| Foreclosures in Colorado
Population:
22nd largest U.S. State by population, with 5,024,748 people (2009 estimate). 8th largest state in the country by area, at 104,185 square miles.
Largest city: Denver
Median income:$56,993 (2008 estimate)
Climate:
Yearly rainfall: 15.3
Yearly snowfall: 57.5 inches per year in Denver
Temperatures (High/Low) in capital city of Denver:
January, 43/15; July, 88/59
Foreclosures:
Foreclosure activity for 2009 increased in Colorado over the prior year. There was a total of 50,514 properties with filings. That works out to a rate of one filing for every 42 households, which is near the United States average of 45, and a little more than two percent of the state’s housing units.
Those figures represent an increase of less than one percent over 2008 and a 28 percent increase over 2007.
In 2008 there were about 106,800 existing homes (including condos, co-ops, and single-family homes but excluding new homes) sold in Colorado, compared to about 118,200 sold in 2007.
Economy:
Colorado started out as a mining territory and benefitted from major precious metals finds in the late 19th century. Later, the state diversified into agriculture, particularly livestock, wheat and corn, and both mining and agricultural presences exist to this day. Today, Colorado is home to many federal government facilities including NORAD, the US Air Force Academy, the US Geological Survey and the ADX Florence federal super-max prison. All of the government activity brings with it a private corporate presence from companies like Lockheed-Martin and Ball Aerospace.
Noteworthy: More than a third of the land in Colorado is owned by the federal government.
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