Tuesday, August 14, 2012

Housing News Digest, August 14

Roaring Fork rental market is tightening GLENWOOD SPRINGS, Colorado — Finding a home or apartment to rent in the Roaring Fork Valley is getting more difficult, according to local leasing agents and the Colorado Division of Housing. Traditionally, demand for rentals peaks in the spring and begins to taper off in the fall. But Jeff Chapman, a broker with Fleisher Land and Homes in Carbondale, said that's not the case this year.

 Colorado foreclosure filings rise (9News video) According to a report released Tuesday by the Colorado Division of Housing, foreclosure filings in Colorado's metropolitan counties were up 14 percent last month to nearly 2,000, compared to just over 1,700 in July of last year. Foreclosure auction sales were down 24 percent. Foreclosure filings are the initial filings that begin the process. Foreclosure auction sales are held once the process has been completed.

 Colorado foreclosure filings up in July Comparing the first seven months of this year with the same period last year, the county with the largest decline in foreclosure filings was Weld County where filings decreased by 9.5 percent. Mesa County, on the other hand, reported a 22.5 percent increase in foreclosure filings over the same period.

Colorado urban foreclosure sales reach 6-year low for July, but filings rise Filings — the initial stage of the foreclosure process — were up 14 percent in July from the same month a year earlier, to 1,976, in the urban counties the report said. But foreclosure auction sales were down 23.7 percent, to 865, the lowest total for the month since 2007.

 Foreclosure sales down across Northern Colorado In Larimer County, foreclosure sales decreased year-over-year by 45.8 percent, from 59 in July 2011 to 32 in July. Weld County foreclosure sales decreased by 44.8 percent during the same period, from 96 to 53. Foreclosure filings show that the number of foreclosure sales should continue to decreased year-over-year. In Larimer County, the number of filings decreased by 22.6 percent to 72 in July and in Weld, filings decreased by 20.5 percent to 124.

Colorado, industry search for value of energy efficiency improvements When Cathryn and Paul Crane went shopping for a new home in Boulder, what they kept thinking about was their log cabin in the mountains. "We spent a winter there and were impressed with how energy- efficient it was," Cathryn Crane said. "Of course, there aren't log cabins in Boulder." The Cranes settled for a new house in the Northfield Village development in north Boulder with high-performance insulation and windows, zoned heating and programmable thermostats.