National news coverage of the number of foreclosures and the mortgage industry meltdown have made us all think our nation is in deep trouble. Bad news sells, while telling the entire story just might not be as interesting to the average viewer. So, it is nice to see complete news coverage on any national issue that affect such a large number of people.
Recently, CNBC the entire story when they produced a news clip that revealed the other part of the foreclosure story. They showed in an easy to visualize manner that only 2% of the nation's home owners have been affected by the foreclosure. Although 4 million homes are in the "at risk" category only about 2% of all homes are what the new media are focused on when they report on the housing problems. Although you need to watch the ad first, you will enjoy watching this CNBC video.
Indicator trends today are showing the foreclosure problem in Colorado is improving. The number of foreclosures filed in Colorado during the first quarter of this year was 11,630 while the number of foreclosures filed for the second quarter was DOWN to 10,875. Another interesting trend is that between 2006 and 2007, there was an increase in the number of foreclosures filed in our state. But, the number of foreclosures filed in the first quarter of this year are DOWN by 16% state wide.
Land Title Guarantee Company just released some other good economic and sales trend information about Denver and Colorado that is very interesting.
We are not out of the woods yet, but Colorado sure is experiencing an improvement in their foreclosure numbers. Simply put: Times are improving - at least for Denver and Colorado.
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