Foreclosures have been badly affecting the building industry. Many realtors in Washington have suffered huge losses. Some are now turning to the foreclosed market while many others have gone away. The foreclosed houses have caused local builders to incur losses. Only 242 residential permits have been issued this year till September. Last year 521 housing [...]

During the second quarter of this year the foreclosure rate in Utah is down in comparison to what it was the previous year. It remains far behind the average national figures where the number of foreclosure units is staggering. Towards the end of the June 2007 there were only 0.55% properties in Utah suffering the [...]