Housing Market

July 29, 2019

Boise Real Estate Market Update June 2019

 

The median home price for Ada County reached a new record high this month coming in at $354,405.  This is a 10% increase from the median price in June of last year and a 7.5% increase from last month!  Although we don’t expect the current ...

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Posted in Housing Market
July 29, 2019

Home Price Appreciation Forecast

 

Questions continue to come up about where home prices will head throughout the rest of this year, as well as where they may be going over the few years beyond.

 

We’ve gathered current data from the industry’s most reliable sources to help answer these questions:

 

The Home ...

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July 29, 2019

Boise Real Estate Market Update May 2019

 

 

 

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

• The existing home median sales price reached a new high at $329,000, up 14.7% from May 2018. Local home prices are being driven by the persistently low inventory of existing ...

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Posted in Housing Market
June 6, 2019

Boise Real Estate Market Update April 2019

 

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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Posted in Housing Market
June 6, 2019

The Benefits of a 20% Down Payment

 

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 ...

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May 8, 2019

Boise Real Estate Market Update March 2019

Boise 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 ...

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Posted in 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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