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Posted: Tue 11:43 AM, Dec 16, 2008
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Reporter: Associated Press Email

House Prices and Foreclosures Up, Home Sales Down.

**FILE** In this May 9, 2008 file photo, a foreclosure sign stands outside an existing home on the market in Denver. A record 9 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis continues to mount, the Mortgage Bankers Association said Friday, Sept. 5, 2008. (AP Photo/David Zalubowski, file)

Foreclosure rates in Grand Junction have increased for the month of October, according to numbers released from First American Corelogic. According to recent data, there were 113 foreclosures among outstanding mortgage loans for the month of October, up 0.10 percentage points. The mortgage delinquency rate has increased .20 percentage points.

Home prices also increased in October, putting the median price of a home at $212,800. In the same month, sales of single family homes decreased by 41%.

First American CoreLogic, is a collector of national, state and local data on home prices, forclosure and delinquency activity, real estate sales volume and mortgage loan activity.

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