Thursday, July 14, 2011

Utah foreclosure rate 4th in U.S. according to Realty Trac

The RealtyTrac Midyear 2011 Foreclosure Market Report showed Utah with the fourth highest rate of filings in the country, behind only Nevada, Arizona and California. Utah's rate of 1.65 percent during the first six months of the year indicated that one in every 61 households in the state recorded a foreclosure filing — default notice, scheduled auction or bank repossession. However, the rate is 13.11 percent lower than at the same time last year, the data showed. Deseret News

Note: Realty Trac's full press release can be found here. Personally, I like using the foreclosure information from Trans Union which is available on the New York Federal Reserve Bank's website (click on "Mortgages"). They also publish some county-level foreclosure estimates.

Map from New York Federal Reserve website