Quote:
According to RealtyTrac, Utah ranks 10th in the nation for foreclosure filings -- and that number is rising fast. In June, foreclosures in the Provo-Orem area jumped 810 percent from a year prior. That qualified it for No. 37 among major metro areas nationally. During the same month, Utah's rate of new foreclosures year-over-year outpaced the national average three times over.
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http://www.heraldextra.com/content/view/282278/17/
I would say the answer is "no". Looks like a full-fledged crisis is coming, if not already arrived.
I knew things were screwed up when my brother's crappy house in SLC next to a halfway house, doubled in value a year after he bought it.