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 – the Kathryn Albertson Park.
Home sales in the Boise area continue their upward trend with a total of 546 homes sold in September, up 6.4% over August. The affordability of homes plus historically low interest rates are the contributing factors in the increase in sales. The first time home buyers tax credit of $8000. also contributed to the strong numbers. However, the tax credit is set to expire the end of November. I think we’ll continue to see an upward trend – at least until the credit expires.
The number of active listings continues to trend downward from 3,537 in August to 3,403 in September.
Over the past few months, I’ve had the pleasure of working with several first time home buyers in their search for their first home. It wasn’t always easy – credit issues, losing out to other buyers, playing the waiting game on a short sale. But when the sale comes together and closes, there is no better feeling for a Realtor.
Home sales in Ada County remain strong in the month of August with 511 homes selling during the month – just above the 510 homes that sold during the month of July. More good news. The number of active listings in Ada County dropped about 7% from 3,790 in July to 3,537 in August. And still more good news. The median price of homes increased in all areas except North, Northeast, and Southeast Boise and Northwest and Northeast Meridian.
Here’s the numbers specific to each area: Read More
Homes sales for the month of July are out and we show a slight drop in homes sold in Ada County from 559 in the month of June to 510 in July, a drop of about 8%. However, home sales were up over June 2008 numbers by about 4%.
In addition, the number of short sales that have ready and willing buyers has increased. The number of “pending” short sales has increased to 338 from 292 and short sales that are “contingent-other” or “contingent-short sale” has risen from 163 to 309 since June 8th. (see Short Sales in the Boise area.
Here’s the specifics to each area: Read More
First time home buyers, take notice. The $8000. tax credit offered by the Federal Government is coming to an end. You only have until December 1, 2009 to find that perfect home, make an offer, get your offer accepted and close on the purchase if you want to qualify for the tax credit. That only 4 months away.
Home sales in the Boise area took a big turn for the better last month. Here’s a few statistics:
Total Homes Sold in Ada County in May 2009 – 559
Boise
North – 31 homes with a median price of $240,000
Northeast – 13 homes with a median price of $335,645
Southeast – 46 homes with a median price of $189,500
Bench – 39 homes with a median price of $149,900
South – 22 homes with a median price of $160,000
Southwest – 37 homes with a median price of $155,000 Read More
Good news for those struggling homeowners who have continued to make their monthly mortgage payment. HUD director Shaun Donovan announced an expansion of the Home Affordability Finance Program (HARP). This program is aimed at helping homeowners take advantage of lower interest rates – or a fixed interest rate – even though they are “upside down” in their current loan. The expansion allows homeowners to refinance their current loan into a new loan of up to 125% of the home’s current value – up from 105%.
There are some conditions, however:
Idaho AG Publishes Free Self-Help Handbooks for Homeowners/Buyers
The Idaho Attorney General’s office announced today two new free publications – one to help struggling homeowners facing foreclosure and one for home buyers. The two publications are available on the AG’s website.
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