Wednesday, December 12, 2012

Housing News Digest, December 12

Colorado foreclosure filings dip in November (Businessweek) DENVER (AP) — The number of homes going into foreclosure in Colorado metro areas has dipped to the lowest level in nearly six years, according to the Colorado Division of Housing. The division's monthly foreclosure report for 12 metropolitan areas in Colorado released Wednesday shows there were 1,450 new fillings in November. That's down 37 percent from last November's 2,296 and the lowest since the division began collecting monthly totals in 2007. Ryan McMaken, an economist with the division, in a statement says the decline is greater than expected. Counties showing the most improvement were Boulder, Douglas, and Weld where foreclosure filings were about half of what they were a year ago. The number of homes sold at foreclosure auctions also declined, falling from 1,290 last November to 880 last month.

Foreclosure filings in Colorado metro counties down 36.8 percent (Denver Post) In Denver, there were 219 foreclosure filings in October and 200 in November, a decrease of 8.7 percent. Foreclosure sales in Denver were 192 in October and 120 in November, a decrease 37.5 percent. Year-over-year in Denver, there were 312 foreclosure filings in November 2011 and 200 in November 2012, a decrease 35.9 percent. Year-over-year in Denver, there were 120 foreclosure sales in November 2011 and 120 in November 2012, for a zero percentage change.

  Boulder County, metro area see record-low in foreclosure filings (Boulder Daily Camera) Boulder County, metro area see record-low in foreclosure filings. Foreclosure filings dropped 36.8 percent in Colorado metro counties -- including over 50 percent in Boulder County -- during November of 2012 compared to the same month in 2011 and fell to the lowest level recorded in any month since the Colorado Division of Housing began keeping track of monthly numbers in 2007, according to a report released Wednesday.

  HUD: CO Homelessness Rose in 2012 According to the U.S. Department of Housing and Urban Development, Colorado saw an 11 percent increase in the number of sheltered and unsheltered homeless people from 2011 to 2012. The total number of homeless people in Colorado from 2011, was 15,116. That number increased to 16,768 in 2012. The number of chronically homeless also increased from 1,288 people to 1,612 people

  Local living costs still below U.S. average Although living costs in Colorado Springs remain below the national average, they have continued to climb closer to the average as housing and utility costs have moved higher in the past year. Living costs in the Springs were 3.3 percent below the national average during the third quarter, the closest they have been to the national average in nearly eight years and up from 6.8 percent below the average a year ago, according to a quarterly survey by the Arlington, Va.-based Council for Community and Economic Research. The index for the Springs hit a 20-year low in mid-2011 in comparison with the national average and has moved closer to the average every quarter since then; local costs were 3.9 percent below the averagein the second quarter.