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Tuesday, March 25, 2008
Please don't let me spoil a good cathartic experience for you. If you are certain the sky will fall, then by all means wear a helmet and turn elsewhere for confirmation. I enjoy amateur economics, you know, basic stuff like supply and demand. In my job, we study the real estate market in the Treasure Valleyand have been closely monitoring residential inventory since 2006 after the unfathomable sales year of 2005. At this point, you probably know there is an extreme excess supply of residential lots and, in my opinion, a much more reasonable supply of finished home inventory. I would argue that the market has been correcting itself for some time and we have made considerable progress toward equilibrium.
One way to evaluate the trend of finished residential inventory supply is to study the change in inventory by month from one year to another. Because we live in Idaho, winter both impedes the construction process and the buying process. During the holiday period, people are other...
| Posted by Nora Kormylo at 3:00 PM |
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Tuesday, March 11, 2008
Gradual Recovery Through Spring
Boise, ID: Home sales statistics for February show that 360 Single Family Homes sold in Ada County according to figures released by the Intermountain MLS and reported by the Ada County Association of REALTORS®.
According to the National Association of REALTORS® Lawrence Yun, NAR chief economist said many buyers have been waiting for higher mortgage loan limits. "The higher loan limits for both FHA and conventional loans will increase consumer choice and provide greater access to lower interest rate mortgages in high-cost regions," he said. "Therefore, a notable rise in home sales can be anticipated in the second half of the year."????????
"Buyer activity is continuing to grow," said ACAR President Dan Hernandez. "February sales are up 16% compared to last month. Sellers are coming back gauging the temperature of the market and getting ready for the spring."
Median home prices for existing homes ...
| Posted by Nora Kormylo at 12:48 PM |
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Monday, March 10, 2008
This is a very confusing time in our economy, and especially in the real estate market. We hear from the national media that values will continue to drop on homes and that we should wait to buy a home.
Interest rates are down and I want to buy, but I'm afraid and not sure what to do! That is what we are hearing from a number of people. It is a very important decision and there is a lot to consider.
First of all not all states and city's are created equally. Every city or community has their own economy. The problem with these statements from the national media is that they do not tell us what is really happening in our own community. Even the local papers are quoting some expert in Washington D.C., New York or wherever! We need to know our local market. In the Treasure Valley we are very lucky as we have very low unemployment, a healthy commercial building climate, job creation and growth, low crime rates and mild weather, which all create an atmosphere where people want to liv...
| Posted by Mike Pennington at 2:35 PM |
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Saturday, March 01, 2008
As seen in Meridian in the Middle Magazine, JAN/FEB Edition
Treasure Valley Family YMCA
Turns to Meridian for New Campus
Story by Linda Funaiole
To view this story at Meridian in the Middle, please click here.
Treasure Valley Family YMCA officials have looked southward to Meridian for a satellite campus to house a proposed pilot lifetime fitness project that would help stem a growing national health care crisis. Jim Everett, Treasure Valley Family YMCA president and chief executive officer, says the developers of Gramercy Village in central Meridian have donated a parcel of land within their subdivision for a new "compact" center that would address school health and wellness needs.
Plans call for a limited facility initially, with room for expansion to a full-fledged YMCA in the future that could include an aquatics center, climbing wall and youth activity center, if the community approved and helped fund it. First phase construction will be paid through private donations....
| Posted by jennae at 10:53 AM |
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Tuesday, February 26, 2008
Best States for Jobs
Anthony Balderrama, CareerBuilder.com writer
Location is everything, according to the real estate adage. Many people learn the wisdom of these words after they move into their first apartment on a tight budget and have a view of a landfill and the smells that come from it.
The same holds true for job hunting. Your chances of finding the right job - or any job, really - depend on where you live. The unemployment rate is the ratio of job seekers to the working population. Therefore, a low percentage means few people are having any difficulty finding work.If you're looking for a job, you want to be in a state that has an unemployment rate lower than the national average, which is 5 percent according to the most recent data from the Bureau of Labor Statistics (BLS).
Here are the 15 best states to find work ranked by their unemployment rates.
1. South Dakota
Unemployment rat...
| Posted by Nora Kormylo at 2:04 PM |
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