Thursday, February 28, 2013

Housing News Digest, February 28

Foreclosure filings in state's metro counties fall 25 percent in Jan. Foreclosure filings in Colorado metro counties were down 24.9 percent in January year-over-year, the lowest level during any January in seven years, according to a report released Thursday by the Colorado Division of Housing. The report said there were 1,456 new foreclosure filings in January in the 12 Colorado counties described as metro — Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, El Paso, Jefferson, Larimer, Mesa, Pueblo and Weld. That was down from 1,939 in January 2012. Foreclosure auction sales in metro counties were down 19.1 percent compared to the previous January, from 1,150 to 930.

  Home loan payoffs up 30% in 2012 In Larimer County, the number of deeds released was 24,040, an increase of 30.2 percent over the previous year. In Weld County, 13,272 deeds were released, an increase of 31.6 percent from 2011. Deeds of trust can be released when a loan is refinanced or paid off, or when a homeowner purchases a new home.

  More Coloradans paid off home loans in 2012 The number of home loans paid off in Colorado was up 49.1 percent from the fourth quarter of 2011 to the fourth quarter of 2012, and they were also up 29.4 percent measuring the full year of 2012 compared to 2011, the Colorado Division of Housing said Monday. The report said that public trustees in Colorado released a total of 86,816 deeds of trust during the fourth quarter of 2012, which was the highest quarterly total recorded since the third quarter of 2009, when 87,400 deeds were released.

  Home buying, refinancing up sharply Home-refinancing and home-buying activity increased 27.2 percent in Boulder County in 2012 compared with 2011, according to new deed-of-trust statistics from the Colorado Division of Housing. -

  Colorado apartment vacancy rate falls in north, rises in the south The vacancy rate for Colorado apartments was down during the fourth quarter of 2012, with the statewide composite vacancy rate falling to 5.2 percent, according to a report released Wednesday by the Colorado Division of Housing.