Foreclosure Numbers Today Are Nothing Like 2008

This video discusses how the foreclosure numbers today are nothing like they were during the 2008 housing crisis, even in Colorado. While millions of Americans lost their homes during the economic downturn, the current housing market is much stronger, with home prices steadily increasing and a high demand for homes in many parts of the state. The video presents statistics that show the number of homes in foreclosure today is only a fraction of what it was in 2008, with the foreclosure rate less than one-tenth of the peak during the crisis. The government has also taken steps to help homeowners who are struggling to make their mortgage payments, including Colorado residents who can benefit from the CARES Act. While there are still homeowners who may lose their homes, the number of foreclosures in Colorado is much lower than in 2008. The video offers advice for homeowners in Colorado to stay informed, keep up with their mortgage payments, and work with a housing counselor or professional to navigate the foreclosure process if needed. The message is clear: the reality of the current housing market is different from 2008, and homeowners in Colorado can take proactive steps to avoid foreclosure and keep their homes.