Foreclosure News: More Low-Priced Homes Become Available in Utah
28 October 2009
According to one of the latest foreclosure news, the housing crisis in the state of Utah is still worsening. As of August 2009, there have been 17,474 foreclosed homes and it is believed that the high unemployment rate and the recession are the primary factors. There has also been a drastic increase in the number of bankruptcy filings not only in Utah but in the whole country. While a significant number of bankruptcies are being filed by businesses, there are more personal bankruptcies in Utah. Thus, industry experts believe that there will be more low-priced homes available in the near future.