How Foreclosures Impact You.

You can’t read a newspaper or a financial website with out seeing articles about the large volume of foreclosures in the United States.  What does that mean for you?  Well, it all depends on “location, location, location.”  At least that’s what the front page of the Denver Post claims (dated September 5, 2007).  The article shows how in Denver markets, foreclosure rates vary significantly by neighborhood. As a Real Estate Agent, it seems like second nature to expect location would dictate the impact of ecconomic slowing and the current mortage crissis.  By evaluating three neighborhoods, the Denver Post writer sees a connection between average house price in an area and the rate of forclosure as well as the average appreciation rate.  Again, location.  Are you interested in knowing how your area has been impacted by the large numbers of foreclosures?  Your Real Estate Agent can do the same analysis that this article has done with information from your specific neighborhoods.  If you are in the Denver-Metro area, I can do that for you.