Urban Fold

Colorado Foreclosures Hit Ten-Year Low

Foreclosures, the defining signifier of the Great Recession for many Americans, are coming to a screeching halt in Colorado. In fact, the state’s foreclosure rate improved at about twice the national average between 2012 and 2013.

Aldo Svaldi reports on new data from RealtyTrac indicating the vastly improved state of the real estate market in Colorado: “Foreclosure activity in Colorado fell by 54 percent last year from 2012, with 16,684 homes, or 1 of every 132, at some stage of the foreclosure process.” New foreclosures in the state also produced good news, falling 58 percent.

For the sake of comparison, “U.S. homes in foreclosure fell by nearly 29 percent and the number of new foreclosure starts dropped by a third.”

Colorado has been performing well in other measures of prosperity too, showing well in a recent report about household wealth—one out of every 18 Colorado households has investable assets of $1 million or more.

Full Story: Colorado foreclosures tumble in 2013

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