Monday, April 6, 2020 / by Greg Langhaim
The Boise area once again topped the nation for hottest real estate markets in the month of March.
Both Ada and Canyon counties had record-high sales prices last month, just as coronavirus concerns began to impact local housing markets. We will see what April brings.
In Ada County, the median single-family home sold for a record-setting of $365,645 in March. Compare it to a median price of $336,110 during the same period in 2019 and you’ll see an 8% growth in prices. Not surprising given the healthy market forecasts for the Treasure Valley.
New record-setting prices were helped by a few factors: mortgage interest rates fell to all-time lows in February, which helped buyers funds go further. Yet there were fewer homes than ever on the market – housing inventory was down to 20-year lows. Despite the limited availability, 932 homes were sold in Ada County in March, beating last year’s sales number (837) by nearly 100 homes. Even February’s health ...
Thursday, March 19, 2020 / by Greg Langhaim
Are We About to See a New Wave of Foreclosures?
With all of the havoc being caused by COVID-19, many are concerned we may see a new wave of foreclosures. Restaurants, airlines, hotels, and many other industries are furloughing workers or dramatically cutting their hours. Without a job, many homeowners are wondering how they’ll be able to afford their mortgage payments.
In spite of this, there are actually many reasons we won’t see a surge in the number of foreclosures like we did during the housing crash over ten years ago. Here are just a few of those reasons:
The Government Learned its Lesson the Last Time
During the previous housing crash, the government was slow to recognize the challenges homeowners were having and waited too long to grant relief. Today, action is being taken swiftly. Just this week:
The Federal Housing Administration indicated it is enacting an “immediate foreclosure and eviction moratorium for singl ...
Wednesday, February 19, 2020 / by Greg Langhaim
The Many Benefits of Aging in a Community in Boise Idaho
There’s comfort in being around people who share common interests, goals, and challenges. That comfort in a community doesn’t wane with age – it actually deepens. Whether it’s proudly talking about grandchildren or lamenting the fact that our eyes aren’t as good as they used to be, it helps to be around people who not only understand what we’re saying but actually feel the same joys and concerns as well.
That’s why many boomers are deciding to move into an active adult community. In the latest 55places National Housing Survey, they were described by one out of three seniors as an “outgoing, social community of likeminded people.”
Bill Ness, Chief Executive Officer and Founder of 55places.com, explains:
“Baby boomers are now reaching the age when moving to an active adult community is the ideal opportunity for them…Many boomers no ...
Tuesday, February 18, 2020 / by Greg Langhaim
North End Boise! What people love about it!
The North End, which contains many of Boise Idaho's older homes and the tallest building, is known for its tree-lined drives such as Harrison Boulevard, and for its quiet neighborhoods near the downtown area. Downtown Boise is visible from Camel's Back Park, On 13th Street. The North End also hosts events such as the annual Hyde Park Street Fair. It's known for the best street to visit on Halloween, has many small restaurants and cool eateries. If you are into this scene, then you are into the North End.
TOP TEN REASONS People Love Loving in the North End
First Thursdays & Alive After Five Events
Diversity of architecture & Mature Trees
Access to Fantastic Restaurants
Quiet Streets & Friendly Neighbors
Art in the Park (Annual Local Artist and Craftsman Fair)
Community Events and Involvement year round
Hike the Foothills
Saturday Markets ...
Tuesday, September 24, 2019 / by Greg Langhaim
Should You Fix Your Boise House Up or Sell Now?
With the fall season upon us, change is in the air. For many families, children are growing up and moving out of the house, maybe leaving for college or taking a jump into the working world. Parents are finding themselves as empty nesters for the first time. The question inevitably arises: is it finally time to downsize?
If you’re pondering that thought, you may also be wondering if you should fix-up your house before you sell it, or go straight to the market as-is, allowing a potential buyer to do the updates and remodeling. If you’re one of the many homeowners this camp, here are a few tips to help you decide which way to go.
1. Analyze Your Market
A real estate professional can help you to understand your market and the potential level of buyer interest and demand for your home. Are you in a seller’s market or a buyer’s market? This can change based on the price range of your home, too. A ...