Summit county Colorado real estate
Real Estate Trends, Real Estate in US | (7)
The real estate market is going through volatile and turbulent times. The Colorado real estate market is no exception to the trend. For the year closing Dec 2007, a 40% jump has been reported in the foreclosures. That’s around 40,000 in absolute terms. To the director of Colorado Division of Housing, this was a setback since the expectations were hovering around 30%. If you the take the base year as 2003, that’s a straight 190% increase in foreclosures.
On the other hand the foreclosure sales stand at around 25000 (in absolute figures). So, that’s a 45% YoY increase. With so ...