Good News for Boise Homeowners:
Below is a link to an article from StateImpact, written by Molly Messick. I was attending a Lead Based Paint class, when my phone lit up and I saw, "Worst Place to Buy.....Boise", come across the screen. I will admit, I couldn't wait for a break and had to read the article right away. I was happy to quickly realize that this was a good thing.
The short article mentions that the number of foreclosures fell by 27% from 2011 to 2012. If we look at distress sales of 4 plexes in Ada and Canyon counties, the numbers are even stronger. We saw a 49% drop in distressed sales from 2011 to 2012. At the end of 2010, 93% of these 4 plexes were distress sales. Now the good news, we are now below 10%. As a result, we have seen 4 plexes appreciate very well over the last year. Anyway, please take a look, it’s a short read.