Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
Visit Housing Bubble Blog
A Sign Of Buyer Sentiment
Posted on February 21, 2008
The Denver Post reports from Colorado. Despite a concerted effort to reduce the tide of people losing their homes, foreclosures in Colorado shot up 40 percent in 2007 compared to 2006, according to a count from the Colorado Division of Housing. Public trustees in Colorado reported 39,915 foreclosures last year, including 10,955 in the fourth quarter. That is 11,400 more than the record set in 2006. The report also found that a smaller percentage of homeowners were able to avoid a forced auction of their property once they entered foreclosure. There were 25,320 foreclosure sales last ye...
Original article link
Subscribe to Housing Bubble Blog