July 17, 2010 in Business

Foreclosures rise sharply from ’09

By The Spokesman-Review

Foreclosures in Spokane County almost tripled in June compared with 2009, but the rate remained well below that for Washington and for the United States, according to online foreclosure monitor RealtyTrak.

The numbers in Kootenai County and Idaho have stabilized at levels above the national average.

The 139 foreclosures in Spokane represented one out of every 1,420 homes, compared with one out of every 556 for Washington and 441 for the U.S. The Washington foreclosure rate was 25th highest among states.

In Kootenai County, 220 homes were foreclosed, or one out of every 273. Idaho’s rate, one out of 285, was enough to place it eighth among states.

During the first six months of 2010, 675 Spokane homes were foreclosed or received notices of foreclosure. The total for Kootenai County was 1,011.

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