Salt Lake County saw the number of homes sold in November 2009 rise sharply to 1041, a gain of over 74% compared to the same time last year. Fueled by first time home buyer tax credit, Salt Lake County experienced the largest number of November home sales for three years.
Month on month the housing [...]
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Compared to the national average, Utah has fewer homes in negative equity — where someone’s mortgage is more than the current value of their home. At the end of the third quarter 2009 approximately 18% of residential Utah homes were underwater, while the national average was 23%.
One of the worst hit areas was in [...]