IDAHO FALLS - In the new report released Thursday from The First American Corporation, the Idaho Falls area has steadily seen foreclosure rates increase. However, the numbers are fairly small. Of the 109 properties that are currently foreclosed in the county, only 54 of those are listed with local realtors in the multiple listing service.

"Compared to nationally and the rest of the state of Idaho, our area is not as bad as the rest out there," says Jacqueline Kennedy, President of the Greater Idaho Falls Association of Realtors.

Compared to 2008, foreclosures have gone up 77% and almost 202% from the housing boom in 2007. Still, Bonneville County's 109 foreclosed properties only make up just over 5% of the 2,154 foreclosures in the state.

Ada County currently has 658 foreclosures. Canyon County has 469 and even Kootenai County has more at 249 foreclosures. And now, many buyers are jumping to try and take advantage of the price differences.

"You see about a 14% decrease in pricing. It always depends on what is owed on the property as to what they're going to sell for. You do see some price decreases, but also you see people with first, second, and third mortgages on their homes and the lenders cannot take a whole lot less. So a lot of them are priced about where they can be sold," explains Kennedy.

Jacqueline warns that foreclosures are never a simple matter. From the time a home forecloses to the time it gets to auction could be upwards of four months.