According to today’s Realty Trac Report on foreclosure activity around the country, Realty Trac reported that both Colorado’s and Denver’s foreclosure activity have dropped for 2 quarters in a row! This is great news!
In the third quarter foreclosure filings of all types dropped 11% from the 2nd quarter at the state level and in Denver foreclosure filings dropped 13% in the 3rd quarter!
As of September 30th foreclosure filings in the state are down 31% from September 2007.
In Denver the percentage of household units with a foreclosure notice dropped to .91% in the 3rd quarter. The highest in the nation was Stockton, CA at 3.69%. In March, Denver’s ratio put it at the 11th worst in the country; now Denver is only 26th worst in the country. We are moving our way down this terrible list.
As the Case-Shiller Index has shown it appears that March 2008 was the bottom of the market here in Denver and this data supports this conclusion as well.
What a great time to buy a home in Colorado! I will leave with this quote from Warren Buffett last week, "A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful." Now's the time to buy.
In the third quarter foreclosure filings of all types dropped 11% from the 2nd quarter at the state level and in Denver foreclosure filings dropped 13% in the 3rd quarter!
As of September 30th foreclosure filings in the state are down 31% from September 2007.
In Denver the percentage of household units with a foreclosure notice dropped to .91% in the 3rd quarter. The highest in the nation was Stockton, CA at 3.69%. In March, Denver’s ratio put it at the 11th worst in the country; now Denver is only 26th worst in the country. We are moving our way down this terrible list.
As the Case-Shiller Index has shown it appears that March 2008 was the bottom of the market here in Denver and this data supports this conclusion as well.
What a great time to buy a home in Colorado! I will leave with this quote from Warren Buffett last week, "A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful." Now's the time to buy.
Posts
No comments:
Post a Comment