Housing Market: Another Gigantic Difference Between 2008 and 2018

by MyHomeIdaho | Aug 17, 2018 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers |

Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis....

Have You Outgrown Your Starter Home?

by MyHomeIdaho | Aug 15, 2018 | For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers |

For many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment. It may seem hard to...

Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]

by MyHomeIdaho | Aug 11, 2018 | For Buyers, For Sellers, Housing Market Updates, Infographics |

Some Highlights: According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were down 2.2% from last year. Inventory of homes for sale showed a modest improvement of 0.5% over last year’s figures, but still remains under the...

Supply & Demand Will Determine Future Home Values

by MyHomeIdaho | Aug 10, 2018 | For Buyers, For Sellers, Housing Market Updates, Pricing |

Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined as: “The...

Are Lending Standards Propping Up Home Prices?

by MyHomeIdaho | Aug 3, 2018 | For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers |

Back in 2005, Federal Reserve Chairman Alan Greenspan described the dramatic increases in residential real estate values as a “froth in housing markets.” Greenspan went on to say: “The increase in the prevalence of interest-only loans and the introduction of...

Buying Is Now 26.3% Cheaper Than Renting in the US

by MyHomeIdaho | Aug 2, 2018 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy |

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States. In the six years that Trulia has conducted this...