2012 was a good year, comparatively, for Idaho’s housing market.
RealtyTrac’s year-end foreclosure report was released this morning, and it shows Idaho’s foreclosure rate and rank among states continue to drop. The Gem State now ranks 14th, bumping Idaho out of the top 10 in the annual ranking for the first time in years.
Source: RealtyTrac’s December 2012 county-by-county foreclosure map.
RealtyTrac reports 7,785 Idaho properties had foreclosure filings in 2012, a more than 30 percent reduction from 2011. Compared to 2010, last year’s number of foreclosure filings is down almost 60 percent.
Idaho’s southwestern neighbor, Nevada, is no longer the state with the highest number of foreclosures. After five years of that unwanted distinction, Florida has taken the top spot.
Here are the states that had the highest foreclosure rates in 2012, according to RealtyTrac:
- South Carolina