The third anniversary of the housing melt down in just a couple months away. I remember so clearly when the floor fell out and the economy took a nose dive. September 2008. My Mom had passed away almost a month to the day before this black cloud descended on the U.S. Some may think that is odd remember this so clearly Read more
Despite the Idaho Statements best efforts to thwart the local real estate market many feel there has never been a better time to buy a home. Mortgage rates have fallen for 8 consecutive weeks (a 50 year low), the local housing affordability has never been better and although home prices are expected to continue to decline the long term benefits of homeownership remain intact. Prices declined as much as 7.5% in April but according to CoreLogic if you exclude the distressed sales the market only declined 0.5%. Read more
There are very oddly hot pockets in the market right now, namely REO properties. Each bank owned home I have written an offer on the past few weeks has had multiple offers (4 to 5 for each home). Read more
Which matters most to buyers; a home that fits their needs, appeals to that guttural sense of knowing they are “home” or just the bottom line…a house (4 walls and a roof). It appears to me those buyers that utter phrases like “I only want buy if I can get a steal” are looking to buy a house not a home. Read more
I was perusing the price reduced listings yesterday and found it interesting the number of HUD (Housing and Urban Development) owned homes that had price reductions. It is my assumption there must be a set policies for these homes that fail to sell. Read more