RealityTrac, an independent company that tracks foreclosures in 100 different major cities, released its numbers today and the outlook doesn’t look good.
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Refinancing and purchasing of homes into adjustable rate mortgages became popular when rates reached their lowest in 2003. When interest rates started rising in 2004 lender’s shifted to interest only loans and option arms, a product that was once reserved for investors.
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The tepid Colorado Springs housing market needs a nationwide mortgage mess like a homeowner with a leaky roof needs a rainstorm.
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The Colorado housing market is on pace to see a 25 percent increase in foreclosure filings this year, with 19,460 being filed in the first six months of the year, according to a State Division of Housing report released this week.
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Sales of new homes in the Denver housing market were down more than one-third in the first half of the year from the first six months of 2006, as the market heads for a 13-year low in sales activity.
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Thinking about applying for a Colorado mortgage? Already an owner in this housing market? Consider the following questions…
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Angie Adams has been a real estate agent for 27 years in the Pikes Peak region, which means she’s learned the Colorado Springs housing market has more ups and downs than a Broadmoor mansion with front and back staircases.
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At midyear 2007, the Denver housing market continued its recent pattern of conflict, according to a new Metrostudy report.
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The last few years have been tough on real estate appraisers in the Colorado housing market.
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Royce Morales bought a foreclosed home for $86,000 last month, about half of its previous sales price.
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