Monday, May 19, 2008
The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming right now.
| Posted by Ryan Kerfoot at 3:04 PM |
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Thursday, April 03, 2008
This link will take you to a feature article that appeared in the Idaho Statesman on February 25th regarding the new Galileo Math & Science Magnet School in the Meridian District.
http://www.idahostatesman.com/eyepiece/story/305199.html
| Posted by Ryan Kerfoot at 1:47 PM |
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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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