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As you know from my frequent updates, foreclosures are a problem for the housing market in Colorado. As I've illustrated, the depth of the trouble varies dramatically from region to region and city to city. Within Boulder County, foreclosures are concentrated in Longmont. The City of Boulder is far less affected. Meanwhile, the situation in Boulder County (as a whole) is a far cry from what's happening in Adams and Arapahoe Counties.
The bad news is that even though there was a dip last month, I suspect the foreclosure rate will take a few years to come down to more typical levels. Here's why (if the chart is hard to read, click for a larger image).

From the Baltimore Sun:
...a more aggressive rate cut by the Fed might help some homeowners with adjustable-rate mortgages, which are at the heart of Wall Street's concerns. These adjust based on indices that are influenced by the Fed funds rate. So a steeper rate cut would mean that mortgages that adjust in coming months would still go up, but not by as much.
By the way, I strongly recommend reading the mortgage market related section of the latest IMF Global Financial Stability Report. It's also the source of these graphics.
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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.