Denver Foreclosures Have Reached Their Peak and Turned
And, from the Denver Post today, even more support for the tide turning on foreclosure activity. Short sale activity may be helping with this decline in foreclosure activity too!
Foreclosure activity not yet at peak nationwide but near plateau in Colorado
Read more:Foreclosure activity not yet at peak nationwide but near plateau in Colorado – The Denver Posthttp://www.denverpost.com/business/ci_17090821#ixzz1BOh9mL1s
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Long term, this trend will be good for Denver and surrounding Colorado Communities, but when 10, 15 and even 20K+ families are losing their homes each year, this is negatively impactful on the overall regional economy. Vacant homes do not strengthen the economy. Owner occupied homes strengthen the economy. Until we start selling owner occupied homes again, we will not enjoy the upward potential that this market is ready to provide.
