Home Prices

Richard Lam / CP, AP Images

The Trump Administration recently announced a 20 percent tariff on Canadian softwood lumber exports.

The trade dispute over softwood lumber is nothing new. Softwood lumber is what home builders use, and the Canadian market is a big one in the United States. According to University of Idaho forest economics professor Greg Latta, American companies have long felt that Canadians have an advantage because Canadians log on nationally-owned forests – amounting to a government subsidy.

real estate, home for sale, housing market
Scott Graf / Boise State Public Radio

The U.S. Department of Housing and Urban Development (HUD) has increased the price of mortgages they will insure in 2017.

This is the first time since 2009 that HUD has increased the amount for federally backed mortgages. Growing demand for housing in Idaho is a factor.

Karina / Flickr Creative Commons

A couple of weeks ago, we reported on the increase in median home values across Ada County. The county assessor says the pace of growth is sustainable at a little more than 5.6 percent. After the housing market rebounded after the Great Recession, buying a home has become more competitive.

One of the places that's seen a boost in popularity for home buyers — and increased home values because of the competition — is the Boise Bench.

Scott Graf / Boise State Public Radio

Real estate data company RealtyTrac says Boise is in better shape than most of the country when it comes to the difference between wages and home prices.

RealtyTrac looked at wage growth and home price growth from 2012 to 2014 in the nation’s 184-largest metro areas. Nationally, price growth outpaced wage growth 13-to-one. RealtyTrac vice president Daren Blomquist says in Boise, it was closer to four-to-one.