We follow the latest news in your industry, so you don’t have to. On Tuesdays we shine the spotlight on the latest trends in the real estate industry.
Us Coloradoans consider ourselves lucky. We have the beautiful Rocky Mountains serving as a backdrop to our landscape, 300 plus days a year of sunshine and now news that foreclosures are down 28 percent, while our state is expected to create more jobs than the rest of the nation, according to economic analysts the 2012 Business Economic Outlook from the University of Colorado at Boulder Leeds School of Business.
According to the State Division of Housing, foreclosures are down 28 percent, year-to-date in November. The county with the largest decrease in foreclosures is Mesa (35 percent), while Denver foreclosure filings are down 32 percent.
Coupled with news that service providers in Colorado are expected to outpace other states in job creation, two of the biggest components of our state’s economy will addressed. While we’re not out of the clear yet in this crummy economy, we’re clearly lucky. At least luckier than most states. Having the sunshine and mountains doesn’t hurt.