There is an interesting phenomenon happening in our local Boise real estate market that I believe is most likely happening elsewhere. The few available listings are creating a buying frenzy. There are agents showing homes with offers written before they even step foot into the home. Read more
The National Association of Realtors has recently reported that raw housing inventory is at a 13 year low nationally. I don’t know if locally (Boise/Meridian Idaho) we are that low as our statistics are not so readily available but we are down to levels I have never seen in 12 years as a licensed broker. Read more
In the last couple days a few more $1,000,000+ homes have come on the multiple listing service which made we wonder just how many of these homes are for sale, how many have sold and how long will it take to sell this glut of McMansions? Read more
Who would have thought! Loads of qualified buyers out there and not enough to buy! The lack of choices is leading to buyer apathy and many just deciding to stay put. As of today on the MLS there are 2,371 active listing in all of Ada county (Boise, Meridian, Eagle, Star and Kuna!). Read more
Sometimes it feels like Boise is in a weird bubble of economic stabilization and growth. Although there are slow signs of recovery nationally Boise has become a bit of a boom town again. Read more
