Although we began 2007 as the “most foreclosed upon state in the country”, as we near the end of 2007 Colorado has (thankfully) fallen out of the top 10. This month, Foreclosures.com reports that Colorado foreclosures have fallen 22.6% year over year, the biggest drop in the nation. Arizona, by comparison, saw foreclosures rise by 293%. Nationally, foreclosures this year are up 92%.Friday, November 30, 2007
2008 MARKET FORECAST - FORECLOSURES ARE FALLING
Although we began 2007 as the “most foreclosed upon state in the country”, as we near the end of 2007 Colorado has (thankfully) fallen out of the top 10. This month, Foreclosures.com reports that Colorado foreclosures have fallen 22.6% year over year, the biggest drop in the nation. Arizona, by comparison, saw foreclosures rise by 293%. Nationally, foreclosures this year are up 92%.