Category Archives: Boise Economic News

HUD Waives 90-Day Re-sale Rule

By kgeselle | Published: January 20, 2010
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.
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Boise Real Estate Sales – August 2009

By kgeselle | Published: September 12, 2009
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 [...]
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Boise Real Estate Sales – July 2009

By kgeselle | Published: August 11, 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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First Time Buyer Tax Credit

By kgeselle | Published: August 6, 2009
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. [...]
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So how are we doing……

By kgeselle | Published: July 14, 2009
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

By kgeselle | Published: July 11, 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….

By kgeselle | Published: July 6, 2009
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.

By kgeselle | Published: July 3, 2009
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

By kgeselle | Published: June 11, 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

By kgeselle | Published: June 8, 2009
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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