Housing Inventory Vanishing: What Is the Impact on You?

by MyHomeIdaho | Jan 17, 2020 | For Buyers, For Sellers, Housing Market Updates, Millennials

The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing that 2020 is beginning with the lowest...

Homes Are More Affordable Today, Not Less Affordable

by MyHomeIdaho | Jan 16, 2020 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing

There’s a current narrative that owning a home today is less affordable than it has been in the past. The reason some are making this claim is because house prices have substantially increased over the last several years. It’s not, however, just the price...

The 2020 Real Estate Projections That May Surprise You

by MyHomeIdaho | Jan 3, 2020 | For Buyers, For Sellers, Housing Market Updates, Pricing

This will be an interesting year for residential real estate. With a presidential election taking place this fall and talk of a possible recession occurring before the end of the year, predicting what will happen in the 2020 U.S. housing market can be challenging. As...

Expert Insights on the 2020 Housing Market

by MyHomeIdaho | Jan 1, 2020 | For Buyers, For Sellers, Housing Market Updates

When closing out another year, it’s normal to wonder what’s ahead for the housing market. Though there will be future inventory issues, we expect interest rates to stay low and appreciation to continue.   Here’s what three experts are saying we’ll likely see in 2020:...

2020 Forecast Shows Continued Home Price Appreciation

by MyHomeIdaho | Dec 24, 2019 | Housing Market Updates, Pricing

Questions continue to rise around where home prices will head in 2020. The latest forecast from CoreLogic shows continued appreciation at 5.4% over the next year: Additionally, ARCH Mortgage Insurance Company in their current Housing and Mortgage Market Review...

Where is the Housing Market Headed in 2020? [INFOGRAPHIC]

by MyHomeIdaho | Dec 21, 2019 | For Buyers, For Sellers, Housing Market Updates, Infographics

Some Highlights: Interest rates will be lower than they have been since before 1980 at 3.8% and are projected to remain steady throughout 2020! According to CoreLogic, home prices will appreciate at a rate of 5.4% over the course of the year. Experts predict that the...