Foreclosure rate rises in Utah, nation


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

(KSL News) The latest housing numbers are out this morning, and the nation's housing crisis is far from over.

Filings in August increased 27 percent compared to last year, and nationwide nearly 400,000 homes received one notice of foreclosure. That's nearly one in every 400 homes. Experts say that's the highest number of foreclosures on record.

Utah's foreclosure rates are among the worst in the nation. Utah came in 12th nationwide for foreclosure filings last month with one in every 559 Utah households receiving a foreclosure notice.

The Deseret News reports that makes for an 85 percent increase from August of 2007.

Most recent Utah stories

Related topics

Utah

STAY IN THE KNOW

Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast