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Local foreclosure rates increase

The March real estate foreclosure rate in Spokane County jumped 81 percent compared with February. The rate in Kootenai County also climbed.

According to RealtyTrac, 107 homes were foreclosed in Spokane last month, or one in every 1,844 homes. Only 59 homes were foreclosed in February, or one in every 3,344.

In Kootenai County, there were 216 foreclosures, up from 177 in February. The rate of one-per-279 homes was a 22 percent increase from the one-per-390 in February.

But the rate for Kootenai County was a 26 percent improvement on March 2009, while the Spokane rate was up almost 53 percent year-over-year.

Foreclosures increased 17 percent in Washington compared with March, but fell compared with March 2009.

The Idaho rate climbed 14 percent from February, and 29 percent from March 2009. 


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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.

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John Stucke John Stucke is a deputy city editor who helps build local news coverage and writes about health care, bankruptcy and rural affairs.

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