Home / News / Financial Services / Idaho foreclosures keep dropping

Idaho foreclosures keep dropping

The number of Idaho homes with foreclosure filings in March dropped by 8 percent from February, continuing a steady decrease. Idaho now ranks 21st in the country in foreclosure activity, with one out of every 1,203 houses undergoing some form of activity, according to RealtyTrac, a real estate data company.

For the entire first quarter of 2013, Idaho ranked 20th in the country in foreclosure activity. The 1,566 properties with foreclosure filings were down 27 percent from the previous quarter and down 34 percent from same time the previous year.

Idaho ranked in the top 10 nationally in foreclosures for years, but has slowly been dropping down the ranking. The state’s foreclosure rate is now below the national average.

Nationally, foreclosure filings, which include default notices, scheduled auctions and bank repossessions, declined 1 percent from March to February. The decrease helped bring foreclosure rates for the first quarter of 2013 to the lowest point since mid-2007.

Idaho had a lower foreclosure rate than Nevada, Washington, and Utah, all of which ranked in the top 12 in the country.



About Brad Iverson-Long

Brad Iverson-Long is a reporter for the Idaho Business Review, covering banks, financial services, technology and new business.