July 16, 2024

For the first half of the year, the Denver area logged more than 12,000 foreclosures, a 25 percent increase over the first six months of 2006.

"It is devastating to see the number of families going through this," said Zachary Urban, who heads the Colorado Foreclosure Hotline.[tags]foreclosures,home foreclosures,real estate bubble,housing bubble[/tags]   downtown San Diego condos   real estate foreclosures

5 thoughts on “12,000+ forclosures in Denver Just for 1st. Half of 2007

  1. I TELL EVERY PERSON HERE NOW. SOCIALISM IS NOT THE ANSWER AND WILL RUIN THE AMERICAN DREAM. STOP THE CORP WELFARE PROGRAMS AND THE GENERAL WELFARE PROGRAMS ALL TOGETHER. The socialist politics in this country must be abolished. we need free markets, less regulation, no gov. guarantees , personal accountability in the free markets — let there be skin in the game for the risk takers….

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  2. Consumer demand will drop. Unemployment will rise. The US will go into a recession at best, a depression at worst. Expect first stagflation (high inflation and high unemployment), both because of the increased price of imports and deliberate pump priming by the Fed, then deflation, as asset prices collapse so hard they take everything else with them. The other likely scenario is stagflation followed by hyperinflation. Formal inflation numbers put out will become not just a joke amongst market-watchers, but amongst the actual population. Same thing with unemployment numbers.

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