My colleague, Pam Metzger at Colorado Landmark , crunched the numbers and here is the latest on foreclosure activity and bank owned (also called REO which stands for Real Estate Owned) property sales in Boulder County.
As the data below shows, the number of REO properties sold in the 1st quarter of 2009 is down 30% from the same period in 2008, and down almost 14% from the same period in 2007. Prices of bank-owneds in 2009 have crept up only slightly from 2008. Over 60% of those properties were sold at prices below $200,000. This is great news for first-time homebuyers interested in Longmont who want to take advantage of historically low interest rates and bargain home prices. It’s also a great time to pick up a rental property if you are interested in investment opportunities.
hot on elephant
A letter to the Anger that refuses to Leave Me. 120 shares The Most Powerful Moon of the Year: New Moon & Solar Eclipse in Pisces. 59,398 shares A Relationship will only be as Good as the Sex. 10,746 shares Welcome to Pisces Season: A Love there is no Coming Back From. 13,492 shares How Women ruin Good Men. 4,347 shares If You Love an Intuitive, Old-Soul Pisces, Read This. 10,790 shares If You have to “Think About It,” then I’m Not the One for You. 5,018 shares What Rumi had to Say about Unhappy Love. 249 shares Not sure I thought I’d ever say this, but Ashton Kutcher is about to inspire you to tears. 2,300 shares February’s New Moon in Pisces & Solar Eclipse. 2,180 shares