{"id":6733,"date":"2012-04-19T14:00:10","date_gmt":"2012-04-19T20:00:10","guid":{"rendered":"http:\/\/stateimpact.npr.org\/idaho\/?p=6733"},"modified":"2012-04-19T08:20:55","modified_gmt":"2012-04-19T14:20:55","slug":"fewer-bank-owned-homes-for-sale-in-southwest-idaho","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/idaho\/2012\/04\/19\/fewer-bank-owned-homes-for-sale-in-southwest-idaho\/","title":{"rendered":"Fewer Bank-Owned Homes For Sale In Southwest Idaho"},"content":{"rendered":"<div id=\"attachment_3756\"  class=\"wp-caption module image left\" style=\"max-width: 300px;\"><a class=\"fancybox\" title=\"This foreclosed home in the Boise suburbs was put up for sale in September.\" href=\"http:\/\/stateimpact.npr.org\/idaho\/files\/2012\/01\/Nampa-Foreclosure.jpg\" rel=\"\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-3756\" title=\"Nampa Foreclosure\" src=\"http:\/\/stateimpact.npr.org\/idaho\/files\/2012\/01\/Nampa-Foreclosure-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/stateimpact.npr.org\/idaho\/files\/2012\/01\/Nampa-Foreclosure-300x225.jpg 300w, https:\/\/stateimpact.npr.org\/idaho\/files\/2012\/01\/Nampa-Foreclosure-220x165.jpg 220w, https:\/\/stateimpact.npr.org\/idaho\/files\/2012\/01\/Nampa-Foreclosure-138x103.jpg 138w, https:\/\/stateimpact.npr.org\/idaho\/files\/2012\/01\/Nampa-Foreclosure.jpg 400w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><p class=\"wp-media-credit\">Molly Messick \/ StateImpact Idaho<\/p><p class=\"wp-caption-text\">This foreclosed home in the Boise suburbs was put up for sale in September.<\/p><\/div>\n<p><em>Idaho Business Review<\/em> <a href=\"http:\/\/idahobusinessreview.com\/2012\/04\/18\/bank-owned-homes-being-held-off-the-market\/\" target=\"_blank\">reports<\/a> the number of bank-owned homes for sale in southwest Idaho dropped almost 20 percent from February through the end of March.<\/p>\n<p><del><em><\/em><\/del>The publication cites a recent report from Idaho Data Providers, which says the number of bank owned homes (REOs) dropped from 1,176 to 973 during that time period.<\/p>\n<blockquote><p>\u201cThis fact is worth mentioning since foreclosure sales are still occurring, and the vast majority of properties are going back to the lender, but there haven\u2019t been that many REO sales to account for the decline,\u201d Idaho Data Providers President Charlie Nate said in the report.<!--more--> \u201cThis is evidence that lenders are holding REOs off the market and probably renting them for a while to help keep the market stable.\u201d &#8211; IdahoBusinessReview.com<\/p><\/blockquote>\n<p>Meridian lawyer and <del><\/del>Frontline Realty owner Lance Churchill told the <em>Idaho Business Review<\/em> that banks are still taking homes back through the foreclosure process, but are holding some of them off the market<\/p>\n<blockquote><p>&#8220;Fannie Mae, Freddie Mac and lenders have started programs in which they rent bank-owned homes to residents instead of selling the homes immediately, which helps keep the market from being flooded with REO properties, Churchill said. Fannie and Freddie are government-sponsored enterprises that buy mortgages from lenders.&#8221; &#8211; IdahoBusinessReview.com<\/p><\/blockquote>\n<p><del><\/del>As <em><\/em><strong><em>StateImpact<\/em> <a title=\"Little By Little, Idaho\u2019s Hard-Hit Housing Market Begins To Revive\" href=\"http:\/\/stateimpact.npr.org\/idaho\/2012\/04\/12\/little-by-little-idahos-hard-hit-housing-market-begins-to-revive\/\">reported last week<\/a><\/strong>, home prices and new home construction have recently begun to tick upward in Boise.\u00a0 Those significant indications of improvement in the local housing market have come about as the inventory of available foreclosures has declined.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Idaho Business Review reports the number of bank-owned homes for sale in southwest Idaho dropped almost 20 percent from February through the end of March. The publication cites a recent report from Idaho Data Providers, which says the number of bank owned homes (REOs) dropped from 1,176 to 973 during that time period. \u201cThis fact [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":3756,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[40,46],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/6733"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/comments?post=6733"}],"version-history":[{"count":0,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/posts\/6733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/media\/3756"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/media?parent=6733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/categories?post=6733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/idaho\/wp-json\/wp\/v2\/tags?post=6733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}