A Welcomed Correction

As quoted by Lereah, senior vice president and chief ecomonist for the National Association of Realtors: The explanation for this correction lies as much in the psychology of buyers as in their pocketbooks. This is a slowdown caused by high home prices and wavering confidence. Sales aren't cooling because there are no buyers in the market; they're cooling because buyers are waiting for prices to ease. I'm confident that once prices ease, investors and housholds will be back.
Over the last two months sales have actually increased and days on market have actually decreased. Those that say we have a doom and gloom market are not in it.

Great Time to Invest

Ada County is having an increase in listings of 1% per week. The effect is that the days on market are increasing by 2% per week. The largest number of home being added are in North Meridian & Southwest Boise/Meridian. The average active listing price is $362,833. The median active listing price is $289,925. What a great time to invest in rental property. Give us a call to use our expertise to build a portfolio of your own.