Tuesday, October 23, 2012

New York Fed: Colorado 23rd in nation for REO inventory

Colorado is in the middle of the pack when compared to other states' REO inventory. According to a recent report released by the New York Fed, the total REO inventory in Colorado, as of June 2012, was 8,596 properties. That makes Colorado 23rd in the nation.

The breakdown:

COLORADO

Properties owned by lenders
(Real estate owned)8,596
Share of all United States REO1.9%
State rank15
REO loans share of all loans in state0.78%
State rank23
Change in REO inventory
from June '12 to December '13
in three scenarios:
CONTINUES
RECENT TREND
-26.9%
STABILIZING TREND-18.1%
DECLINING TREND+20.7%