In the middle of an article in the Denver Business Journal about Centex Homes putting a hold on its Colorado building operations is some good news. Even though new home sales have slowed and the median resale price last month dropped 10 percent from July 2007 to July 2008, down to $229,200, we’ll take good news wherever it comes from.

“Colorado’s housing market has been soft in recent years, as has the rest of the country’s, and remains challenged, but there have been signs of improvement.

Resales of single-family homes in the Denver area increased 6.54 percent to 4,154 in July from the same month of 2007, according to Metrolist Inc., metro Denver’s Multiple Listing Service. The Colorado Housing Division, which tracks statewide foreclosures, thinks foreclosures hit their peak here late this year.”