The number of foreclosures nationally has risen but the economy in the Uintah Basin has been good. Lacey McMurry reports in the Vernal Express that the RealtyTrac Company places foreclosures in Uintah County below the National and State averages
In 2007 .05 percent of all households in the Uintah Basin experienced foreclosure or default notices with the Utah State average of 1.1 percent of all households and a national average of 1.77 percent of all households, according to RealtyTrac.
The job opportunities are plentiful in the Uintah Basin. We have a high number of homes on the market as I have stated before due to over building of higher priced homes. The Basin is now a buyer's market.
RealtyTrac’s 2008 U.S. Foreclosure Market Report ranked Utah 15th in the nation. The Beehive State had 4.99 percent more filings in January 2008 than in January 2007.
The market in Vernal, Utah is strong and will weather the storm in Real Estate. Study and benefit from the current conditions.
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