Housing Market

Housing Market
2:51 pm
Tue June 3, 2014

Data: See The Change In Ada County Property Values

Click on the chart to enlarge the image.
Credit 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.  

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Housing Market
12:04 pm
Mon June 2, 2014

As Ada County Home Values Go Up, Assessor Doesn’t See A Bubble Looming...Yet

Credit 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. 

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Affordable Housing
1:11 pm
Wed March 26, 2014

Report: It Takes A 73 Hour Work Week To Pay Rent On Idaho's Minimum Wage

Credit 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.

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Economy
10:41 am
Wed March 5, 2014

North Idaho Landowner Selling Waterfront Property For Bitcoin

Credit 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.

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Housing Market
10:49 am
Fri November 15, 2013

Post-Recession Home Values Held Firm In Small Northwest Counties

Nick Bastian Flickr

Originally published on Thu November 14, 2013 6:06 pm

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.

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Housing
8:18 am
Thu October 31, 2013

Rejuvenated Housing Market Gives Giant Development North Of Boise A Needed Boost

The idea for the Avimor planned community north of Boise was first conceived in 2002. The project went dark during the recession but building has increased as the housing market recovers.
Credit 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.

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Economy
5:00 am
Wed October 30, 2013

More Idahoans Sign Up To Be Realtors As Boise's Housing Market Picks Up

Credit 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.

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Housing
5:45 am
Tue October 29, 2013

Why A Brand New Home Might Be Harder To Find As The Treasure Valley Housing Market Improves

New home construction in the Treasure Valley was hit hard when the housing bubble burst. Despite increased home sales since, homebuilding remains mostly stagnant. This subdivision near Eagle is one area where new homes are getting built.
Credit 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.

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Housing Market
10:05 am
Mon October 28, 2013

Data: How Idaho's Housing Market Has Changed Since 2006

The average Ada County home price in July 2013 was $239,194, in July 2006 it was $279,391.
Credit 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.  

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Housing Market
2:38 pm
Thu July 11, 2013

Home Prices In Idaho Are Up 15 Percent, New Building Permits Above Average

Construction is underway and sold signs are posted at this south east Boise subdivision.
Credit 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.

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StateImpact Idaho
9:48 am
Wed February 13, 2013

Boise’s Housing Bust Leaves Unlikely Victims In A Neighborhood That Saw The Worst

Ryan, Scott and Tara Arellano, at home in their kitchen
Credit 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.

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StateImpact Idaho
9:16 am
Wed August 8, 2012

How Traditional Japanese Homebuilding Reversed The Fortunes Of One Idaho Sawmill

Idaho Forest Group’s Mike Henley tells buyer Koji Fujiwara and consultant Paul Owen how the company sorts timber for the Japanese market.
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.

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Housing
10:14 pm
Thu August 2, 2012

One Housing Sector That’s Booming: Survival Realty

This pyramid shaped home in north Idaho was built out of concrete and steel beams, entirely underground. In this picture, an open hatch above the kitchen allows natural light in.
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.

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Housing Market
10:41 am
Thu July 12, 2012

Idaho Housing Market Shows Steady Improvement

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.

StateImpact Idaho
5:34 pm
Thu July 5, 2012

Mountain West Recovery Outpaces Nation’s, Brookings Says

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.

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StateImpact Idaho
5:59 pm
Wed June 6, 2012

Investors And New Homebuyers Square Off In Boise’s Fierce Housing Market

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...

Housing Market
1:57 pm
Mon June 4, 2012

Why Being Called A ‘Boomtown’ Isn’t Good For Boise

Molly Messick StateImpact Idaho

Boise’s local NBC affiliate, KTVB, reported on a handful of recent rankings that put Idaho’s biggest city among those whose housing markets are making a come-back. The TV station (and one of the recent rankings) use the term “boomtown” to describe what’s going on with Boise real estate.

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StateImpact Idaho
6:30 am
Thu April 12, 2012

Little By Little, Idaho's Hard-Hit Housing Market Begins To Revive

Housing development in Meridian, Idaho.
Molly Messick StateImpact Idaho

Idaho was hit hard in the housing crash.  For the better part of three years, the state’s foreclosure rate was one of the highest in the nation.  The Boise area saw the worst of it.  That means it’s been a while since this scene played out with any kind of regularity.

Lynne Smith pushes open the door of the home she’ll move into in just a couple of weeks. "This is it!" she says.  "It’s just nice to come in and look around and say, 'Oh, this is going to be my house!'"

It’s brand new.  It even smells new.

Housing
12:12 pm
Wed March 28, 2012

Home Prices Continue To Drop In Some Northwest Cities

Home prices continue to fall in much of the Northwest. New figures released Tuesday show yet another drop in both Seattle and Portland. 

The S&P/Case-Schiller Index measures housing prices in 20 large metropolitan areas around the country. The newest figures are through January and in them, both Seattle and Portland hit new lows for the current economic downturn. Average home prices in both cities are down about four percent from a year ago.

Steve Thoele is an agent with Keller-Williams Realty in Portland. He blogs about housing trends in Oregon.

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