Study Shows Increase in Vacant Newly Built Utah Homes

Study Shows Increase in Vacant Newly Built Utah Homes

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Randall Jeppesen, KSL Newsradio A new report says the number of newly built homes that are now sitting empty has jumped compared to last year.

At the end of September the Wasatch front had 93 percent more newly built vacant homes than they did one year ago, according to a Metrostudy report.

Add that to fewer people qualifying for loans. "I think that this is just an adjustment to some of the market conditions that we'll see rebound," explained Utah County Association of Realtors President Lerron Little.

Little says the slowdown isn't a reason to panic. He says it just means buyers can find some good deals.

Little also says you can still sell a home in Utah, just realize it's likely going to take longer.

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