Colorado Foreclosures Down For First Month of 2013
Colorado’s housing market is off to a strong start this year, with foreclosure filings in the first month down 25 percent from January of 2012.
That's the lowest January level in seven years, says Colorado Division of Housing economist Ryan McMaken - who notes that the trend is especially strong along the Front Range.
“If we look at Larimer County, Boulder County and even Denver County, those numbers continue to decline very quickly,” says McMaken. “And in those places with low unemployment like Boulder and the Fort Collins area, those numbers are going down fast.”
That’s not the case for the Western Slope or southern Colorado, where foreclosure filings are up. Pueblo County has the highest foreclosure rate, while Boulder County has the lowest.
McMaken says January numbers often set the pace for the year -- which means the housing market improvements are likely to continue for 2013.
Read the report here.