state in April fell nearly 14 percent since March of this year, and nearly 31 percent since April of 2010, the report said. Nationwide, foreclosure activity was at a 40-month low.
Dave Anderton with the Salt Lake Board of REALTORS believes the report shows Utah’s economy is on the upswing.
“It shows me that foreclosures have crested and we’re finally coming off that peak from 2010 when they were at all time highs in Utah and the nation,” he says. “The economy is getting better and I think people are starting to buy homes again as we see jobs increase in Utah especially.”
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