“The 30-year mortgage rate was at a record low average of 3.36 percent during 2012, and that has really helped push up refinance and purchase activity in Colorado,” s Ryan McMaken [...]
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“By front-loading the mortgage relief, the settlement is helping stabilize the housing market in nationally and in Colorado,” John Suthers. [...] “That does not mean squat,” Ryan McMaken. [...] “There are still going to be some ups and downs, but declines in foreclosures this year have been larger than what we expected,” Ryan McMaken. [...] “Demand is strong enough to the point that even in markets where unemployment is still above eight percent, as in Pueblo and Colorado Springs, landlords were still able raise rents,” Ryan McMaken [...] “Some of the decline in the sales is the natural echo of the big decline we saw in filings last year, but I think it’s also being sustained by an ongoing effort by lenders to push short sales and distressed sales more often as a way of avoiding final foreclosure,” Ryan McMaken. [...] “As home sales and home prices, rise, it’s getting a little easier to avoid that final foreclosure sale through a short sale or even a conventional sale,” Ryan McMaken. [...] “We see that the counties with the most release activity tend to have higher incomes and are particularly popular places to live,” Ryan McMaken. [...] “The rent growth we’re now seeing is starting to look like what we experienced in the days of the dot-com boom,” Ryan McMaken. [...] “With all of the slowdowns and administrative delays that pushed foreclosure filings down so far last year, I expected a larger increase in filings this year that we’re seeing,” Ryan McMaken [...] |
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