Foreclosures rise locally

Published On: December 15, 2009

Foreclosures in SE Idaho have increased the past couple months signficantly.  They still constitute less than 3% of all homes on market but the number as roughly doubled in the past six months.

Why?  Probably the driving forces are similar to the rest of the U.S.  --- rising unemployment, soft values, etc.

Even though our local economy is stronger than most of the country and our values have fallen less than most areas, we are still impacted --- just to less degree.