Boise Foreclosure Update
It wasn’t too long ago the Statesman ran an article in the paper talking about the national foreclosures to exceed 3.5 million homes. This coming after what so many realtors have been telling us how the market is improving. The sad truth is the market is not improving and if you take the time to look at the past few months, home sales are no better this year than last. A few months ago the Associated Press ranked Boise in the top 30 for home foreclosures, that is across the nation folks!
According to RealyTrac there are nearly 500 foreclosed homes on the Boise real estate market, 1 out of every 236. About 34% of those homes are have a zip code of 83709.
Based on the numbers it doesn’t appear that things are improving across the board. There is still a lot of work to be done and with the unemployment rate nearly at 10% for the valley it is likely we are going to continue to see a rise in foreclosures. However we need to remember that 90% of the population that wants to work is working. Granted things are tough but at this point it seems to me that we will get through it. So those of you that can help please do so, give food, clothing, etc to those in need. Lets get through this together.
