Colorado Home Sales, Economic and Employment Trends Review released by the Colorado DOLA Division of Housing
The Colorado housing market and economy showed signs of improvement according to several key indicators as reported by the Colorado Division of Housing in September 2011.
Colorado gained 6,841 jobs and the non-seasonally adjusted unemployment rate fell from 8.7 to 8.3 percent in August compared to a year ago. Additionally, the rate of mortgage delinquencies remains below the national rate for 30-day delinquences, though the reported rate of 2.59 percent was higher than one year previous.
Overall foreclosure rates, including reported foreclosure filings homes sold at foreclosure sales auctions in Colorado declined for nine straight months. After ranking near the top of the foreclosure filings list for many months during the housing bubble, Colorado is now well below the national 30 day delinquency rate of 3.39 percent vs 2.59 percent for Colorado.
The Home Price Index statistics reported by the Federal Housing and Finance Agency show a decline of 4.7 percent when comparing the second quarter Colorado home sales price trends of 2011 vs 2010, with a net decline of 14 percent in Colorado home prices from the state's peak last reached during the third quarter of 2006.
Click here to view the full report: Colorado DOLA Division of Housing Snapshot September 2011
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