by MyHomeIdaho | Mar 20, 2020 | For Buyers, For Sellers, Foreclosures, Housing Market Updates
With all of the havoc being caused by COVID-19, many are concerned we may see a new wave of foreclosures. Restaurants, airlines, hotels, and many other industries are furloughing workers or dramatically cutting their hours. Without a job, many homeowners are wondering...
by MyHomeIdaho | Mar 19, 2020 | For Buyers, For Sellers, Housing Market Updates
In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks and valleys of what’s come before us is...
by MyHomeIdaho | Mar 10, 2020 | For Buyers, For Sellers, Housing Market Updates, New Construction
The number of building permits issued for single-family homes is the best indicator of how many newly built homes will begin to come to market over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing &...
by MyHomeIdaho | Mar 5, 2020 | For Buyers, For Sellers, Housing Market Updates, Pricing
Unlike last year, the residential real estate market kicked off 2020 with a bang! In their latest Monthly Mortgage Monitor, Black Knight proclaimed: “The housing market is heating entering 2020 and recent rate declines could continue that trend, a sharp contrast...
by MyHomeIdaho | Feb 27, 2020 | For Buyers, For Sellers, Housing Market Updates
The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5%. The...
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...
