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In an article posted online today, the Denver Post announces: “Colorado foreclosures filings hit record high” Unfortunately, that’s the wrong headline. The most meaningful number is the completed foreclosures, not initial filings. Completed foreclosures were down, not up, compared to last year's average. And I didn't have to go anywhere else for my information. My calculations are based on the numbers in the article. The headline should have been: "Colorado's foreclosure pace decreases".
But then, my headline doesn't sound like bad news, does it?
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Good news doesn't sell newspapers. But how do we know the foreclosures that haven't been completed yet won't be completed during the next quarter?
ReplyDeleteWith retail sales down in the past month, it's tough to tell whether the upcoming news will be good or not. Let's cross our fingers and hope.
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