Some Good News for the Denver Real Estate Market

April 2009

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.