Housing Market

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.

Adam Cotterell / Boise State Public Radio

Ada County homeowners are receiving annual notices in the mail with their new property values. The county assessors office says the median value of a home went up 5.8 percent between 2013 and 2014.

County Assessor Bob McQuade says the new median increase is tempered compared to the growth seen last year, which was a jump of about 14.5 percent. That means half of Ada County home values went more than 5.8 percent and half went up less.  

John Milner / Flickr Creative Commons

When it comes to determining America's best ski towns, it's not always about the best powder or accommodations. 

For the second year, real estate information company RealtyTrac has published a list of the best ski towns for investing. Three Idaho spots make this year’s list. 

Data Points To Early Signs Of An Ada County Housing Bubble

Dec 3, 2014
house, sold sign, yard
Emilie Ritter Saunders / Boise State Public Radio

The housing-market research firm RealtyTrac finds that Ada County is showing early signs of a home-price bubble, based on affordability and an uptick in the foreclosure rate.

chart, home values
Data: Ada County Assessor | Chart: Adam Cotterell

Property values in Idaho's most-populated county went up between 2013 and 2014 in a big way. This is the second year in a row Ada County's property values increased. Of course those increases are on the heels of four-straight years of decline after the housing bubble burst.  

Paul VanDerWerf / Flickr Creative Commons

If you own a home in Ada County, you may have received a letter in the mail last week from the county assessor’s office. And that letter probably said your property value had gone up, maybe even substantially.

That's good news for those wanting to sell their house or those who’ve been underwater on their mortgage. But the increases could mean higher taxes, and it could actually be bad news for the economy. 

housing, map
National Low Income Housing Coalition

An Idaho worker earning the minimum wage would need to work 73 hours per week in order to afford a modest two-bedroom rental according to a report from the National Low Income Housing Coalition.

North Idaho Landowner Selling Waterfront Property For Bitcoin

Mar 5, 2014
bitcoin
Antanacoins / Flickr Creative Commons

A North Idaho man is selling lake-front property for bitcoin, a digital currency that isn't regulated like the U.S. dollar.

The Coeur d'Alene Press reports Hayden resident Alen Golub has joined with neighbors to sell 660 waterfront acres. Golub tells the paper he's selling his 50 acres in exchange for bitcoin.

Across the nation, home values plummeted after the U.S. housing bubble burst in 2008. But that was not the case in some of the less populous counties in the Northwest.

Avimor, housing market
Scott Graf / Boise State Public Radio

When the idea for a planned community north of Eagle first came about in 2002, the housing market was strong. But final approval for the 35 square mile project known as Avimor didn’t come until 2008. By then, home sales in the Treasure Valley had tanked.

Data: Ada County Association of Realtors | Chart: Emilie Ritter Saunders / Boise State Public Radio

Nearly every seat at the Ada County Association of Realtors classroom is taken during a recent training session. The 50 people in attendance are here to become realtors. ACAR director and class teacher Marc Lebowitz  says as the Treasure Valley's housing market picks up, more people are signing up to become realtors. 

“We’re going to go over so much stuff today, it’s going to make your head spin,” Lebowitz tells the class.

Scott Graf / Boise State Public Radio

The Treasure Valley housing market is coming off its hottest summer in years. In July, Ada County home sales were up nearly 40 percent over July of 2012. The average price was up by about 20 percent.

The stats all points to a market that’s recovering from the housing bust of just a few years ago. But there’s one aspect of the industry that hasn’t been quick to recover: new home construction.

When the housing market was at its worst, a glut of new homes made it a buyer’s dream.

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

The Boise housing market is coming off the strongest sales period the region has seen since before the housing bubble burst in 2008. Low interest rates and relatively low demand helped drive home values higher this summer.  

Housing, Construction, Sold Sign
Emilie Ritter Saunders / Boise State Public Radio

Idaho is one of five states that saw housing prices climb by more than 12 percent from the first quarter of 2012 to the first quarter of 2013.

In Idaho, home prices are up 15.1 percent over the first quarter of last year. But as the State Economic Monitor from the Tax Policy Institute points out, Idaho is among states that saw the sharpest decline in home prices during the recession.

Molly Messick / StateImpact Idaho

Homeowners, credit intact, still making their monthly mortgage payments.  They’re not who we think of first when we think of the damage brought on by the housing crisis. But in a sprawling, master-planned southwest Boise subdivision called Charter Pointe, they’re a group that has struggled.

Molly Messick / StateImpact

Before the recession hit, the sawmill in the North Idaho town of Laclede was known for its reliability.  It had never seen a shutdown, not in Steve Spletstoser’s nearly 30 years of working there.  Then came 2008.

It was really eye-opening to see,” Spletstoser says.  “Your livelihood is hanging in the balance.”  Day after day, the mill cut lumber, and day after day it piled up.  Very little left the lot.

Jessica Robinson / Northwest News Network

The housing market in the Northwest is finally showing signs of recovery. But there’s one sector of real estate that never let up during the economic downturn. Real estate agents who sell what’s known as “survival realty” are experiencing boom times.

Idaho Housing Market Shows Steady Improvement

Jul 12, 2012
Molly Messick / StateImpact Idaho

RealtyTrac’s midyear foreclosure report gives emphasis to the mantra we’ve been hearing all year about Idaho’s housing market: it’s improving.

The Brookings Institution

Boise home values have improved by nearly five percent from their post-recession low.  That’s enough of an increase that a recent Brookings Institution report ranks the city first for its house price recovery.  StateImpact reported that finding early this week.

Molly Messick / StateImpact Idaho

There’s something unusual happening in Boise.  While national figures show that the housing recovery is slow, at best, Boise is one of a few U.S. cities that have seen a fast run-up in demand, and prices.  Continue reading...

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