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...
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!'"
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.