First-time Homebuyers Driving up the Market, Foreclosures Down
The housing market is starting to show several signs of turning around. In the first-time homebuyers market, many want to take advantage of the $8000. tax credit. In the $250,000 and under price range, it is clearly a Sellers market as these first-time homebuyers drive up the market. Check out what is on the market now at www.coloradohomehelper.com
Today the Denver Post reported that Colorado’s foreclosure activity is down for the quarter. “Foreclosure activity in Colorado dropped by a third in the first three months of this year compared with the same period in 2008, according to a report Wednesday from RealtyTrac. ….Colorado had one foreclosure filing for every 169 homes, ranking 12th among states and on par with the U.S. foreclosure rate of one filing for every 159 homes. …… Back in 2006, Colorado’s foreclosure rate ranked first among states, according to RealtyTrac. That spurred a series of reforms, including the licensing of mortgage brokers and the creation of a foreclosure-assistance hotline.” For the full article, go to http://www.denverpost.com/economy/ci_12152077
If you enjoyed this post, make sure you subscribe to my RSS feed!
No Comments »
Leave a Reply
You must be logged in to post a comment.