Sign up for 5280's weekly e-newsletters. Want the latest restaurant scoop? The latest happenings around town? Access to exclusive events and deals just for 5280 readers? Amid the onslaught of bad news about the economy, particularly the housing market, comes a bright spot for the Denver area. Foreclosure filings declined by nearly 46 percent in the first three months of 2009, compared to the same period a year ago, reports the Denver Business Journal, citing data from RealtyTrac Inc.
It doesn’t mean Colorado is out of the woods yet. Overall, Colorado is still number 10 on the list of states in terms of foreclosure activity, according to the Northern Colorado Business Report. That’s where the state has hovered for the last few years, although its ranking is up from its spot at the end of last year.
And nationally, foreclosure activity is increasing, up 24 percent from a year ago, according to this RealtyTrac press release, noting that one in every 159 U.S. housing units claimed a foreclosure filing during the first quarter of this year. Nevada continues to hold the dreaded number 1 spot for foreclosure activity.
Posted 4/23/2009 at 12:30 pm by Michael de Yoanna
Business, Economy, Panorama, Real Estate :: Permalink :: Comments (1)
Washington Park wasn’t untouched through all of this turmoil either, but it has maintained itself quite well, with respect to all the problems we’re seeing nationally. Visit the link above to find out more about the Washington Park area. It is our new website. Definitely let us know your thoughts and ideas!