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Colorado rank: 47 90+ Day 1.76% 1.94% -9.3% 90+ Day 1.59% year ago 0.91% percent point change 74.0% 83.7% Top Core-Based Statistical Area GRAND JUNCTION, CO 90+ Day 2.27% year ago 2.51% percent point change -9.9% -8.4% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90- plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the August 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 2.45% Delinquency Rate august 2012 2.24% Foreclosure Rate 1.82% Delinquency Rate Foreclosure Rate august 2012 1.45% year ago 1.75% percent point change -17.0% Top County HUERFANO COUNTY Delinquency Rate august 2012 3.34% Foreclosure Rate Unemployment Rate 8.2% 8.3% -1.2% prime loans in foreclosure (1.2 percent), and subprime loans in foreclosure (6.2 percent) are less than half the national average. Since mid-2011, the Centennial State's The state also ranks near the bottom for market has been in recovery, mainly because Colorado missed most of the housing price boom and bust. IHS says the state's variable weather and less affordable land kept it from experiencing the same bubble that hurt other states. While job growth in Colorado has been unsteady for most of 2012, the trend still seems to be generally positive, according to IHS. Manufacturers, particularly those in the durable goods sector, have been adding jobs steadily, and the wholesale, retail, and health- care sectors are all seeing expansion in hiring. IHS also noted that public sector jobs in Colorado are faring better than in most other states, especially at the state and local government levels. Many of these jobs are in public school education, where employment is holding steady enough to keep job growth in the state from dragging. IHS points out that the state's economic Colorado problems stem from the severe wildfires that raged across the West for most of the summer. According to the firm's report, "The unusually severe wildfire season has been disruptive to certain sectors, especially the outdoor recreation industry. The state's unemployment rate sneaked back above 8 percent recently, partly because of gains in the reported labor force." Due to the positive trend in Colorado's 303-456-7790 Direct || 303-619-4803 Cell www.zacbrownrealestate.com www.thehaasteam.com zaclbrown@aol.com & The Haas Team ZAC BROWN Re/Max Alliance even stronger," said Margaret Kelly, CEO of RE/MAX. "Nearly every month in 2012 experienced increased sales and prices over 2011, showing that we've definitely passed the bottom and we're looking forward to 2013 being an even better year." However, RE/MAX also found that home inventory dipped 29.7 percent below its August 2011 level—a trend the company report says "remains a serious challenge to this recovery." The median sales price for homes sold in August was $168,685, down by only 0.2 per- cent from July. Prices crested this summer in June and remained higher compared to last year July and August. In August the median price rose 6.3 percent year-over-year, marking the seventh consecutive month that prices rose annually. Forty-six of the 53 metro areas covered by the RE/MAX report saw prices tick up from last year, with 15 observing double-digit increases. Among those 15 metro areas are Phoenix (33.9 percent), Boise (24.1 percent), San Francisco (22.6 percent), Las Vegas (19 per- cent), Miami (17.8 percent), and Billings (16.6 percent). RE/MAX also reported the average number of days on market fell to 81, reflecting a decline of one day from the average in July. Connecticut rank: 8 90+ Day economy, payrolls are expected to expand 1.8 percent this year, an increase from 1.5 percent growth in 2011. IHS says manufacturing of durable goods is providing a large share of the current job growth with a rebound in the con- struction sector creating more high-paying jobs. IN THE NEWS IHS Examines Colorado's State of Housing, Jobs relatively healthy, with loans in foreclosure making up only 1.9 percent of total loans for the year's second quarter as compared to the national average of 4.3 percent, according to the U.S. Regional Economic Group at IHS Global Insight. Colorado's housing market remains 80 Home Prices Up Yearly, Inventory Down Nearly 30%: RE/MAX MAX issued a report stating home prices skimmed close to the bottom during July but climbed 6.3 percent year-over-year by August. In its latest National Housing Report, the company also noted that home sales jumped 8.5 percent year-over-year, continuing their ascent from the last 14 consecutive months. "As we move from summer to fall, it Denver-based real estate franchisor RE/ is very encouraging that this year's home selling season began strong and finished 2.68% 2.66% 0.9% 90+ Day 4.22% year ago 4.09% percent point change 3.4% 24.5% Top Core-Based Statistical Area NORWICH-NEW LONDON, CT 90+ Day 2.81% year ago 2.76% percent point change 1.7% 18.2% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90- plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the August 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. 5.57% Delinquency Rate august 2012 6.58% Foreclosure Rate 6.90% Delinquency Rate Foreclosure Rate august 2012 5.62% year ago 4.97% percent point change 13.1% Top County WINDHAM COUNTY Delinquency Rate august 2012 8.59% Foreclosure Rate Unemployment Rate 9.0% 8.8% 2.3%