Tuesday, June 14, 2011

Housing News Digest, June 14

Foreclosure filings at 2-year low in Colorado urban areas (DBJ)

Initial foreclosure filings and final foreclosure sales in Colorado’s 12 biggest counties fell for the sixth consecutive month, the state Division of Housing reported Tuesday.
There were 2,002 foreclosure filings in May, down 24 percent from May 2010, according to the report. Sales also fell 20 percent, from 1,459 in May 2010 to 1,167 last month.

Colorado foreclosure filings plummet 24% in May (Housing Wire)
Foreclosure filings in Colorado metro areas fell 24% in May to 2,002 from 2,633 a year earlier, the Colorado Division of Housing said in a new report Tuesday.

Foreclosure auction sales also plummeted 20% last month, with metro areas across the state completing 1,176 sales, compared to 1,459 sales a year earlier.

Colorado foreclosures fall 24 percent in May (AP)
DENVER—Foreclosures in Colorado are continuing to fall.
According to the Colorado Division of Housing, they fell 24 percent in May compared to last year.

Weld’s foreclosure filings inch up in May; county rate still down in year-over-year stats
Weld had 96 foreclosure sales in May compared to 135 in the same month last year, a 28.9 percent decline. The 12 metropolitan counties posted a 20 percent decline during the same period, with Broomfield leading at a 70 percent decrease; Mesa with a 36.7 percent drop; Jefferson with a 27.7 percent drop; Boulder with a 26.8 percent decline; and Arapahoe with a 26.4 percent drop.

Existing Home Inventory: Data for 54 Metro Areas
As a followup to Tom Lawler's post on how the NAR estimates existing home inventory, Ben at HousingTracker.net (aka deptofnumbers.com) has put the aggregate monthly inventory data online.