Colo. foreclosure filings hit record high in 2QWet summer, foreclosures feed neighbors’ complaints to DenverColo. foreclosures fall from June to July as national filings swellSales of existing homes in Colorado fell in the second quarter, bucking a trend of rising sales nationally, according to a report Wednesday from the National Association of Realtors. Sales statewide were down 6.4 percent between April and June compared with January to March, the fourth-largest decline among states. Nationally, sales rose 3.8 percent between the two quarters. “With low interest rates, lower home prices and a first-time-buyer tax credit, we’ve been seeing healthy increases in home sales, which are a hopeful sign for the economy,” said Lawrence Yun, the association’s chief economist. Rising sales absorb the supply of unsold homes and can set the stage for price gains and eventual recovery. Colorado was one of nine states, however, where home sales didn’t rise. But analysts were uncertain of what it meant.
By Aldo Svaldi, August 13, 2009 Denver Post
Denver Post 8/13/09