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The number of bank-owned homes listed for sale through southwest Idaho's multiple listing service dropped 17.3 percent from February 1 through the end of March, Idaho Data Providers said in a report.
Listings of bank "real estate owned" homes, or REOs, dropped from 1,176 to 973 during the period.
"This fact is worth mentioning since foreclosure sales are still occurring, and the vast majority of properties are going back to the lender, but there haven't been that many REO sales to account for the decline," Idaho Data Providers President Charlie Nate said in the report. "This is evidence that lenders are holding REOs off...