In the Denver metro area foreclosures are down 31.4% in May from the previous year. According to a report released by the Colorado Division of housing. Does this show a robust healthy economy moving into the next few years? Colorado is being referred to as the California of 30 years ago, and with many big companies moving here and the desire for young professionals to move here we can continue to see this pattern for years to come low inventory and many offers in the average price range of homes.
We can see a decrease in the years in Colorado of foreclosures. Are we seeing more responsible buyers? I definately see a more cautious buyer in the day to day business, regardless what they qualify for buyers are taking responsibility and sticking to a limit in their monthly spending. I typically hear we do not want to go over this amount for our monthly mortgage, regardless that they qualify for much much more with regards to their mortgage. A refreshing and responsible take on such a large purchase in our lives. In many ways we are recycling our ways and moving back to the cities to avoid a commute, living within our means not beyond.
Robust and growing is an understatement as to what we are seeing in the Denver metro area. We have many calling our office for foreclosures and we can see it will be getting harder and harder to find one in our communities.
If you are interested in making a responsible purchase in the Denver metro area please contact.
Sandra Jarock
MB The Brian Petrelli Team
cell 303-260-9960
sandra@petrelliteam.com
- "Based on information from Colorado Division of Housing for the period May 2014 through May 2015 Note: This representation is based in whole or in part on content supplied by Colorado Division of Housing does not guarantee nor is it in any way responsible for its accuracy. Content maintained by Colorado Division of Housing, may not reflect all real estate activity in the market.
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