Foreclosure Rates in Idaho Low Compared to the Nation
The term “foreclosure” is often thrown around these days. You hear stats like “Foreclosure in Idaho increase. The October figure represents a 157% hike from the same time last year” This Nov 30, 2007 Idaho Statesman article is technically correct however in context it’s out of whack. Just to illustrate this if you go from one foreclosure to three you have a 300% increase. Granted foreclosure rates have gone up but in a super heated market foreclosure rates are almost nonexistent. So any comparison to 2005 or 2006 is an apples and oranges comparison. The foreclosure rate in Idaho is at 1%. Ranking Idaho 24th in the nation. See the Relative Frequency of Foreclosure Filings graph below.
Foreclosure Actrivity By State
Posted on Wednesday, June 13, 2007 at 04:11PM
by
Darrin
in Boise Idaho Real Estate Statistics, Foreclosures in Boise Idaho, Boise Real Estate, Eagle Idaho Real Estate, Meridian Idaho Real Estate, Investment property Idaho, Foreclosure Idaho, Distress sales Idaho, Darrin Jaszkowiak, Real Estate Idaho, 4 Plex Idaho, Rental Property Idaho, Short Sale Idaho
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Darrin
in Boise Idaho Real Estate Statistics, Foreclosures in Boise Idaho, Boise Real Estate, Eagle Idaho Real Estate, Meridian Idaho Real Estate, Investment property Idaho, Foreclosure Idaho, Distress sales Idaho, Darrin Jaszkowiak, Real Estate Idaho, 4 Plex Idaho, Rental Property Idaho, Short Sale Idaho
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1 Comment
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Reader Comments (1)
Good post, Darrin!
So, if Idaho's foreclosure rate is a whopping 1%, I suppose the Statesman will soon run an article saying that 99% of Idaho homes are NOT in foreclosure, right?
Everyone gets are torqued up over statistics and they are almost always misleading or inaccurate.
I will be posting on that subject in the coming days.