Here is a bit of bright news to end the week: Colorado Foreclosures have dropped 14% since 2007. Looks to be a variety of factors, from a change in our foreclosure law, to support from foreclosure counseling services, to an increase in Short Sales.
This mirrors what we are seeing in the sub $200k inventory market. Our MLS inventory is actually at a 2-3 month supply in many neighborhoods. Hopefully this will contribute to a recovery in early spring.
You can read the whole story by John Rebchook of the Rocky Mountain news if you follow this link: http://tinyurl.com/6mowle
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