wo reports this week from the state Division of Housing bring good news about real estate conditions in Colorado.
Payoffs of home loans, an indication of demand for real estate, increased 31 percent statewide in the first quarter, according to a report released Tuesday.
And Wednesday, the Housing Division revealed that lenders started foreclosure proceedings on only half as many properties in May as in the same month a year ago.
Those 1,113 new foreclosure filings in the state’s 12 metro counties represent a 50.5 decrease, according to the report.
The May foreclosure decline continues a trend seen all year. In the first five months of 2013, new filings were down 43.4 percent compared with the same period a year ago. Read More