Foreclosure rate 'scary'
Through October, metro area running 28.4% ahead of 2003
By John Rebchook, Rocky Mountain News
November 10, 2004
Almost 10,000 metro-area real estate foreclosures have been filed in the first 10 months of this year, eclipsing last year's tally.
And only a technicality prevented that number from exceeding 10,000. That's because at least two counties - Denver and Arapahoe - decided not to hold foreclosure sales during the week before Christmas...cont'd
http://www.insidedenver.com/drmn/real_estate/article/0,1299,DRMN_414_3317736,00.html ___________
Have you been reading the Economy forum in the Politics and Issues area of DU? Plenty of bad news there.
http://www.democraticunderground.com/discuss/duboard.php?az=show_topics&forum=114It could be the time to buy if you are ready. Foreclosed homes might be the best place to start. Then as things worsen the larger market sales will likely become a lot more affordable...especially so in areas where the prices had been heavily over-inflated.