Some of the good news is that the stock market is up 20% from its low, rock bottom November 20th date, the credit market is freeing up some money, and bank loans to businesses are up. Still, with that being said, many people still owe more than their house is worth and Salt Lake City foreclosures are still on the rise with so many people being unemployed. People still are worried about job stability and fear making a change. Foreclosures are at a record high in our nation and in Salt Lake City.

United Way in Salt Lake City has a Neighbor to Neighbor help line for emergency help for people facing foreclosure in Salt Lake City.  Many people wait too long to get help on Salt Lake City foreclosures. There are credit agencies out there who can help give credit counseling if you find yourself in trouble or facing a foreclosure. Another alternative are the many short sales that are showing up on the market. In November 75% of homes sold were priced under $300,000 with homes in the $200,000-$250,000 selling the fastest. Again, with interest rates so low and many homes on the market, it’s a Great Time to Buy.