Here are my random musings that (kinda?) tie in with the previous three posts on Boise, Meridian, and Eagle market stats: It’s encouraging to note the positive increase of sales in all categories! It’s positive to note the lower rates of price declines... »
Here’s a snapshot of February’s real estate activity for Meridian, Idaho: Available Homes # Available: 1,000 # Vacant: 575 Vacant Percent: 57.5% Average Asking Price: $198,957 Median Asking Price: $174,900 Pending Sales # Pending: 250 Average Asking Pr... »
Here’s a snapshot of February’s real estate activity for Boise, Idaho (Ada County): Available Homes # Available: 3,684 # Vacant: 1,905 Vacant Percent: 51.7% Average Asking Price: $240,280 Median Asking Price: $174,900 Pending Sales # Pending: 877 Avera... »
Freddie Mac has announced that it will no longer purchase or securitize interest-only loans, effective September 1, 2010. Freddie Mac stated “Our purchases of these mortgages and issuances of guarantees of them, expose us to greater credit risks than d... »
Do you live in a subdivision with vacant lots? If so, carefully consider what could happen. Here’s how the development business works: When a developer develops lots, he incurs heavy upfront costs to acquire the land and install the infrastructure. Tho... »
Here’s a breakdown of 2009 sales for Harris Ranch subdivision in Boise, Idaho: # Sales: 32 Average Price: $350,504 Median Price: $347,000 # Short Sales: 2 # REO’s: None Copyright © 2010 Boise Real Estate Blog. This Feed is for personal non-commercial u... »
Here’s a breakdown of 2009 sales for Two Rivers subdivision in Eagle, Idaho: # Sales: 41 Average Price: $612,853 Median Price: $485,000 # Short Sales: 8 # REO’s: 12 Copyright © 2010 Boise Real Estate Blog. This Feed is for personal non-commercial use o... »
With 65% of all Ada County sales under $200,000, it is apparent that first time buyers comprise most of our sales activity. Many of those eager buyers are confused by the apparent abundance of listing inventory. They see thousands of homes offered on ... »
Several upcoming changes will soon increase the cost of buying a home. On March 31st, the Fed will stop buying mortgage-backed securities. The Fed has purchased $1.25 TRILLION (yes, Martha, that’s a “T”) of MBS in a successful effort to keep mortgage i... »
We can expect higher interest rates when the Feds stop buying mortgage-backed securities (MBS in real estate lingo) on March 31st. The Feds have purchased $1.25 Trillion (yes, with a “T” !!) worth of MBS paper in a successful attempt to keep mortgage i... »
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