Treasure Valley housing market making strides

Treasure Valley housing market making strides

BOISE, Idaho (KBOI) It's a big comeback for the Treasure Valley housing market.

It hit a low in 2011 but made up a lot of ground in the first half of last year.

According to RealtyTrac, Idaho ranked No. 16 in the nation in foreclosure rates from July 2011 through June of last year. In Ada County, banks and other institutions foreclosed or were in the process of foreclosing on more than 3,100 homes. In Canyon County, it was about 1,200 homes.

"Our median sales price is up 21 percent, so we've see quite a jump - we kind of say 2011 was the bottom of the barrel," said Darcell Sander, a local real estate agent.

But many analysts say it's all changing and that 2013 is already showing signs the housing-market in the treasure valley will continue to grow, and improve.

If you did lose your home to foreclosure, today (Jan. 18) is the last day to apply for a foreclosure payment program, which comes after a nationwide settlement with some of the major banks.

The foreclosure must be the result of the banks alleged errors or wrong doing.

Information: 800-432-3545 or www.ag.idaho.gov