Boise Real Estate Source: Another Wave of Foreclosures? Will Boise, Idaho be affected?

Another Wave of Foreclosures? Will Boise, Idaho be affected?

Post by John Boles

While we have experienced some leveling in our local Boise, Idaho market the last 3 months there are fears of another wave in foreclosure activity. These fears may be founded as foreclosure starts were up 28% in January and some are of the opinion that we will see foreclosure activity at a greater level in 2012 than we did in 2010.

New Wave of Foreclosures

This new wave of foreclosures is expected to hit borrowers who were not involved in many of the sub-prime mortgages but rather folks with ordinary mortgages that have been affected by the recession.

See Reuters article “Americans Brace For Next Foreclosure Wave”.

See Realtor Magazine's opinion "Next Foreclosure Wave Coming: Reason For Alarm?"

 

Kasey & John Boles 

Jon Gosche Real Estate

3931 S. Sumter Way, Boise Idaho 83709

208.830.6186 /kaseyboles@boiserealtystore.com 

208.830.6185 / johnboles@boiserealtystore.com

Associate Broker, GRI, CRS, REALTOR®, ABR, ePRO, SRS, SFR

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Comments

Kasey -  I hope you're not letting this really get under your skin.   I'm going to be very honest here.  I feared the same thing in my area.  It didn't happen like that at all.   In fact it leveled off then took off in an upward swing and I'm telling you I can't find enough hours in the day right now!  I'd say hold on to your hat and get ready for a fun wave of good news and long working hours my friend.

So are you still partying from your Birthday?  Debbie informed me this morning I would be having a birthday all the way through the weekend.  Huh?  I wasn't aware that was possible. I guess anything is possible so if I am I hope you are too....LOL.  I really hope you enjoyed your special day to the FULLEST!   YOU ROCK --


John

Posted by John McCormack, AlbuquerqueHomes.com, Albuquerque Homes Realty (Albuquerque Homes Realty * www.AlbuquerqueHomes.com) over 2 years ago

John, we actually have had a bump in our market since the beginning of the year and it's been super busy here too.  We are in an upward swing right now and have a very low inventory.  Multiple offers all around right now, but we just still have so many distressed properties I don't know what will happen the rest of this year.  We will have to wait and see.

I had an awesome birthday dinner on Wednesday and am going out with my hsubadn and maybe my family for lunch on Sunday too as a birthday celebration, so I guess we are still celebrating!.  I hope your continued celebration all through the weekend is awesome! 

Posted by Kasey & John Boles - Jon Gosche Real Estate, Boise, Meridian, Ada/Canyon/Gem/Boise Counties (Jon Gosche Real Estate, Boise ID) over 2 years ago

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