Boise Investors Eye Fannie Mae Foreclosure Study

Boise Investors Eye Fannie Mae Foreclosure Study

Boise investors have lots of possibilities vying for their business. Boise real estate investment opportunities come in many forms: raw land, single-family residences, and multifamily rental housing in many forms, from duplexes to apartment buildings. Investors will choose their investments according to the likelihood of return on their investment vs. downside risk.
Foreclosure represents the ultimate risk — smart investors study the histories of real estate investments that have fallen. Whether Boise foreclosure statistics or national trends provide the data, projecting the likelihood of such data is all part of an investor’s due diligence.
There are several published reports about Fannie Mae’s recent nationwide study. The study drew an interesting connection between an investment properties’ relative location and the rate of potential default (foreclosure). National data is weighted toward big city populations, yet I think it’s a relevant approach to weighing the likelihood of a Boise foreclosure. Location is always a factor, and here, it’s relative location that’s important:
• Being close to the workplace does matter. Every additional five minutes of commute time makes the likelihood of foreclosure 18% greater!
• Mixed-use areas are a positive. When there are 16 or more retail establishments nearby, the risk of default is reduced by more than a third.
• Affordability is key. If a multifamily building fits Fannie Mae’s definition of ‘affordable housing,’ foreclosure risk is reduced by 61.9%.
• Parks matter. If the property is located within one mile of a park, the risk of foreclosure is reduced by 32.5%.
Avoiding any possible future Boise foreclosures is Job One for all my real estate investor clients. For up-to-date information on the state of today’s market: contact me anytime!

Few multiple family Residential income properties for sale in Boise from $150K to $400K furnished by IDX/IMLS, these listings are updated daily:

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