Foreclosures down 13% in the Treasure Valley!

The number of home foreclosures filed in November in Ada and Canyon counties fell 13 percent from October’s totals, but remained high at 690. According to Idaho Data Suppliers, 494 of those foreclosure starts came in Ada County, down 16 percent from last month, and the remaining 275 were in Canyon County, down 7 percent from last month.

The 2009 low came in September with 595 foreclosures filed. The high came in July, when lenders began foreclosures on 819 homes. So far in 2009, Treasure Valley foreclosures are up 72 percent from 2008 and are almost triple 2007’s levels.

Idaho Data President Charlie Nate said he expects foreclosures to drop slightly again in December but then to start rising significantly in January. The dip in November is consistent with historical trends.

The most recent numbers from RealtyTrac, a national foreclosure tracking company, ranked Idaho fifth in the nation for foreclosure rates, with one in every 255 household units in foreclosure.

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