Boise continues to receive national attention as being a desirable place to live, and the outcomes are rubbing some residents the wrong way: benefits like a stronger economy are coupled with expensive home prices — a boon for sellers and realtors, but a potential hardship for local buyers.

According to Boise Regional Realtors’ most recent statistics, the median sale price of a home last month was just shy of $410,000, and on average a home was on the market for 26 days, down 23.5% year over year. Inventory is down 73.2% year over year. The full report is available at… Continue reading →

The Treasure Valley is still a red-hot destination for new residents, according to a report from WalletHub.
BOISE, Idaho — Meridian and Nampa are among the top 10 fastest-growing cities in the country, according to a 2020 report of the fastest-growing cities in America.
The Census Bureau reported that the southern and western regions of the United States held 13 of the 15 cities with the highest population growth between 2010 and 2019.
With this report, the personal-finance website WalletHub released its list of 2020’s Fastest-Growing Cities in America.

To determine where the most rapid growth occurred over the last… Continue reading →

Boise, Idaho has never missed a ranking on our Top 100 Best Places to Live list, and it clinched the #1 spot on the 2019 list. As the capital and most populous city in Idaho, Boise helps set the cultural tone of the state, offering residents and visitors a rich collection of amenities from parks and restaurants to museums and music venues. Boise State University drives the economy in Boise, along with top employers like Micron Technology, St. Luke’s Health System and Simplot. While most of the city lies on a broad, flat plain, a stretch of mountains to the… Continue reading →

A new report lists several ways Ada County grew or expanded in 2018 as its population grew 3.6 percent, to an estimated 471,000 people.

That expansion affected virtually every element of county government, said the report released by the Ada County Commission.

The growth was the fastest in three years, thanks largely to people moving to the Boise area as its economy booms and the city keeps making best-of lists. The population grew 2.6 percent in 2017 and 1 percent in 2016.

What does that mean for you? In short, more of just about everything.

More neighbors

COMPASS, the Community… Continue reading →

BOISE, Idaho — Boise ranked as the second best state capital to live in the U.S., according to a new report from the personal finance website WalletHub.

WalletHub compared all 50 state capitals across 54 key metrics to identify the most livable seats of state government. They ranged from cost of living to affordability to unemployment to economic well being to the number of attractions.

The City of Trees just added another distinction to its growing résumé.  Idaho’s capital city is among the top 10 “surprising housing markets poised to rule in 2019,” according to realtor.com.

The roster was created after the real estate listings website analyzed housing markets across the U.S. that are hotbeds for job growth and new construction— places where hordes of new residents are moving and which are, for the most part, relatively affordable.

Boise landed No. 8 on the list.

According to realtor.com, “Much of the boom in Boise’s housing market is due to all of the out-of-staters swooping in. As in… Continue reading →

Happy New Year! In our first Housing Market Report of 2019, we take a look at the Boise, ID, metro – consistently one of the hottest CBSA on our Top 10 list.  Throughout 2018, Boise reported strong numbers across many categories we analyze, but this month Boise had the:

• Lowest Months Remaining Inventory (1.61)
• Fewest Active Days on Market (54)
• Fewest Sold Days on Market (50)

What does this mean? And why is it happening? There are a few factors directly influencing this red-hot market, and markets in the western United States as a whole. First and foremost, it’s population growth.… Continue reading →

Americans are relocating to western and southern parts of the country, making Idaho the third most popular state to move to, according to United Van Lines’ 42nd Annual National Movers Study released Wednesday.  The report tracks customers’ state-to-state migration patterns over the past year.  

The study found that the state with the highest percentage of inbound migration was Vermont (72.6 percent), with 234 total moves. Oregon, which had 3,346 total moves, experienced the second highest percentage nationally, with 63.8 percent inbound moves.  
States in the Mountain West and Pacific West regions, including Oregon, Idaho (62.4 percent), Nevada (61.8 percent), Washington (58.8… Continue reading →

Where is the Boise real estate market headed in 2019? In a nutshell – a move to a more balanced market.

First a quick recap of what’s happened over the last twelve months:

• Boise area home prices jumped nearly 20%, with most neighborhoods showing flat or declining inventory.
• Construction of new homes increased a bit but not enough to offset the high demand we saw from buyers.
• Mortgage rates have risen from 3.92% to 4.87%, an eight-year high.

Price Appreciation Slows

Home values in the Boise area have been outpacing the national average since 2011. The double-digit appreciation we… Continue reading →

Boise, Idaho, a bustling Northwest city of 227,000 people, is increasingly becoming a favorite destination for West Coasters seeking an affordable place to put down roots. In the past decade, Boise has added 20,000 people to its population, and earlier this year, Forbes named it the fastest-growing metro area in the U.S.  Driven by affordable housing, a more relaxed pace and lower taxes, people from California, Washington and Colorado are cashing out of expensive homes and getting more for their dollar in Boise.

The housing market is strong

Boise has been hot for the best part of the last three years. The median… Continue reading →