Royce Morales bought a foreclosed home for $86,000 last month, about half of its previous sales price.
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A handful of Colorado mortgage lenders are scaling back the type of loans they provide to consumers through mortgage brokers, prompted by a regulatory change aimed at reining in unscrupulous brokers.
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Sales prices were down for single-family homes and condominiums in the Denver housing market through the end of June.
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The Colorado Springs housing market remained mired in a slump in June, and at least one local economist says not to expect a turnaround until at least next year.
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As the summer months roll in, Colorado Realtors are working to keep up with the increased pace.
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Foreclosures increase, builders cut staff, mortgage rates tick higher… so, how is the housing market doing in your neighborhood?
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Despite widespread Colorado mortgage problems, the Denver housing market likely will buck this year’s national trend of falling home prices and sales, and may appreciate next year by as much as 10 percent.
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A record-shattering number of homes were listed for sale last month in the Pikes Peak region, while construction continued its slump — signs that the struggling Colorado Springs housing market isn’t getting better.
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The eye-popping Colorado mortgage foreclosure rate remains on the rise, but Gov. Bill Ritter signed five bills into law Friday that he thinks will keep more people in their homes.
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The Genesis Group research firm of Englewood has issued its “report card” for the Denver housing market in the first quarter - giving its lowest marks to foreclosures, the new-home market and permit activity.
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