National market report

From the New York September issue: Idaho’s capital city has seen median home prices plummet 34 percent from peak 2007 levels, according to the most recent data available, released by the National Association of Realtors last month. The median home price dipped to $140,100 in the second quarter, down from a high of $212,800. This, in turn, has led to a precipitous decline in construction and real estate job losses in Boise, which is home to a third of Idaho’s residents, according to Bloomberg News. Unfortunately, there’s bad news across the rest of the state as well: Foreclosure-related home seizures jumped 822 percent in the second quarter of the year, according to research firm RealtyTrac. Click here for more real estate news from across the country. Compiled by Amy Tennery