Reports of lower numbers of foreclosures and mortgage delinquencies on a Colorado Springs CO home are not surprising. The Colorado Springs real estate market has fared better than many cities throughout the nation.
Foreclosures affect Colorado Springs CO home prices negatively by diluting the market with lower-priced homes. Fortunately, it appears that the anticipated shadow inventories may be minimal
According to an article published in the Colorado Springs Business Journal on January 29, 2013, the foreclosure rate for homes in Colorado Springs is down to 1.11 percent as of November 2012. The national foreclosure rate was 2.97 percent for the same time period. Information was gleaned from CoreLogic, a real estate analysis firm.
In addition, the mortgage delinquency rate also decreased year-over-year from 4.16 percent to 3.51 percent by November 2012.
For information about possibilities of a Colorado Springs CO home, contact Ann Heiring, top local REMAX agent at (719) 440-1010 or Toll Free at (800) 246-8978 to learn how our acclaimed city can work hand in glove to help you achieve your lifetime goals. In appreciation for those who serve our nation, Ann offers rebates for active and retired military.