5 Emerging Foreclosure Hot Spots
By Joel Cone, RealtyTrac | Published: 3/19/2010
Photo courtesy Boise Convention and Visitors Bureau
Foreclosure activity in these five metro areas zoomed higher last year at a faster pace than already established foreclosure hotbeds like Las Vegas, Phoenix, Los Angeles and Tampa Bay. Buyers can find discounts of 30 percent or more as foreclosures flare up in these cities -- all of which have solid economic fundamentals and strong upside potential for real estate.
Boise, Idaho
In Boise, bank-owned properties in the low-end price range of under $200,000 are still attracting the most competition from buyers, according to Tonyah Lee, an agent with Keller Williams Realty Boise.
"Now a lot of first time buyers are in the market and they're looking at everything," said Lee. "Everybody's looking for a deal."
Keywords: RealtyTrac, home, house, real estate, foreclosure, cities, Boise, Fayetteville, Portland, Seattle, Virginia Beach
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