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Q2 2012 Recovery Rates
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Before costs and fees, lenders recovered 69 percent of the outstanding balance of defaulted commercial mortgages liquidated in Q2 2012. After a sluggish first part 0f 2012, recovery rates have returned to 2011 levels. Lenders, because of this relatively stable recovery, are better able to budget and manage loss expectations.
Not surprisingly, given the trends over the past year-and-a-half, multifamily recovery rates are the most impressive at 74 percent. At 93 percent, Manhattan ranks highest nationally in recovery. Other noticeably improving cities include San Francisco and Miami. With declines in recovery rates, Las Vegas, Phoenix, Detroit, and Atlanta are among the lowest nationally in recovery.
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Record Low Vacancy Rates in SW Idaho
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The demand for rentals in Southwest Idaho remains strong, resulting in slightly increased average renting prices and stable interest rates. Several markets within this area of the state are well below the national vacancy rate. This current trend is expected to continue through the next several quarters.
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Featured Property of the Month
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2029 Highway 95, Council, Id 83612
Price: $283, 000
- Fully fenced with landscaping
- Office and showroom
- Additional shop and storage buildings
- Conveniently located off Highway 95
Former Council Mountain Machine store - a power sports and equipment sales & service dealership. Priced below replacement cost. Owner user property. Currently vacant. Learn more!
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Et Cetera: Fishing Report and Wine Event
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 Fishing Report from troutlie.com
Great fishing is opening up in a variety of spots as we head further into the dog days of summer. If solitude is your thing, the Upper Middle and North Fork of the Boise, accessible via the Edna Creek access, is providing great opportunities without the boats and crowds. Read more from troutlie.com.
Basque Wine Fest - Friday, August 17th - 5:30 - 9:30 p.m.
Check out the 15th annual Basque Winefest to be held on the Basque block on Grove St. in downtown Boise. Vendors will have hundreds of wines available for tasting and purchase, and Basque block restaurant will be serving a variety of tapas. Learn more.
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