The Future is Looking Brighter

Well, we all have seen the news. The media continues to spread Gloom & Doom. But what are the real facts about the current Foreclosure Situation. Here are some recent stats that we think you will find interesting!


* 97.4% of all mortgages in the US are current. That means that 2.6% are either late or in foreclosure. It is estimated that .6 are late and 2.0 are in foreclosure.

* 75% of all foreclosures occur in 5 states

* Florida – heavy investment market
Michigan – automobile industry effects
California – impacted by soaring values in recent years
Nevada – heavy ARM market
Arizona – heavy ARM market

* The remaining 25% of foreclosures are spread over 45 states.

* In Colorado – there currently are 10,000 foreclosures, but many are multiple properties owned by the same person – so there are not 10,000 PEOPLE in default. The cities where there are the most foreclosures in Colorado are Denver and Pueblo.

Comments

Popular posts from this blog

Stunning Northgate Home with Sweeping Views of Pikes Peak

Take a Look at this Inviting Ranch Style Home in Indigo Ranch!

Check Out this Move-In Ready Main-Level Living Home!