Thursday, April 26, 2012

Housing News Digest, April 26

Colorado foreclosure auction sales down 25 percent in 2012 (Denver Post)
New foreclosure auction sales were down 25 percent in Colorado during the first quarter of 2012, compared to the first quarter of 2011, according to a report released today by the Colorado Division of Housing.
Following three quarters of declines, auction sales rose slightly during the first quarter of this year, but remained well below the totals reported during the first quarter of last year, according to the report.

Sharp drop in Colorado foreclosures in Q1 (DBJ) By county, 11 of the state’s 12 metropolitan counties reported year-over-year declines in foreclosure sales in the first quarter. Denver and Douglas counties both had 39 percent drops, while El Paso County fell 24 percent. Only Broomfield County reported an increase, with auction sales rising 36 percent there.

Foreclosure activity down in Larimer County and statewide (Loveland RH) In Larimer County, lenders filed for foreclosure on 306 properties in the first quarter of this year, a 3.8 decrease from the first quarter of 2011. That number also was a 3.5 percent decline from the previous quarter, the report said. Statewide in the first quarter, new filings declined 3.7 percent from last year and 8.9 percent from the previous quarter.

 Foreclosure activity slows in Pikes Peak region during 1st quarter (CS Gazette) The Pikes Peak region was one of several areas in the state that saw a slowdown in foreclosure activity during the first few months of 2012, according to a Colorado Division of Housing report released Thursday. Foreclosure filings in El Paso County, which includes Colorado Springs, fell 11.3 percent in the first quarter when compared with the same period a year ago. Meanwhile, year-over-year foreclosure sales saw a 24.1 percent reduction.

 Weld Foreclosure Sales Down 33.8% in 2012 Compared to 2011 (Greeley Trib) Foreclosures are continuing their downward spiral in Weld County with a decline of 17.8 percent in filings and 33.8 percent in sales at the end of the first quarter of 2012 compared to last year at the same time.

 Boulder County foreclosure sales, filings outpace state average (Longmont Times Call) The Colorado Division of Housing said Wednesday that Boulder County reported 214 foreclosure filings in the first quarter of 2012, a 7 percent drop from the 231 reported in the first quarter of 2011. That compares with 7,783 filings statewide during the quarter, down nearly 4 percent from a year ago.

 New stats show improving housing market (NCBR) Foreclosure activity in Larimer and Weld counties is slowing amid new signs of a real estate recovery. According to state data, new foreclosure filings were down in the first quarter compared with the same period a year earlier, declining by 3.8 percent to 318 filings in Larimer and by 17.8 percent to 412 filings in Weld.