Housing Market

Jan. 26, 2019

Boise Real Estate Market Update December 2018

In the way of the market, there is not much new to report from last month’s update.  As has been mentioned in several past articles, 2018 was characterized largely by record breaking numbers in the categories of both low inventory levels and high pricesThe overall median sales ...

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Posted in Housing Market
Dec. 24, 2018

Boise Real Estate Market Update November 2018

 

 

The story of the current market remains the same as reported in previous months—the median sales price continues to rise, due largely to two major factors:

(1)    Record low levels of inventory for existing homes

(2)    And an increased number of newly constructed homes selling at ...

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Posted in Housing Market
Nov. 5, 2018

Boise Real Estate Market Update September 2018

 

 

As is common this time of year, we are experiencing a cooling off of home sale activity.  This does not mean that prices are decreasing but rather flat lining—which, when compared to the crazy price appreciation of the summer buying season, can make it feel like we ...

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Posted in Housing Market
Nov. 5, 2018

The Cost of Renting Vs. Buying

 

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence.

 

Realtor.com reported that:

 

“Buying remains ...

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Oct. 1, 2018

What Does the Future Hold For Home Prices

 

What Does the Future Hold for Home Prices?

 

Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash?

 

Let’s try to answer these ...

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Posted in Housing Market
Oct. 1, 2018

Boise Real Estate Market Update August 2018

 

 

Boise Regional Realtors reported these three main takeaways in regard to this month’s market analysis:

 

-          The median sales price for Ada County reached a new record in August 2018, of $334,400 for existing and new homes combined. This was up 20.3% over the same ...

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Posted in Housing Market
Aug. 23, 2018

Market Difference Between 2008 and 2018

 

Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis.

 

However, there is a ...

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Posted in Housing Market
Aug. 23, 2018

Boise Real Estate Market Update July 2018

 

Boise Regional Realtors’ Breanna Vanstrom summarized this month’s market update with the following three points:

 

 

·         July 2018 marked four consecutive months of gains in existing/resale inventory in Ada County when measured month-to-month. More inventory is the key to bring balance back to the residential ...

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Posted in Housing Market
Aug. 18, 2018

Boise Real Estate Market Update June 2018

 

As expected, the June market was fast paced and closed out with a new record high median sales price of $324,647, up 27.7% from the same time last year.  It’s important to note this figure is somewhat skewed by new construction which, due to the low ...

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Posted in Housing Market
Aug. 18, 2018

How Long Do Families Live in a House?

 

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving.

 

As the graph ...

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Posted in Housing Market