Foreclosures, Short Sales Driving Deals In Utah Housing Market

A new report by the Salt Lake Board of Realtors says home sales are up. West Valley City had the most sales for the past quarter. "We're in a climate right now where the interest rates are so favorable, it's hard not to go out and buy a house right now," says Salt Lake Board of Realtors' Bill Heiner. But for a seller, the market is not optimal according to the board's findings. The average residential property sold for nearly $206,000 -- down from $222,000 a year ago. And the board says Utah has not hit bottom yet.

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