While Colorado followed national foreclosure trends, the state did not rank among the areas with the most foreclosure activity.
Real estate tracking firm RealtyTrac found that new nationwide foreclosure filings dropped 33 percent from May, 2010 to May of this year and 2 percent from April to May.
Those numbers are in line with local figures released earlier this month by the Colorado Department of Housing, which reported that foreclosure filings in the Colorado fell by 24 percent year over year and by 32.5 percent in Colorado Springs.
RealtyTrac reported that Colorado has a medium-to-high foreclosure rate compared to the rest of the country, but it did not rank among the states with the most foreclosures.
More than half of the nation’s foreclosures in May happened in just five states, according to RealtyTrac’s numbers.
The top 10 states for new foreclosure filings in May include:
State / Number of foreclosures
• California 51,906
• Florida 19,192
• Michigan 14,614
• Arizona 13,122
• Nevada 11,039
• Illinois 10,574
• Georgia 10,503
• Texas 9,055
• Ohio 8,379
• Wisconsin 4,660