Homes sales moved significantly lower during the month of December. Total sales for the Boise area (including all of Ada County) were 362 homes. The lower numbers were somewhat expected due to anticipated expiration of the Federal Government’s tax credit – set to expire the end of November. However, the government extended and expanded the credit through April 30, 2010. Remember, you don’t have to be a first time buyer to qualify for the $8,000. tax credit. If you haven’t owned a home in the past 3 years you qualify for the credit. And if you have owned a home in the past three years, the tax credit is $6,500. Hopefully with the extension of the tax credit, the home buyers will once again begin their search for a home.
Here’s the sales numbers broken down by area:

December 7th brings us the first snow fall of the season. Only enough to cover the ground but making a Christmas wonderland just the same.
The northeast doesn’t have anything on Boise. Although the fall colors of Connecticut, Vermont, and Maine have gained national attention, the fall colors in the City of Trees are outstanding this year. And one of the best place to take a look? One of the most peaceful and beautiful parks in Boise – 

HUD Waives 90-Day Re-sale Rule
In an effort to stabilize home prices and accelerate the sale of vacant homes, HUD Secretary Shaun Donovan announced a temporary policy change which allows for quicker re-sale of foreclosed homes and expands access to FHA mortgage insurance. Read More »