Short Sales Surge as Homeowners Feel the Pinch | Salt Lake City News

Salt Lake City News Today | 2 Min News | The Daily News Now! · Jul 18, 2026 · 1m

Short sales are making a comeback after a quiet spell, with a sharp uptick from 2023 to 2024 and another surge projected for 2025. Ten cities—including Lakeland, Florida, and Colorado Springs—are now hotspots for underwater homeowners, victims of the pandemic-driven housing boom where prices soared and buyers stretched thin. Even Utah’s Salt Lake City area is seeing growth, as those who bought near 2022’s peak—especially with little down payment—are now facing financial strain. With prices leveling or falling and costs rising, these homeowners are feeling the pinch, signaling a lingering…