It looks like you're new here. I appreciate you stopping by! Feel free to throw down some graffiti on my wall by adding a comment to this post! And, if you like what you see, please subscribe to the feed and I'll deliver all my new content, right to you! Thanks for visiting!

According to an article in the Rocky Mountain News, foreclosures will be down significantly in 2008 vs. 2007.

There were 14 percent fewer completed foreclosures in the first nine months of this year compared to the same period in 2007, according to the report released on Thursday by the Colorado Department of Local Affairs’ Division of Housing.

It is the first time that there has been a year-over-year drop in foreclosures since at least 2003, when the division began gathering statewide data.

Good news indeed, but they are preaching to the choir.  We’ve been bullish on the Denver Real Estate market for almost a year now.  The foreclosure market in Denver, is only a piece of the overall market.  The numbers of Bank Owned properties contribute, certainly, but they are only a piece of the puzzle.

The real issue this market is having today, is Psychologic, not Economic!  The national media, has been pounding bad news into our heads for so long, that we, as a housing market, are scared to death to act.

Once the buyer population gets off the couch and into the game, the domino effect will be significant!

What do you think?

Today from the Rocky Mountain News

Denver home prices fell 5.5 percent over the 12-month period that ended in February, which is less than half the 12.7 percent drop from 20 cities in the much-watched S&P/Case-Shiller National U.S. Home Price Index. View article…

Once again, as we’ve commented here many times, we may not be the ugliest kid at the party!

Men dressed as pigs frolicked outside the annual meeting of Richmond American Homes in Denver this morning, drawing attention to the role they say corporate home builders played in creating the mortgage and foreclosure crises. View article…

This one cracks me up! Let’s dress up as pigs, and frolick outside a builder’s place of business! This will teach them to sell homes to people who don’t take any personal responsibility for their finances.

The number of U.S. homes heading toward foreclosure more than doubled in the first quarter from a year earlier. View article…

I think this means the flood waters of foreclosure are cresting. Now let’s start getting back to figuring out who is going to scoop up these great deals!

What are your thoughts on these articles?