Real Estate

For Sale Coldwell Banker House Sold
Adam Cotterell / Boise State Public Radio

Home ownership in Idaho’s two most populous counties is getting less affordable. That’s according to a report released Thursday by real estate data company RealtyTrac.

How affordable your home is has to do with the percentage of your income you have to spend on it. RealtyTrac says home prices are going up faster than income in Ada and Canyon Counties. So homes are getting less affordable.

Bradley Gordon / Flickr Creative Commons

You’ve probably heard of the wage gap. Women tend to get paid less than men for the same work. Now, a new report from the real estate information company RealtyTrac says that gap means women have less of a chance of developing wealth through home ownership.

Adam Cotterell / Boise State Public Radio

There were a lot more places to live in Idaho last year than there were the year before, according to a report from the U.S. Census Bureau. There were 685,099 housing units in Idaho in 2014. To the census, a housing unit is most anywhere people live; houses, mobile homes, apartments large or small. 

The number of Idaho units went up by more than 6,000 between July 2013 and July 2014. That was the biggest increase the state had seen in several years.

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.

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. 

Jessica Murri / For Boise State Public Radio

A new Idaho law set to take effect this summer will curb the power of homeowners' associations after state lawmakers felt some organizations were abusing their authority.

HOAs are popular in Idaho's larger cities. Six years ago, the Idaho Senate estimated there were around 2,500 homeowners' associations in the state. An HOA's goal is to keep neighborhood property values up by enforcing covenants and bylaws. Residents who don’t always abide can be fined. 

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.