Special offer

Colorado Short Sale Statistics

By
Real Estate Agent with Keller Williams Front Range Properties

Colorado Short Sale Statistics

www.coloradoshortsalesite.com

There were 4,843 foreclosure properties in Colorado for the month of May. This equates to 1 in every 444 housing units according to Realty Trac. Unemployment in Colorado was 8.0% in May.

The top five states for Foreclosure activity are:

                                                                            Unemployment (%)

California - 72,030                           1 in 185                    12.4

Florida - 50,685                               1 in 173                    11.7

Michigan - 20,322                            1 in 223                    13.6

Arizona - 16,097                              1 in 169                    9.6

Illinois - 15,061                               1 in 350                    10.8

Compared to the five bottom states for Foreclosure

Vermont - 19                                   1 in 16453                6.2

North Dakota - 66                            1 in 4747                  3.6

Wyoming - 102                                1 in 2415                 7.0

West Virgina - 114                           1 in 7775                  8.9

South Dakota - 168                          1 in 2151                  4.6

The thing I find very interesting about this table is the correlation between unemployment and Foreclosures. If we want to stop the downward spiral we need to create more jobs. A jobless recovery is not going to get it done. It looks like North and South Dakota have it figured out. What are they doing?

Comments (1)

Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo
 

yes they look so nice but Foreclosures are such tough on to stomach.

Nov 22, 2011 04:15 AM