Idaho’s Treasure Valley Housing Market Improves

Thanks to the national government’s Home Affordable Refinance Program, distressed home sales in eastern Idaho’s Treasure Valley have decreased dramatically in recent years. Short sales of homes in the foreclosure process comprised only 10% of October home sales in Ada and Canyon Counties, whereas in January 2011, they comprised nearly 60%.

Because distressed properties sell for less than their market values, the drop-off has driven up single-family home prices. Since October 2012, median home prices have jumped 20.5% to $214,000 in Ada County and 19.7% to $130,500 in Canyon County.

Read more at IdahoStatesman.com