This preview shows page 1. Sign up to view the full content.
Unformatted text preview: breaking the trend of three-consecutive
quarters of declines.
Colorado recorded 4,855 foreclosure filings in
September 2011 or the 10th-highest rate of foreclosure filings per housing unit, despite a 17%
decline from August to September. The states with
the highest foreclosure rates are Nevada, California, and Arizona. Third quarter 2011 foreclosure
filings across the state were down almost 21% from
Q3 2010. According to the latest Colorado Division
of Housing data (covering 12 urban counties in the
state), Colorado reported a 29% decline in foreclosure filings in August 2011 compared to the same
month a year earlier.
The Metro Denver area has also welcomed significantly decreased foreclosure activity so far in 2011.
In fact, by midyear, foreclosure activity was at its
lowest level in Metro Denver since 2005, according
to the Division of Housing. Metro Denver foreclosure data from the Colorado Division of Housing
revealed a 31% year-over-year decline through 2012 Colorado Business Economic Outlook August. Adams and Denver counties are reporting the largest year...
View Full Document
This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery