Boise Foreclosure Real Estate Update
Foreclosures in Boise, Nampa, and other Treasure Valley cities has declined since May as compared to the same time last year. This has been the ninth month in a row that the local foreclosure rate has fallen.
Reports shows that the rate of foreclosures for outstanding mortgage loans in the Boise area was over 2.5% this May which is actually down from the over 3% that is was in 2010 – which is far below the national foreclosure rate of nearly 3.5%.
In addition the mortgage delinquency rates have also dropped with the 90 day or more rate being over a full percent lower than last years rate. Idaho homes likely to become short sales or foreclosures has also decreased slightly as compared to last year as well.
This turn could lead to a smaller inventory of available foreclosure properties in the Treasure Valley overall and a rise in general housing prices if these changes continue, making it an optimal time to find some of the best deals in Idaho real estate. Are you currently looking for a home in Boise, Eagle or Meridian? We can help you find the best available homes online today! Contact The Blake Mayes Team or visit our website to start finding homes today!
Tags: blake mayes team, boise foreclosure homes, boise homes, boise reo real estate
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August 13, 2011 at 5:53 am
The real estate market is telling us now is the time to buy. Regardless of what the media is throwing at us, the facts of housing sales are showing us that today is a great time to buy.