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2012-04-16 17:39:38
Utah Real Estate market continues to improve.

Utah Homes in foreclosure down nearly 49%

More great news for the Utah Real
Estate
market. According to a report in the Sunday edition of the Salt Lake
tribune, Utah Bank Owned and foreclosed property has declined nearly 49% in the
first quarter of this year, compared with the same three-month period in 2011.
As a Salt Lake Realtor, whom pays
special attention to the local Real Estate market, I could not be more pleased
with the number of positive reports indicating a recovering housing market.

Nationally, the number of homes receiving some type of foreclosure-related
action - a notice of default, auction or repossession by a lender - was down 16%
according to foreclosure listing firm Realty Trac Inc.  The declines do not
neccessarily mean that the foreclosure crisis is over in Utah. Nor do the
declines indicate that a surge in Home prices can be expected anytime soon.  In
Utah and Nationally it will take years for the Bank
Owned property
and foreclosure mess to level out.

  The news does indicate to many Real Estate professionals that the bottom of
the housing crisis and falling prices has passed. It is still a very good time
to Buy a home in Draper,
Salt Lake City, Sandy or Holladay
. For many Home buyer who have been sitting
idle in fear of purchasing a home, this should impose a sense of urgency. Buy a
Home Now! We are seeing a trend with some areas experiencing price increases and
other areas of the Salt Lake Valley sure to follow. If you are thinking about
buying or selling a home, consult a Linda Secrist & Associates
team member today!

 

 

 

 

 

 

 
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