Idaho Housing Market Shows Steady Improvement

Molly Messick / StateImpact Idaho

In Boise's tight housing market, Chad and Samantha Boucher made offer after offer. They at last moved into their new home this spring.

RealtyTrac’s midyear foreclosure report gives emphasis to the mantra we’ve been hearing all year about Idaho’s housing market: it’s improving.

Idaho still clocks in at 16th on the housing data provider’s ranking of states’ foreclosure rates.  But RealtyTrac’s numbers show the state’s rate fell by more than 10 percent from April through June, and by more than 50 percent over the last year.  By comparison, 20 states saw their foreclosure activity go up between June 2011 and June 2012.

Non-judicial foreclosure states, like Idaho, continued to show improvement relative to those that have a judicial foreclosure process.  Lenders in non-judicial foreclosure states do not have to prove in court that a mortgager is in default.

StateImpact Idaho has paid special attention to the Treasure Valley’s housing market turnaround.  Stories that include the perspectives of home builders, home buyers, municipal officials, realtors, and more are available here and here.