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Boise Real Estate Sales – July 2009
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 [...]
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So how are we doing……
Home sales in the Boise area took a big turn for the better last month. Here’s a few statistics:
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Boise Real Estate Sales – June 2009
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 [...]
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Struggling to make your mortgage payment? Here’s help….
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 [...]
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Interest rates up? Sales will be down.
Back in March, I blogged about whether home buyers should buy now or wait for further declines in home values and how interest rate increases could price a home buyer out of the market. A economist with Stewart Title provided a scenario where some home buyers would be priced out of the market if [...]
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Boise Real Estate Sales – May 2009
Total Homes Sold in Ada County in May 2009 – 428
Boise
North – 21 homes with a median price of $262,900
Northeast – 10 homes with a median price of $355,000
Southeast – 18 homes with a median price of $268,000
Bench – 30 homes with a median price of $151,900
South – 16 homes with a median price of [...]
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Short Sales in the Boise area
Short sale offers are taking forever to get an answer from the bank. Home buyers are getting frustrated and moving on when they don’t get an answer in 2-3 months. Currently, 292 homes in the Boise area which are short sales are “Pending” (seller has accepted the offer but not the lender) and [...]
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Has Boise Real Estate turned the corner?
According to a newsletter from Guild Mortgage, “April Pending Home Sales came in UP 6.7%, rising for the third straight month and a 3.2% improvement over a year ago! The National Association of Realtors housing affordability index is near a record high and mortgage rates, while creeping up last week, are still at historically low [...]
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“Will Idaho Lead The Recovery?”
That’s the headline from The Idaho Statesman’s front page yesterday. The article went on to say that the Moody’s website, Economy.com, considers Idaho to be one of five states that could lead the country out of the recession. The reasons: 1) population growth, 2) a reviving high tech industry plus a labor [...]
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Boise Real Estate Sales – August 2009