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Colorado Foreclosures Down 19%

Colorado Foreclosures Down 19%

by Brian Petrelli 17. July 2009 09:27

If you've been looking for houses, you already knew that foreclosures are hard to come by.

 From the Denver Business Journal: Foreclosures in Colorado dip

Colorado had the 10th-worst foreclosure rate in the nation in the first half of 2009, although foreclosures were down nearly 19 percent from the same period a year earlier, according to data released Thursday.

A total of 26,565 Colorado properties were in foreclosure between January and the end of June, or one for every 80 households, said RealtyTrac Inc., an Irvine, Calif.-based marketer of foreclosure properties.

That was down 0.7 percent from the second half of 2008, and down 18.62 percent from the first half of 2008.

Nevada had the worst foreclosure rate in the first six months of the year, with one filing for every 16 households. Arizona and Florida came in second and third.

Meanwhile, Colorado ranked 9th nationwide in June foreclosures, down from 8th in May. A total of 5,724 properties were in foreclosure in Colorado in June, or one for every 372 households.

That was up 17 percent from May and also up 17 percent from June 2008

 

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