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Tuesday, February 26, 2013
Economists Predict 10% increase in home prices in Western States, and Zero Increase in NE States Capital Economics is predicting western states could experience 10% increase home prices this year, while the NE would likely experience no gain.
Posted by MikeT at 2/26/2013 2:31:00 PM
Friday, January 11, 2013
Home sales have a huge impact on a local economy. The fact that Boise has had 4 straight years of improving home sales is paying great dividends to this metro area. I stress not to measure the health of the real estate market just solely on home prices, but also keep your eye on demand.
Posted by MikeT at 1/11/2013 2:03:00 PM
Monday, November 26, 2012
Home Sales are up in all price ranges in Boise (Ada County). All prices ranges except homes priced below $120,000. The supply of homes priced under $120,000 is disappearing, which has lead to a sharp decrease in sales in this price range. WHY THIS IS IMPORTANT:
Posted by MikeT at 11/26/2012 8:14:00 AM
Thursday, November 15, 2012
It is now the 4th quarter of 2012 and the nation has just reported over 6 months of positive housing data. Almost every analyst and industry professional is convinced that housing definitely turned a corner and we should see homes prices continue to rise conservatively for the next few years.
Posted by MikeT at 11/15/2012 2:43:00 PM
Friday, November 09, 2012
On Wednesday, many of my friends, colleagues, and clients asked me how (or if) the real estate market will change as a result of the elections. Most who asked were surprised and frustrated by the results of the election--a state I like to refer to as an election hangover. No matter whom they voted for, I think everyone had a bit of an election hangover, thanks to the massive amount of media dedicated to this important event. I can?t imagine what it is like to live in Ohio, with 24/7 election media in your face. So let me get to the question at hand: Do I think the housing market will suffer with the election results? Over the last 4 year I have had many tell me that if Obama was re-elected, they would not make any major purchases (like a home) or take any more chances with their businesses or investments because they were convinced the economy would come to a screeching halt.
Posted by MikeT at 11/9/2012 11:21:00 AM
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