
Kathi Williams, Director of the Colorado Division of Housing, said she is “cautiously optimistic about the future.”
A second report revealed that Colorado’s delinquency rate is below average. This week TransUnion reported the delinquency rate on mortgages throughout the country as of September 30th. They define their delinquency rate as at least 2 months behind on their mortgage payments.
In Colorado our delinquency rate is 3.38% which is 15% below the national average of 3.96%. On average the national delinquency rate is normally around 2%; but has risen considerably in the last 18 months.
What does this mean for first time home buyers? The end of Denver homes being on "sale" is nearly over and will probably end in 2009. Don't miss out on this once in a generation sale.
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