As we have been stating for several months now, an increase in housing inventory is needed to help bring us back to a more balanced market. In April, we experienced the first signs of movement in this direction as inventory jumped 12.8% above the previous month, and ...
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If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able ...
View MoreBoise Regional Realtors’ Breanna Vanstrom summarized this month’s market update with the following three points:
New construction sales are gaining more and more of the market share and continuing to influence the overall median sales price.
In the existing home segment, the median sales price has been rising ...
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 prices. The overall median sales ...
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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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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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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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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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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