The purpose of our blog is to educate our readers on the current Boise Idaho real estate market, to inform potential buyers and sellers of the process of buying or selling a home in the Boise area, to provide pertinent home improvement ideas for current homeowners, and to present desired community information for Boise and the surrounding area.  A few of our agents also post personal blog posts from time to time  We hope you enjoy the content.  If you have questions or ideas on things you would like us to write about, let us know!

May 11, 2022

Boise Housing Market Update | April 2022

The Boise housing market saw another new record this month with the median sales price reaching $595,000.  This is a 23.9% increase from last year.  The biggest price increases were found in the new construction segment where the median sales price has jumped 36.7% from last year to $645,000.  In the existing/resale segment, the median price was $570,000, which is a gain of 16.9% over last year.  The median sales price in both these segments set new record highs.     

Mortgage interest rates increased last month as well, with the average 30-year fixed-rate mortgage reaching 5.1% at the close of April.  Because most of the homes that sold last month went into contract in February or March, before the interest rate hikes, it’s hard to say exactly how increased mortgage costs will affect prices.  This will become more evident over the next two months.  

Recently, I have heard a few people comment that they believe we are headed for a market correction, and they expect housing prices to go down.  I’m not so sure.  While I do believe higher interest rates will decrease buyer pressure on the market and cause the rate of appreciation to return to more normal levels, the demand for housing in our area remains strong and inventory is still relatively tight.  Both of these factors, I believe, will continue to keep home prices on an upward trajectory in the coming years.  The latest home price forecasts indicate that housing experts believe the same.  You can see their various price appreciation projections for the coming year HERE.  

No matter where the market is headed, we know that decisions about buying, selling, or investing in real estate will remain important to many and that each person’s situation is unique.  If you have questions about how current market trends may impact you, we’d love to hear them and to help you make decisions about when and how it might be best to move forward given the factors that affect you most.  

For a quick snapshot of the Boise housing market for April 2022, see Boise Regional REALTORS® housing market summary for Ada County below:

See more monthly Boise housing market updates HERE!

Posted in Housing Market
May 11, 2022

A Mother's Day Miracle

This past weekend, I was once again reminded of the power of prayer, and more than that—the power of our God.  Last Tuesday, my friend’s mother’s heart stopped, and she collapsed.  911 was called, resuscitation work was done, and she was rushed to the hospital.  The outlook was bleak, but the doctors and nurses worked to do everything they could for her.  My friend reached out for prayer. Specifically, she asked for prayer for a miracle—prayer that God might bring her mom back to her full capacities.  Our church body was contacted, and prayers for a miracle were lifted.  With no meaningful responsiveness or recovery by Saturday morning and with the knowledge that her mom would rather go home to be with Jesus than remain in a state like she was, the family prepared to say goodbye. But, just as they were coming to peace with this new reality, God did something different—He started bringing her back to life.  On Mother’s Day, instead of mourning their loss as expected, the family and hospital staff watched in amazement as her capacities returned, one after another.  As one hospital worker put it, “This could only be the hand of God.”  And, indeed, it was! 

I wanted to share this story not only because it brought me great joy this week and caused me to stand in awe at the power of God, but also because it reminded me of what an incredibly kind and loving gift prayer is and encouraged me to seek God in prayer more fervently.  Our God is not a distant God who cares little of us or who does whatever He pleases with no consideration of us. Rather, our God is a personal, relational God, who invites us to come and talk with him—to share the desires of our hearts, our needs, our wants, our frustrations, our sadness, our confusion, our hopes, and our cries for a miracle!  Psalm 37:4-5 says, “Delight yourself in the Lord, and he will give you the desires of your heart.  Commit your way to the Lord; trust in him, and he will act” (Psalm37:4-5).  I loved watching my friend seek the Lord in this.  I loved the faith the Lord gave her to believe He COULD do a miracle and the assurance He gave that it was safe for her to come to Him and ask for it!  I loved that He gave her peace and prepared her heart to let her mom go if that is what would be best for her mom.  And, I love that right after He gave her that peace and she committed her ways to Him, He acted, and delivered the Mother’s Day miracle she’d been asking for.  

May you be encouraged today, as I was, to talk to God—to lift up whatever requests or burdens or hopes you have on your heart.  May you find yourself in your Father’s loving arms, seeking Him and the good He has for you.  And, as you lift your heart to Him, may you be assured by the truth of Jesus’ words: “Seek first the kingdom of God and his righteousness, and all these things will be added to you.”  Indeed, may you experience added joy, peace, and assurance as you spend time talking to Him today! 

By Katie Miller

For more blog posts by Katie Miller, click HERE 

Posted in Katie Miller
April 12, 2022

Boise Housing Market Update | March 2022

The median sales prices for homes in the Boise housing market hit another new record last month at $575,000.  This is an increase of 4.5% from the previous month and 22.6% from the same month last year.  This jump was primarily stimulated by price increases in new construction.  New construction accounted for nearly 1/3 of all sales last month, and the median price came in at $606,050.  This is an increase of 31.5% year-over-year, which is a lot, especially in comparison to the price of existing homes which was up 16.7%. 

Though the housing market may see a slight tempering due to the recent increases in mortgage rates, inventory remains a primary factor in home prices.  And, despite a marked 103.1% increase from last year in the number of homes for sale in our area, inventory is still not keeping up with demand. This is evidenced by homes only remaining on the market for an average of 20 days and selling an average of 100.8% of the list price.  

We know housing market news can always be encouraging to some while simultaneously being discouraging to others.  No matter your goals, questions, or concerns regarding your future real estate decisions, we would love the opportunity to help you navigate them.  If you are considering buying or selling, please give us a call so we can hear more about your specific situation and work together toward a plan for how best to move forward.   

For a quick snapshot of the Boise housing market for March 2022, see Boise Regional REALTORS® housing market summary for Ada County below:

Boise Housing Market March 2022

 

 

Posted in Housing Market
April 12, 2022

Correcting Misunderstandings

Over time, I’ve become increasingly aware of the crazy number of misunderstandings there are about the God of the Bible.  I see them in the media, I hear them in conversations and questions, and I experience them in my own thinking too.   I believe that many times, these misunderstandings spring from the fact that we form opinions about God based on faulty sources--what people have told us about Him, the actions people have done in His name, Bible verses taken out of context, and our own uninformed assumptions just to name a few.  Knowing these misunderstandings exist in myself and in each person who may read this, I am writing for two reasons:  to encourage us to care enough to want to correct our misunderstandings and to point us to Jesus as the best person to help with that.   

A friend recently told me, “I believe there is a God, but I don’t know what God is or how to find out.” I may have misheard it, but the tone of the comment expressed a sense of contentment with not knowing and indifference toward pursuing answers.  This made me sad because, not only do I believe God has given us a way to know Him, but in my personal pursuit of Him, I have experienced ever-increasing amazement and delight at who God is and ever-growing peace and joy in the relationship He has made possible for me to have with Him.  I don’t want my friend—or anyone for that matter—to miss out on that!

So, how do we clear up our misunderstandings about the God of the Bible and get to know who He is?  Answer: Jesus!  In Jesus, “God’s word became flesh and dwelt among us” (John 1: 14).  Jesus was not just a great teacher or a person to be emulated, but the Bible states, “He is the image of the invisible God…and in Him, all the fullness of God was pleased to dwell” (Colossians 1:15, 19).  Thus, by getting to know Jesus, you are getting to know God!  Did you know Jesus—God in the flesh—welcomed outcasts, valued women, befriended enemies, rebuked self-righteous religious leaders, identified with no political party, yielded his power, walked humbly, served sacrificially, sought justice, healed the sick, cared for the poor, rejoiced with the rejoicing, wept with the sorrowful, and ultimately laid His life down for our sake?  He is a God like no other! So, whether you know little more about Jesus than His name and bits and pieces of why He’s celebrated at Christmas and Easter or if you’ve been soaking in His Word for many years, I want to encourage and challenge you this Easter season to seek to clear up some misunderstandings you may have about God by learning more about Jesus!  

There are many ways to do this.  For me, I am reading through the Gospels again (Matthew, Mark, Luke, and John).  These four books of the Bible tell of Jesus’ birth, life, death, and resurrection.  They reveal what He said and did while He was on the earth and show how He responded to others and how they responded to Him.  As John says at the end of his gospel, they were written “so that you may believe that Jesus is the Christ, the Son of God, and that by believing you may have life in his name” (John 20:31).   I know I’ve mentioned this before, but another great thing to do would be to watch The Chosen series.  If you are a visual person like me, this TV series does a beautiful job of bringing the Gospel stories to life.  Whether or not you believe what is shared in the Gospels after reading them, I hope you would walk away having a better understanding of those who do believe and why they would.  If you decide to read the Gospels or watch The Chosen, I’d love to hear any thoughts, corrected misunderstandings, or new perspectives you walked away with.

By Katie Miller

For more blog posts by Katie Miller, click HERE 

 

Posted in Katie Miller
March 18, 2022

Untold Stories of a Boise Realtor: Locked Out

Last weekend was a busy one!  I was going from appointment to appointment all day Saturday, and I was pretty exhausted by the end of it.  Thankfully, I had a date night out with my husband to look forward to when I was done working.  I met a new client, and after our initial appointment, we decided to go look at a couple houses. 

I have a habit of locking the front door when I am showing houses.  In this crazy, hot market, there is often an agent or two right behind me waiting to show the same house.  I lock the door to keep them out and to give my client the time they need in the house.  So, my client and I stepped inside, and I locked the front door behind us.  We looked around the house and then headed toward the back of the house to take a look at the yard and detached garage.  As we stepped into the yard, the back door closed behind us.  And you guessed it, it was locked!

So, I had successfully locked myself and my brand new client out of this house.  I tried calling the listing agent to see if she had a spare key and she didn't answer my calls or texts.  We tried the windows and the sliding glass door to no avail.  So I decided to run really fast to show my client the second house she wanted to see.  While I am showing the other house, I get a text from the agent... that is the ONLY key to the house.  Of course it is.  She begs me to go back to try to break in somehow.

I finish up with my client and head back to the locked house.  I go from window to window trying to pry off the screens with my keys and pull as hard as I can on each window.  Nothing.  I try climbing up by the kitchen window to see if I can somehow shake it loose and open.  Nothing.  I try a trick I saw on youtube to get the slider open.  Nothing.  Meanwhile, the neighbors have let out their two enormous dogs who are barking at me right at the fence.  I'm sure they will eat me.  I'm also sure the cops will show up any minute wondering why I'm trying to break into this house.

I finally decide that there's no breaking into this house.  As I'm trying to figure out how the heck I'm going to get that dumb key out of the living room, it dawns on me that I can call a locksmith.  Locksmith is sure he can help but he needs permission from the owner of the house with proof that it's her house.  So, I reach back out to the listing agent (who probably wants to kill me at this point) to get her client's permission.  Easier said than done because she lives out of state and not in this house.  So she has to go digging for something that has her name and the address of this house on it.  Finally, she finds something and the locksmith heads my way.  

The 12 year old locksmith pulls up in his van and in about two minutes opens up the house for me.  THANK YOU!  He then asks for my credit card for payment, so I go to my car to grab it.  It's not there.  I have somehow managed to leave my entire wallet at home.  I ask him if takes checks and of course he probably doesn't even know what checks are.  So, we stand there awkwardly for a while.  

Two hours I was there at that house trying to break in and waiting to rescue the ONLY key.  But, finally, I was on my way to meet my husband for a nice dinner out--covered in dirt and dust from trying to break into a house!

Written by Becka Marston

See more posts by Becka Marston HERE!

Posted in Becka Marston
March 12, 2022

Boise Housing Market Update | February 2022

Despite seasonal slow down this winter, the median sales price for the Boise housing market hit a new record high this past month at $549,900.  This 21.6% increase from February 2021 is largely due to insufficient supply to meet Boise’s growing housing demand.  In addition to rising prices, two other factors indicate another competitive buying season may be in store for us this spring:  the number of days a home is on the market before it goes under contract and the percent of original list price received.  Last month, the average Days on Market (DOM) was 23 days.  While this number is 14 days more than February of 2021, it is 10 days less than last month and still well below historical averages.  As stated by Boise Regional REALTORS®, “Buyers may have a bit more time to shop than they did last year, but they will still likely need to make quick decisions once they find a home they’d like to purchase.” 

The percent of original list price received for existing homes in February was 99.6%.  This is down from the 105.5% of list price received last year, but it is still significant.  BRR explains: “Buyers may be unable or unwilling to spend over list prices to win a listing, as was common a year ago, or we’re seeing sellers pricing homes more in line with the market comparables.  Overall, we are seeing fewer bidding wars than last year, but that doesn’t mean it isn’t still happening in some instances. It just depends on the particular property, the list price, and what buyers are willing to pay.”

If you have questions about the market and how it may affect your individual buying, selling, or investment decisions, please give us a call.  We would love to meet to help you think through your options!

For a quick snapshot of the Boise housing market for February 2022, see Boise Regional REALTORS® housing market summary for Ada County below:

Boise Housing Market | February 2022

See more monthly Boise housing market updates HERE!

 

 

Posted in Housing Market
March 11, 2022

Our Strength in Weakness

These past several months have been heavy for our family, particularly for Luke.  For those of you who know him, you know God wired him to be able to carry a lot.  He’s invested in his work and in his co-workers; he faithfully seeks to lead our church body well; he fosters relationships with friends and family, and he makes time to care for and be present with me and the kids.  But, even with his wiring, he’s human--incapable of doing these things perfectly, unable to bear the weight fully, and prone to feeling he is failing in every area.  He has felt the acuteness of his humanness often in this season.  While that can be discouraging, we have also benefited from witnessing God’s incredible kindness in giving His strength when Luke was weak, His calming peace when Luke was stressed, and His abundant joy when Luke was discouraged.  Indeed, God’s words from 2 Corinthians 12:9 have proven true over and over these past several months, “My grace is sufficient for you, for my power is made perfect in weakness.” 

So, just as it says in the second part of this passage, “We will boast all the more gladly of our weaknesses, so that the power of Christ may rest upon us.”  Amid an emotionally draining and time-consuming leadership conflict, sleepless nights at work, difficult conversations, dropped balls, the tragic loss of a friends’ child, the struggle to find a spare moment to study or prepare for his captain’s test, and his fight to be present with his family, God made up for every insufficiency. He gave Luke grace upon grace to allow him to pass his tests and be promoted to Captain in his job, a position he is humbled and honored to receive.  And, He heaped kindness upon kindness in timing a week away to refresh and reconnect as a family in the warmth of the sun. Indeed, He gives strength in our weakness and peace in our storms.  So, we boast all the more gladly in Him.  

Thank you, Lord, for being our strength in weakness and for showing your grace and kindness to us amidst our trials and inadequacies.  Thank you for the peace that comes in knowing we don’t need to hold it all together because YOU do!  Thus, we rest and rejoice and boast in YOU!  

By Katie Miller

For more blog posts by Katie Miller, click HERE 

 

Posted in Katie Miller
Feb. 14, 2022

Excerpts from the Greatest Love Letter

In light of Valentine’s Day, I thought it would be fitting to share some excerpts from what I believe is the greatest, purest, truest, and most beautiful love letter ever penned—God’s message of love to us.  The Bible is filled with God’s words of love for His people, accounts of how He demonstrates that love through His actions, and hope for how He is working that love out towards completion.  Below is just a small compilation of some verses I hope will encourage your heart and remind you of how loved and valued you are by Him.   Moreover, may these words deepen your desire to want to know and love and experience the joys of a relationship with the Author.

My Beloved,

Do you know how much I value you?  I created you in My own image (Genesis 1:27) and breathed the breath of life in you (Genesis 2:7).  Before I formed you in the womb, I knew you, and before you were born I consecrated you; I appointed you to be the person I wanted you to be (Jeremiah 1:5).  I formed your inward parts; I knitted you together.  You are fearfully and wonderfully made. Yes, wonderful are you, the work of My hands; your soul knows it well. Your frame was not hidden from Me, when you were being made in secret, intricately woven in the depths of the earth (Psalm 13:13-15). I have searched you and know you, and every moment of your life matters to Me. I care when you sit down and when you rise up.  I am acquainted with all of your ways.  Before a word is on your tongue, I know it.  I hem you in, behind and before and I lay My hand gently upon you” (Psalm 139 1-5).  Are not five sparrows sold for two pennies? And not one of them is forgotten before Me. Why, I even know the number of hairs on your head at this very moment. Fear not, you are of more value than many sparrows (Luke 12:6-7).  My eyes are turned toward you, and My ears hear every cry (Psalm 34:15). Can a mother forget her nursing child or fail to show compassion on the son of her womb?  Surely some may forget, but I will never forget you (Isaiah 49:15). I go before you, I am with you, and I will never leave you or forsake you (Deuteronomy 31:8).  

I love you with an everlasting love, and I will draw you with My kindness (Jeremiah 31:3).  Because, I never want you to question how very much I love you, I laid down My life for you, and there is no greater love than that (John 15:13).  I left My kingdom to find you in the darkness, to rescue you from your sin, to adorn you with My immeasurable love, and to bring you into My presence forever (John 3:16-17).  Because I love you and want to be with you, I bought you with the precious price of My blood (1 Corinthians 6:20).  Out of My rich mercy and great love for you, even when you were dead in your sins, I made you alive in Me, so you might know the exceeding riches of My grace and kindness toward you (Ephesians 2:4-7).  I am in your midst, and I am mighty to save. I rejoice over you with gladness, I will quiet you by My love, and I will exult over you with singing (Zephaniah 3:17).  

With affection too deep for words,

The ONE who knows you completely and calls you Beloved

 

By Katie Miller

For more blog posts by Katie Miller, click HERE 

 

Posted in Katie Miller
Feb. 14, 2022

Boise Housing Market Update | January 2022

The Boise housing market experienced a 1.1% decrease in median sales price last month, but the 20% year over year increase remains significant.  And, while the rate of increase is slowing, the overall trajectory of sales prices in the Treasure Valley continues on an upward trend.  As stated before, these increased prices are fueled by strong demand—much of which has been brought on by opportunities for people to work remotely and finding our area an attractive place to do so.   

Though listing activity has also been on the rise in 2022, demand still far outweighs supply, and we are not yet near reaching a balanced market.  Looking at prices, buyer demand, and listing activity, Boise Regional REALTORS® asks and answer the following:  

“With low, but increasing, inventory, will we continue to see the fast market pace and multiple offer scenarios experienced in 2021? We can’t say for sure, but so far Days on Market (DOM), the metric that measures the time between when a property is listed and when it has an accepted offer, has increased and normalized for existing homes.  Days on market for existing homes reached 33 days in January 2022, 18 days longer than in January 2021 and more in line with pre-pandemic levels in early 2020. This is good news for buyers as they may have a bit more time to make decisions and may not feel the need to waive contingencies when writing offers.  Additionally, the Percent of Original List Price Received for existing homes that sold in January 2022 was 97.3%, meaning that, on average, buyers paid less than asking through a lower accepted offer and/or seller concessions. In contrast, the Percent of Original List Price Received for existing home sales in January 2021 was 103.6%, indicating that, on average, buyers were paying more than asking price for homes.”

If you are looking to possibly buy or sell this year, we would love the opportunity to meet and share more about how current market trends could affect you.  We know that buying and selling real estate can be one of the biggest life decisions and probably the biggest financial decision many people make.  Thus, we count it an incredible privilege to walk with you through those waters and to use our gifts to serve you well.

For a quick snapshot of the Boise housing market for January 2022, see Boise Regional REALTORS® housing market summary for Ada County below:

Boise Housing Market | January 2022

See more monthly Boise housing market updates HERE!

 

Posted in Housing Market
Jan. 18, 2022

Untold Stories of A Boise Realtor: Millie, My Wonder Dog

Many of you have asked how life is going with our sweet puppy, Millie.  You guys, WHAT WAS I THINKING when I allowed this creature to invade our peaceful and happy life?  Here are some highlights from Millie's 4 months with us:

1) She came to us with a broken leg, which meant she was in a cast for her first 10 days with us.  This made EVERYTHING more challenging, including potty training, crate training, and life in general.

2) She LOVES the snow and good luck keeping her out of it.  She may decide she's done playing in it and may ask to come in and get cleaned up.  But, you better believe the minute you're done fixing her up, she will be ready to hit the snow again... hard!  This 26 times per day.  Girl can accumulate some serious snow balls on her shaggy fur! 

3) Turns out she is going to be quite a bit larger than we were expecting.  This means she has outgrown EVERYTHING we have purchased.  This includes 3 crates, many beds, and ALL THE THINGS we have purchased.

4) Millie is such an over-achiever that she went right ahead and went into heat a week before we had her scheduled to be spayed.  This might be the funnest of all the things.  She now gets to wear diapers, which we must take off every time she goes outside and then put back on every time she comes back inside.  Have I mentioned how often she goes outside??  She is now on day 18 of this blessedness and, lucky for us, she has figured out how to take her diaper off.  Yay. 

5) Lastly, Millie graduated from Puppy Training (even though she did not do any of the tricks she was asked to do on graduation day!).  She looks so calm in her graduation picture - but it's a LIE!  She was not having it with that hat, and somehow we still managed to capture a decent picture of her.  Because this is what we do as dog owners - we take pictures of our dogs with hats on even though they don't deserve to be wearing the hat.

It's a good thing she's as cute as she is.  If it weren't for my total fear of being judged by everyone around me, I'm sure we would have given her back by now.  I'm told it gets easier.  Super curious when that will be!!  

Written by Becka Marston

See more posts by Becka Marston HERE!

Posted in Becka Marston