Reports from the first quarter of 2009 indicated that the Boise-Nampa Idaho area had twice the foreclosure rate of the national average. An estimated 1 in 85 homes in the Treasure Valley were the subject of a foreclosure filing during the first quarter of this year. With the latest economic reports indicating more positive change, and the stimulus efforts initiated by the Obama administration, it will be interesting to see how Idaho's housing market has been affected in second quarter reports.

Since the second quarter just ended at the end of June, we'll be waiting a few weeks for the most accurate reports of the status of Boise Idaho Real Estate. Approximately 3,000 Idaho foreclosures were filed in the Treasure Valley area between the months of January and March of 2009.

In comparison to the rest of the nation, the Boise Idaho area is 27^th on the list of the nation's highest foreclosure rates. The number one spot was held by Las Vegas, Nevada, in the first quarter, with a foreclosure rate seven times the national average. In fact, every city on the list above Boise Idaho is from one of four states: Florida, California, Arizona, and Nevada.

Whether the Boise foreclosures can be blamed solely on the economy or on simple overzealous optimism on the part of buyers, the foreclosure rates present an opportunity for Idaho real estate investors and anyone looking to purchase a home in the Boise Idaho area. The Boise real estate market is filled with great deals on fantastic homes. In the current market conditions, you'll find beautiful homes in foreclosure. There are gems to be found as opposed to the stereotypical foreclosed home in disrepair.

If you're looking to take advantage of the current housing conditions to find your Boise Idaho dream home, contact me today. I'm an expert in Boise Idaho foreclosures and Idaho short sales and would be thrilled to help you find the home of your dreams - at an incredible price!

Image Copyright bjearwickes on Stock.xchng

Link: http://www.sxc.hu/profile/bjearwicke