Foreclosure activity dropped 13.3 percent from the same time last year in El Paso County in April. In metro counties across Colorado, foreclosure filings rose 7.3 percent from April of 2011, but foreclosure sales at auction dropped 36.2 percent. “March and April tend to be the high points for the year when it comes to [...]
Continue reading...Thursday, April 21, 2011
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It’s getting harder to find an apartment in Colorado Springs. Vacancy rates for the metro area fell to 5.8 percent during the first quarter, the lowest since 2001, and a 15.7 percent drop from the same time period in 2010. More people moved into apartments in the first quarter of 2011 than in the last [...]
Continue reading...Thursday, March 24, 2011
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Seperate reports released yesterday by the US Census Bureau and the Federal Housing Finance Agency do not bode well for the local housing market. According to this FHFA report, housing prices continued on a downward trend, falling 0.3 percent from December to January. For the 12 months ending in January, prices fell 3.9 percent to [...]
Continue reading...Thursday, March 17, 2011
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The Colorado Division of Housing reported a 26 percent drop from January to February in new foreclosure filings for the state’s metropolitan counties - but it’s not time to call the end of the foreclosure crisis just yet. The reduction is likely the result of mortgage servicers processing foreclosures at a slower pace due to the ongoing fallout from the “robo-signing” controversy. “There [...]
Continue reading...Thursday, February 10, 2011
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The Colorado Division of Housing closed the books on 2010 last night, and the final statewide foreclosure numbers aren’t pretty. In 2010 there were 42,692 new forclosure filings in Colorado, which is the second highest on record behind the 46,394 filings in 2009. Foreclosure sales at auction, the event that completes the foreclosure process, were also [...]
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Wednesday, May 9, 2012
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