We Know Boise Real Estate
July, 2020
Found 3 entries for July, 2020.

Treasure Valley Idaho - Greater Boise Metro Area

From the remote desert of the Owyhee Mountains, to expanding vineyards and family-run farms, to bustling metropolitan areas ringed by national forest, there is no other place in Idaho – or perhaps even the Northwest – that contains the diversity of the Treasure Valley.

In addition, job opportunities are plentiful, housing prices are reasonable, and national rankings show everyone from millennials to retirees think it’s a desirable area to live. So it’s no surprise that the Treasure Valley, also called the Boise Metro Area, is currently consistently ranked as one of the fastest-growing in the nation.

But all that diversity can sometimes cause confusion. For instance, what exactly do we mean when we’re speaking of the Treasure Valley? Is the

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Buying a Foreclosed Home? Here’s What You Need to Know

Buying a foreclosure can be an excellent opportunity to save money on a new property purchase. The key is to do your homework and go in with your eyes open.

In most parts of the country, home prices seemingly increase by the month. Despite the fact that there are fewer Boise foreclosures for sale today than there have been in the past few years, there is still very strong interest from buyers considering buying a foreclosure. With the potential to save some hard-earned money, it probably doesn’t come as a surprise.

So what exactly is a foreclosure and how do they work? When different people mention foreclosures, they are not always referring to the same type of foreclosure. Let’s review the five main types of foreclosures, how they differ, and

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Boise New Listings Fall off a Cliff Sending Supply to Two Decade Lows

New listings took a nosedive across the Treasure Valley in June, driving home prices up and setting new sales records in Boise, Ada County, and Canyon County.

Despite the continuing pandemic, demand for homes has not lessened – it has grown – as sellers postponing listings, and new construction delays are now compounding an already critical lack of supply in the valley.

To get a better idea of just how sudden and dramatic the change was, let’s look at the numbers:

  • In Ada County, available listings plunged from 1,353 in May to 985 in June – a more than 27% drop. When compared with last year’s available listings (1,715), we see a 42.6% decline. For context, we haven’t seen so few listings on the market in any June since the ‘90s housing
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