Thursday, August 26, 2010

My prediction actually came true

It's a red letter day. One of my economic predictions actually came true. Note this snippet from the Denver Business Journal:

Foreclosure filings in Colorado's 12 largest counties fell 29.5 percent in July from a year earlier, although they were up slightly from June 2010, the Colorado Division of Housing reported Thursday.
Completed foreclosures in the state's urban areas, meanwhile, fell 15.4 percent in July from 2009 and were down 10.9 percent from June 2010.
The new figures appear to back up state experts' predictions earlier this year that Colorado foreclosure sales -- the last stage in the foreclosure process if a homeowner can't work out a deal with a lender -- would start to come down after months of year-over-year decline in foreclosure-filing rates.

Huzzah. My batting average is now about .100