Blessings Realty | Colorado Springs and Monument Realtor

Changing minds about Realtors

  • Properties
  • About Blessings
    • Meet Our Blessings Team
    • Why Choose Us?
    • Designations
  • Neighborhoods
    • Cathedral Pines
    • Flying Horse
    • Kings Deer
    • Northgate
    • Woodmoor
  • Blog
  • Reviews
  • Contact Blessings

The Foreclosure Crisis: 10 Years Later

March 23, 2017 By Claire Garlick Leave a Comment

CoreLogic recently released a report entitled, United States Residential Foreclosure Crisis: 10 Years Later, in which they examined the years leading up to the crisis all the way through to present day.

With a peak in 2010 when nearly 1.2 million homes were foreclosed on, over 7.7 million families lost their homes throughout the entire foreclosure crisis.

Dr. Frank Nothaft, Chief Economist for CoreLogic, had this to say,

“The country experienced a wild ride in the mortgage market between 2008 and 2012, with the foreclosure peak occurring in 2010. As we look back over 10 years of the foreclosure crisis, we cannot ignore the connection between jobs and homeownership. A healthy economy is driven by jobs coupled with consumer confidence that usually leads to homeownership.”

Since the peak, foreclosures have been steadily on the decline by nearly 100,000 per year all the way through the end of 2016, as seen in the chart below.

If this trend continues, the country will be back to 2005 levels by the end of 2017.

Bottom Line

As the economy continues to improve, and employment numbers increase, the number of completed foreclosures should continue to decrease.

Save

Filed Under: Buyers, Distressed Properties, Foreclosures, Housing Market Update, Sellers Tagged With: Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates

Foreclosure Rate Drops to Pre-Crisis Levels [INFOGRAPHIC]

September 23, 2016 By Claire Garlick Leave a Comment

Foreclosure Rate Drops to Pre-Crisis Levels [INFOGRAPHIC]

Some Highlights:

  • Only 2.9% of homes are in serious delinquency, down 17.1% from July 2015.
  • This is the 57th consecutive month with a year-over-year decline.
  • The national foreclosure rate has returned to August 2007 levels, at only 0.9%.

Filed Under: Buyers, First Time Homebuyers, Foreclosures, Housing Market Update, Infographic, Move-Up Buyers, Sellers Tagged With: First Time Home Buyers, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Infographics, Move-Up Buyers

Are Foreclosures Increasing or Decreasing?

May 18, 2016 By Claire Garlick Leave a Comment

Are Foreclosures Increasing or Decreasing?

Recently, there has been a lot of talk about the size of the foreclosure inventory in the nation. There has been some speculation that distressed property inventories are about to skyrocket. Today, we want to reveal what is actually taking place in this segment of the housing market.

CoreLogic, in their most recent National Foreclosure Report, reported that foreclosure inventory has decreased by 23.2% since this time last year. The report also showed that foreclosure inventory has decreased in 49 of the 50 states and that 45 states have posted a year-over-year, double-digit decline (see chart below).

20160518-ENG-STM-1024x768

Other findings in the report:

  • The Seriously Delinquent Rate (homeowners more than 90 days behind in their mortgage payment) is 3.1% which is the lowest level since November 2007
  • The Foreclosure Rate is 1.1% which is also the lowest level since November 2007
  • This was the 53rd consecutive month that showed a decline in the Foreclosure Rate

Bottom Line

Though foreclosures do remain in the market, the number is dramatically decreasing. The fact that mortgage delinquency rates are also decreasing means the worst of the foreclosure crisis is in the rearview mirror.

Filed Under: Foreclosures Tagged With: Foreclosures

Homes for sale Colorado Springs and Monument Colorado
Claire Boynton, The Platinum Group Realtors Monument Colorado Real Estate

Articles

  • Baby Boomers
  • Buyers
  • Buying Myths
  • Colorado Updates
  • Community
  • Construction Industry
  • Curb Appeal
  • Demographics
  • Distressed Properties
  • Down Payments
  • Education
  • Entertaining
  • Events
  • Explore Colorado
  • Finance
  • First Time Home Buyers
  • First Time Homebuyers
  • Fitness
  • Foreclosures
  • FSBO's
  • Gardening
  • Health and Fitness
  • Holidays
  • Home Decorating
  • Home Design
  • Home for Rent
  • Home Improvements
  • Home Maintenance
  • Home Office
  • Home Staging
  • Housing Market Update
  • Infographic
  • Interest Rates
  • Interior Design
  • Just For Fun
  • Loans
  • Local News
  • Luxury Buyers
  • Luxury Market
  • Military
  • Millennials
  • Move-Up Buyers
  • New Construction
  • Pricing
  • Real Estate Tips
  • Rent vs. Buy
  • Sellers
  • Selling Myths
  • Senior Market
  • Sold Homes
  • Things to Do
  • Travel
  • Uncategorized
  • Veterans

About Blessings Realty

We perform top notch sales and marketing services for residential homes and land. We help home buyers find the right homes for their needs. Also specializing in new construction and rental properties. Whether you are a first-time home buyer or seller or have bought and sold many homes before, we will Read More…

  • Email
  • Facebook
  • LinkedIn
  • Twitter

Find Monument, Colorado and Colorado Springs Homes For Sale

Welcome and thank you for visiting our Blessings Realty website! We are Monument-based real estate experts providing information about the Monument and Northern Colorado Springs, CO real estate market.

While you’re here, please check out 80132 homes for sale in Monument, CO, as well as other real estate listings around the area.  View listings, photos, market data, and use our detailed real estate filters to find the perfect place.

Please contact us today at (719) 425-8929 to buy or sell real estate in Colorado Springs and Monument, Colorado – or for help with your property management and probate real estate needs – we would love to speak with you!

Sincerely,

Claire and Jeff Garlick of Blessings Realty

Copyright © 2023 Blessings Realty · Site by Socially Exceptional

  • Terms of Service · Privacy Policy