CoreLogic released their July mortgage delinquency report for the nation and each state. Here are Colorado’s stats—

  • Our 30 day delinquency rate dropped to 1.9% this July from 2.3% last July.
  • Our 90 day+ delinquency rate dropped to 0.5% this July from 0.7% last July.
  • Our foreclosure rate dropped from 0.2% last July to 0.1% this July.


By comparison, here are Colorado’s delinquency rates from 2011, the year our market started its recovery—

  • Our 30 day delinquency rate was 2.4%
  • Our 90 day+ delinquency rate was 4.1%
  • Our foreclosure was 2.0%


When I saw how low our 30 day Delinquency rate was in 2011 that was an early sign of our market turning around as that meant far fewer distressed sales in the pipeline. And it’s rare we ever see a 30 day delinquency rate below 2%. Second, our 90 day+ delinquency rate is 87% lower today than 7 years ago! Our foreclosure rate is 90% lower than 7 years ago.


Why is this data important? A rising delinquency rate(s) could be an early sign of homes no longer being affordable and thus a higher risk of distressed sales may happen. But, our delinquency rates are still dropping and I won’t be concerned at all until our 30 day delinquency rate is over 4% probably and our 90 day delinquency rate is over 2%.