What is Colorado’s Foreclosure Rate?
By teamcox •
September 17th, 2008
I was watching the Channel 2 (KWGN) newscast tonight, and wanted to point out a grave misstatement. During the story entitled, “Homeowners rescued from foreclosure,” it was mentioned twice that one in five homes in Colorado are in foreclosure! According to RealtyTrac, this is completely inaccurate. Colorado’s actual foreclosure rate in August was approximately one per every 452 households. It seems that Channel 2 needs to do a little better research before reporting that 20% of all Colorado homes are in foreclosure! Now, that is a scary thought!
For accurate information on Colorado’s foreclosure rate, please contact TeamCox Realtors at 303-400-6060.
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Comments
It’s frustrating when the news doesn’t check their facts! We definitely have our share of foreclosures; but no reason to make it look worse than it is.
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