by MyHomeIdaho | Mar 12, 2020 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing
The residential real estate market has come roaring out of the gates in 2020. Compared to this time last year, the number of buyers looking for a home is up 20%, and the number of home sales is up almost 10%. The increase in purchasing activity has caused home price...
by MyHomeIdaho | Mar 11, 2020 | For Buyers, For Sellers, Move-Up Buyers, Pricing
Rising home prices have been in the news a lot lately, and much of the focus is on whether they’re accelerating too quickly and how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact they...
by MyHomeIdaho | Mar 4, 2020 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers
Spring is right around the corner, so flowers are starting to bloom, and many potential homebuyers are getting ready to step into the market. If you’re thinking of buying this season, here’s how mortgage interest rates are working in your favor. Freddie...
by MyHomeIdaho | Feb 28, 2020 | First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing
Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership. Below are...
by MyHomeIdaho | Feb 25, 2020 | For Buyers, Housing Market Updates, Luxury Market, Move-Up Buyers
Homes priced in the top 25% of a price range for a particular area of the country are considered “premium homes.” At the start of last year, many of the more expensive homes listed for sale hadn’t seen as much interest, since much of the demand...
by MyHomeIdaho | Feb 4, 2020 | First Time Home Buyers, For Buyers, Move-Up Buyers
When the number of buyers in the housing market outnumbers the number of homes for sale, it’s called a “seller’s market.” The advantage tips toward the seller as low inventory heats up the competition among those searching for a place to...
