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Want to know more about how foreclosures affect the market in Denver? How about the number of building permits year-to-year or the supply of new and resale homes and what they may do to your home’s value? For a good summary with charts, click on this link. Although it is a summary, it may have more detail than you want, so here is a summary of the summary. [Extensive reports can be ordered from The Genesis Group by selecting the “Products” tab.]

Foreclosures:

“Initial foreclosure filings in the metro Denver area are on pace to reach a level for 2007 that would be approximately equal to half of the annual number of existing home sales in a ‘normal’ market.”

Economic Trends:

A mixture of good and bad news. Good—employment, consumer confidence, and fairly level interest rates. Bad—new and resale home sales, bankruptcies, supply of both new and resale homes (i.e. how many months it would take to sell all the homes currently for sale if no new listings came on the market).

Building Permits: