Friday, November 15, 2013

Housing News Digest, November 15

Colorado foreclosure filings drop to 2004 levels (Daily Camera/Denver Post)New foreclosure filings were down 46.1 percent in Colorado during the first nine months of 2013 compared to the first nine months of 2012, the Colorado Division of Housing reported on Thursday. That number, said the agency, dropped foreclosure filings in the state to 2004 levels. According to the report, there were 12,341 foreclosure filings reported from January through September of 2013, compared to 22,894 during the same period of last year.

 Colorado foreclosure filings headed to 9-year low (Loveland Reporter-Herald) Statewide, sales at auction declined 36.9 percent, from 12,143 in the first nine months of last year to 7,667 in the same period this year. In Larimer County, the drop was 40.8 percent, from 429 last year to 254 so far this year.

 Colorado foreclosure filings, sales down sharply (Denver Business Journal) New foreclosure filings in Colorado were down 46.1 percent through the first nine months of 2013 from the same period a year ago, and foreclosure auction sales dropped 36.9 percent, the Colorado Division of Housing reported Thursday.

 Colorado Floods Put Strain On Available Rental Housing September’s floods have increased the pressure on an already-tight rental housing market along Colorado’s Front Range. Even before the disaster forced many displaced home owners to seek rental housing, apartments were scarce and rents have been rising for several years. Vacancy rates are especially low in Boulder, Larimer and Weld Counties – with vacancies sometimes below three percent.

Colorado Springs-area foreclosures continued to decline in third quarter (CS Gazette)
Foreclosure filings in El Paso County, which includes Colorado Springs, totaled 458 in the third quarter, a 50.5 percent reduction from the same period a year ago. A foreclosure filing is the first step in the legal process that can result in the loss of a home or other property. In Teller County, which includes Woodland Park, filings totaled 36 in the third quarter, 18.2 percent fewer than a year ago.

Foreclosure sales - properties that went through the foreclosure process and were sold at a Public Trustee's auction - totaled 247 in the third quarter, a nearly 45 percent year-over-year decline. Sixteen properties were sold in Teller County in the third quarter, down 54.3 percent from last year.