2019 Idaho Real Estate Blog

Home Buyers are alive in Boise Main Idaho Real Estate Insights

Boise is somewhat cyclical when it comes to real estate and spring is the most active time for buyers and sellers
 

Boise Idaho Real Estate starts to really heat up in April. I am not sure if it is due the tax refunds that people use towards a down payment  or if people just trying to get into a new home before summer. One of the things you will find is that we love the summer months in Idaho. Whether you are growing a garden, boating on lakes and rivers, hiking in the mountains or peddling around, we are an active group. Of course once you start and enjoy any of the activities you will be hooked on living in Idaho!

Is 2019 a good year to buy a house?

The housing market started to show signs of cooling in 2018 but the interest from out of state buyers continues. Most analysts believe that higher home prices and interest rates are headwinds, though continued economic growth and rising employment will support demand. Many of the major markets in the northwest are already seeing shifts but Boise looks even more attractive to those buyers as they are able to buy so much more house here. One of the trends we are hearing is that they are just as excited about moving here as they are escaping where they live, especially Californians?

One Real Estate Trend that local agent expect is Home Prices Are Rising Slowly . . . With Less Offers.


What is the best month to buy a house?

In January and February, houses for sale statistically cost 8.45% less than they do in June and August, according to a study from NerdWallet. Sellers tend to to wait until spring to list their homes for sale because they believe this time period will net the most money but the challenge is if they are buying they are also competing to buy. Sellers then become buyers who face multiple offers, rising prices, contingencies and escalation clauses. Search homes for sale in Boise Idaho.


Will interest rates on home loans increase this year?

Due to the uncertain economy, many economists anticipate just one rate increase in interest rates this year. Federal officials suggest the key rate to rise to 2.9 percent at the end of 2019, and 3.1 percent at the end of 2020, down from 3.1 percent and 3.4 percent, respectively, in their September 2018 projections.

 
Posted by tlangford at 4/16/2019 3:41:00 AM
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Michelle Penick, Build Idaho Client Real Estate Services

Michelle Penick

Client Care Team
208.629.0217 | [email protected]

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