Good news for Colorado Real Estate as Denver foreclosures have hit a three and half year low according to an article by Fox 31 Denver. The number fell to surprising low levels and they are at their lowest level since 2008!
Foreclosed home sales went from 1,300 in Oct. 2010 to 940 in Oct. 2011. New foreclosure filings also fell from 3,000 to 2,350. Auction sales were down 28 percent in October as compared to October 2010 according to Colorado Division of Housing spokesman Ryan McMaken.
We are hope that recovery is on the way and this pattern sets to continue?