February 19th, 2009
How is the Obama Housing Plan going to help?
How is the Obama Housing Plan going to help? Click here to read an article that describes some of the benefits.
January 23rd, 2009
Is Now A Good Time To Buy and/or Sell A Home?
In these confusing economic times, the question always comes up for those who are considering selling their home and/or purchasing a home. Is now a good time to move forward?
I believe the answer lies very much in your situation. For those who are renting and have good credit the answer is a resounding “YES”. Interest rates have never been lower, and with good credit, loans are still available. And prices of homes have not been this low in a long time.
For those who need to sell a home before purchasing, there are two types of situations to consider. If you do not have sufficient equity in your home right now, then it is probably best to be patient and wait until the market begins to appreciate again. If you do have sufficient equity for a down payment, this now is a good time to consider selling your home and purchasing another home. Although you will be selling your home in a “wholesale” market, you will also be purchasing a home in a “wholesale” market. If you are moving up, you will probably be able to proportionately get a better “deal” than waiting until a “normal” market where you will sell at “normal” market value and purchase at “normal” market value.
Whatever your situation is, if you are considering purchasing or selling, it is important to find a highly qualified Real Estate Consultant that can provide to you the up-to-date market data, and can advise you and protect your interests in the best possible way.
For a Free Update on the current market data for your neighborhood area , please click here.
January 13th, 2009
ADA County Market Trends For October 2007 Through December 2008
Although it may not always be good news, knowing what trends are occurring in the real estate market is always valuable to the savvy buyer and seller. Here are the most recent real estate trends for ADA County in three important areas from October 2007 through December 2008: For Sale vs. Solds, Average Price for Sale & Sold Properties, and Months of Inventory.
The For Sale vs. Solds graph indicates the following: a -25% change in homes for sale, a -32% change in homes sold and a -15.2% change in homes that are pending.
The Average Price For Sale & Sold Properties graph indicates the following: a -13.2% change in average listing price and a -22.9% change in the average sold price.
The Months of Inventory graph indicates the following: a 10.3% change showing 12.9 months of inventory of homes available based on homes listed vs. homes sold.
For more detailed market data specific to an area, feel free to email me at Doug@BoiseHomeGuru.com and I will be happy to provide the market data you request.
