Colorado Springs Realtor - Cherise's Blog: Colorado Springs Foreclosure Status

Colorado Springs Foreclosure Status

Just hearing the word “foreclosure” sends shivers down my spine. How about you? Nonetheless, for many who’ve struggled financially, foreclosure has merely become part of the coping process of this recessive economy. Yet, the impact does not remain exclusive to those who end up as part of the foreclosure process. In fact, the detrimental fall of one also impacts the welfare of the whole – in terms of those who are part of the housing community.

Regarding Colorado Springs Real Estate, Heath Herber of Westerra Development Company meticulously calculates and creates charts about monthly housing statistics, including foreclosures.

According to his findings, here’s what Herber states, “The most interesting chart to look at this month is the foreclosure chart. The good news is we are seeing a drop in both the number of foreclosures started and for two consecutive months we have seen declines in the number of foreclosures completed. This is important because it is the foreclosures that are keeping downward pressure on home prices which in turn has limited the new home construction market. Even though we will probably see 2010 being another record year for foreclosures, if we can keep this downward trend going, it will be a strong signal that the housing market is finally recovering.

Feel free to contact our Colorado Springs Realtors at Selley Group Real Estate, LLC:

2139 Chuckwagon Rd, Ste 210 - Colorado Springs, Colorado 80919 - 719. 598. 5101

Portions of this article are written by Gordon, as framed by the expressed opinions of Cherise, but not proofread.

Comment balloon 5 commentsCherise Selley • June 23 2010 09:28AM

Comments

It will definitely be good news if the number of foreclosures falls & keeps falling.  They are so hard to see both because of the individual misery they represent - & also the horrible impact on the rest of the market.

Why don't you think about flying to the Portland RainCamp??  Would be so much fun to meet in person!! 

Posted by Nancy Conner, Olympia/Thurston County WA almost 10 years ago

Nancy,

I won't be flying out for RainCamp, but I can see us hooking up someday as I recently did with Paula Hamilton of AR (The Woodlands, Tx).  Just from reading your blogs and seeing your pic, I have suspicious feeling that we would probably connect very well.  Hope you have a great day!

Posted by Cherise Selley, Colorado Springs Realtor (Selley Group Real Estate, LLC) almost 10 years ago

Hey friends.  Glad to hear that market report.  I hope things continue to get better.  Have a quick break here so I thought I would get some AR activities done.

Posted by Paula McDonald ~ GRI, Granbury, TX 936-203-0279 (Beam & Branch Realty) almost 10 years ago

Cherise,

We can only hope this trend continues! 

 

Posted by Lori Cofer, REALTOR, Moscow Idaho Real Estate (Beasley Realty) almost 10 years ago

Thanks Cherise - we had sunshine & WARMTH today - finally- so it was a very good day.  Sorry not to see you at Portland Rain Camp, but yes, we will cross paths one of these days!  And I'll enjoy your blogs in the meantime!!

Posted by Nancy Conner, Olympia/Thurston County WA almost 10 years ago

Participate