Mesa County Still Struggling With Foreclosures
In Mesa County, there was a 21 percent increase in foreclosure filings. That is compared to the first five months of last year to the first five months of this year.
Out of 12 counties in the report, Mesa had the highest rate of foreclosure sales during May. The lowest rate was found in Boulder County.
Builder confidence edges up in June
Homebuilders grew more confident in June with buyers taking advantage of low interest rates and affordable prices, the National Association of Home Builders said Monday.
The index component measuring current sales conditions grew two points to a score of 32 in June, its highest level since April of 2007.
The Problem With Henry May Derail U.S. Recovery
McKay is what retail consultants call a Henry: High Earner Not Rich Yet. This cohort has helped a gamut of retailers from Target Corp. (TGT) to Saks Inc. (SKS) get through a spotty U.S. recovery. Now, as the global economy slows, the European debt crisis grows and U.S. unemployment ticks up, Henrys are tapping the brakes after just becoming comfortable spending again, said Pam Danziger, the president of Unity Marketing.
Foreclosure filings up in Colorado's metro counties (DBJ)
For the first five months of the year, foreclosure auction sales were down 27.1 percent from the same period of 2011, while foreclosure filings were up 1.7 percent, the report said.
Delinquent Homeowners More Negative than Underwater Group: Survey
Delinquent borrowers who responded to Fannie Mae’s National Housing Survey for the first quarter of 2012 expressed more negative viewpoints toward homeownership and paying their mortgage compared to underwater borrowers and those who have seen their home values decline. The data was collected to learn more about the attitudes of the delinquent borrower population that is oftentimes difficult to reach.
