RealtyTrac data released today illustrates a mixed picture of Idaho’s housing market.
The foreclosure tracker looks at two things each month: annual changes, and month-to-month changes. In Idaho, the annual trends are positive. It’s the month-to-month data that tends to be more volatile.
Idaho’s foreclosure rate ticked up slightly by just under one percentage point from June to July according to RealtyTrac.
In addition, new foreclosure starts increased 3.2 percent from June to July. Nationally, foreclosures and foreclosure starts are on the decline month-over-month.
If you look at the annual data, Idaho continues to improve. RealtyTrac data show Idaho’s foreclosure rate has almost been cut in half since July 2011. But Idaho is still near the top of the list for states with the highest overall foreclosure rates. While the Gem State spent much of last year in the top ten, the latest data from RealtyTrac puts Idaho at 14.
Idaho joins 38 other states where the annual measure is trending down.
As StateImpact has reported over the last few months, Idaho’s housing market is becoming more competitive again, especially in the Boise area.