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  3. Foreclosures decline, still double 2009

Foreclosures decline, still double 2009

Fewer Spokane and Kootenai county homeowners received foreclosure notices last month compared with April, but the numbers remained double those of a year ago.

RealtyTrac today reported 136 Spokane and 216 Kootenai county homeowners were in foreclosure in May. In Kootenai County, one in every 279 owners was affected. The rate for Spokane County was one in every 1,451.

In May 2009, 88 Kootenai County homes and 687 Spokane County homes were in foreclosure.

The Kootenai County rate for May was higher than Idaho's, which at one per every 309 homes was seventh highest in the United States. Washington, with a rate of one per 574 homes, was 20th-ranked.

The national rate was 1-per-400 homes, only slightly less than the rate for April and one percent below May 2009, according to RealtyTrac.

Bert Caldwell
Bert Caldwell oversees production of the opinion pages, including writing editorials, and editing and selecting letters, columns and cartoons.