Population growth has been a major factor driving home prices in Idaho. Idaho has been one of the top 5 fastest growing states in the nation for 7 years in a row now, based on percentage of population. However, the growth has slowed.

From July 2022 to July 2023 Idaho …

The National Association of Realtors just released their quarterly metro medians report. Eighty percent of large metros posted price increases for the 3rd quarter despite spiking interest rates. Low inventory continues to support rising home prices in many areas. Eleven percent of metros even posted double-digit gains.

In the Boise …

Happy Fall! Well, interest rates have been rising, now near a 23-year high, and I was expecting home prices to soften as a result. However, inventory remains low in SW Idaho and that has helped to support local home prices. People are understandably more hesitant to move and trade in …

Since early last year mortgage interest rates have doubled and everything has gotten more expensive, but why have home prices not just collapsed in the Boise Idaho area? Affordability conditions are the worst in many years.

Our local home prices did fall over the winter (they almost always do in …

This is not just local news, but it is the biggest news in real estate right now. Last week mortgage rates rose to the highest level in 22 years! According to Freddie Mac's weekly survey of mortgage lenders, last week's average was 7.09%. I would understand if …

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood …