Thursday, November 8, 2012

Housing News Digest, November 8

Colorado house foreclosures heading in the right direction KUSA - The Division of Housing in Colorado just released its latest statistics. They indicate Colorado home foreclosures have dropped 24 percent in September 2012, compared to September 2011.

  Foreclosure sales in Colorado down 23.6 percent so far this year Colorado foreclosure sales fell 23.6 percent in the first three quarters of 2012 compared with the same period last year, the state Division of Housing reported. The decline suggests continued recovery in the Colorado real estate market with home sales and prices rising.

  Renting turns competitive in tight housing market Finding a home to rent in Fort Collins has practically turned into a competitive sport. Players must be prepared to move quickly, decisively and with determination. The super-tight housing market has some would-be renters feeling pressured to sign leases the same day they see places out of fear the apartment, condo or house they covet could be gone the next day.

  Data gathered for home sales throughout Colorado Homes for sale in La Plata County are priced higher and stay on the market longer than others in the region and the state, according to real estate data released this week. The report, released by the Colorado Association of Realtors, is the first-ever compilation of local real estate data from the entire state, said Don Ricedorff, a real estate broker with the Wells Group.

 From the AP:
DENVER (AP) - A Colorado Division of Housing official says it's getting easier to avoid foreclosure by using a short sale or a conventional sale because of the improving housing market. Ryan McMaken says foreclosure sales fell nearly 24% in the first three quarters of 2012, compared with the same period last year.