Mortgage rates and home prices are two of the most important factors to consider when buying a home. In 2023, both mortgage rates and home prices have been rising, making it more difficult for buyers to afford a home.

So, what can buyers expect in 2024? Here is a look at the latest projections for mortgage rates and home prices:

The Gem State has long been a hidden jewel in the real estate market. However, recent trends indicate a surge in the Idaho housing scene, making it a hot topic for both local and out-of-state buyers. A significant player in this landscape? Interest rates. Let's delve deeper into the current real estate climate in Idaho and how interest rates play a pivotal role.

Idaho is a beautiful state with a lot to offer homebuyers. From its stunning mountains and forests to its friendly people and affordable cost of living, Idaho is a great place to call home.

According to the Intermountain Multiple Listing Service (IMLS), the Boise housing market showed a mixed bag of factors in June and July 2023.

As the global economy experiences its ups and downs, the housing industry stands as a sensitive barometer, reflecting the impact of economic fluctuations. In times of recession, the housing market undergoes significant transformations, leaving many homeowners, prospective buyers, and mortgage borrowers anxious about their financial stability. In this blog post, we will explore how a recession affects the housing industry, with a particular focus on the mortgage perspective. By understanding these dynamics, homeowners and potential buyers can make informed decisions during uncertain economic times.

More data and look at Canyon County! Nampa home prices up 16.8% and Caldwell up 17.7%. And we still have people waiting. Purchase a home in 2018, you now have 17.7% in equity. OR on the flip side, waiting to purchase, the home you wanted is now 17.7% more. Need a Realtor to help you out, call ME, I have some of the BEST Realtors in Idaho I can refer you to!!!

Numbers are out for May for Ada County, Boise, Meridain, and can I say WOW. Another killer report, with home prices up AGAIN. But homes sold were down, not a negative sign, but a sign of high prices. But June's numbers should be better as Interest Rates have SUNK to 18 month lows, which should spike home purchases!

#Home #Idaho #IdaHome #IdahoHomeLoan #IdahoRealEstate#IdahoMortgage #1st #1stChoiceLender #1stChoiceMortgage #IdahoBroker#BrokersRock #BrokersAreBetter #AdaCounty #CanyonCounty#PayetteCounty #Boise #Meridian #Nampa #Caldwell #Kuna #Eagle#MortgageAdviser #MORTGAGEBROKER #MORTGAGELENDER #AIME

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In this Blog:
Rates in Idaho looking better!
Don't forget new Idaho Homeowner's exemtion is out.
Slowing down in Boise & Meridain?
TRID is Here...what a headache!

In this Blog:
Rates slide down this week.
CFPB delays TRID
Home prices flattening?
Lead Generator
 

In this Blog:
-Rate increase this week, bummer.
-Article on Realtors and Leads
-Rehash HB 519