Is Your Zip Code Struggling?
By Michael de Yoanna
Created 2009-05-04 15:25

By: Michael de Yoanna [1]

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Is Your Zip Code Struggling?

The 80013 ZIP code in Aurora is on the front lines of the economic crisis as it unfolds in Colorado, according to The Denver Post [2], which reports that residents of 80013 rank first in terms of first-quarter foreclosure filings and total unemployment claims. The area, at first glance, would seem better off given its middle-class, white-collar demographics and "precious little poverty." Yet real estate prices are down, restaurants aren't as busy as they used to be, schools are seeing more homeless students, and there's a shortfall at the local food bank. But foreclosures aren't just notable in 80013, as the Fort Collins Coloradoan [3] notes in a story documenting a new trend: homes trashed by their former owners before banks take over. And employment is a struggle for many in the state, including ballerinas, as The Washington Post [4] reports. Meanwhile, 5280 [5] provides a guide to real-estate myths and realities in the local market.

Source URL: http://www.5280.com/blogs/2009/05/04/your-zip-code-struggling

Links:
[1] http://www.5280.com/tag/authors/michael-de-yoanna
[2] http://cl.exct.net/?qs=777ee51c6b8de529b1ef067a50c1fa78dc8199e220d56c490fc2d264fbc61c15
[3] http://cl.exct.net/?qs=777ee51c6b8de52964d56d84125abf8bf57692f10d35c7cb6115190620a0d607
[4] http://cl.exct.net/?qs=34eb47aa4a3d11ac44458c6e882cb20de9df3e9f5dcec2d06afcf1616460bf3f
[5] http://cl.exct.net/?qs=34eb47aa4a3d11ac861a193b57c605a5593ec3da776194631747d13a74671c3e