2019 Idaho Real Estate Blog

Why Boise Idaho Home Prices are rising Main Idaho Real Estate Insights

IT is always the talk at the water cooler. And they are never stable! It is either on the way up or on the way down but the market is going to get even more volatile over the coming months.

American Dream of Home Ownership CrushedCurrently investors and people re-locating to Boise are driving  home prices up but even more factors are going to influence real estate values this summer.

One is going to be interest rates. This has been at historical lows for months and it looks like they are on the rise with guidelines ightening and additional restrictions coming on board, especially for new construction.

New Construction is definitely a driver of the local economy but with cheap lots running out, building lot prices on the rise, labot costs going up, cost of goods going up, gas still expensive and many increase in governemenet regulation fees plus new one coming, it is going to drastically affect new home sales. I am not sure of the details but Idaho Power is also increasing their hookup fees.

 
Posted by tlangford at 6/14/2013 11:26:00 PM
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Michelle Penick, Build Idaho Client Real Estate Services

Michelle Penick

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