The Idaho Department of Labor has recently published long-term projections forecasting what Idaho’s labor market will look like in the year 2024. The outlook is very optimistic. Idaho’s employment is projected to grow by 1.8 percent annually through 2024. This compares favorably to the national growth projections of only 0.6 percent annually over the same time period, according to the federal Bureau of Labor Statistics. This forecast would surely put Idaho in a familiar place among the fastest-growing states.  Click here to continue….  

5 Top Housing Markets for Jobs, Sales Growth

The creation of new jobs spurs household formation and leads to new construction and helps to boost consumer confidence.  “When employment is strong and growing, consumers are more confident about their present and future,” writes Jonathan Smoke, realtor.com®’s chief economist in his latest column.  “When consumers are more confident, they are more likely to buy a home (or sell an existing home to buy another one).”

As such, realtor.com®’s research team identified five major markets that have seen the most growth in jobs and homes sales over the past two… Continue reading →

Resale Homes Data:  
Ada County – closed 24 units more or a 3% increase over July 2015.  The average price was $252,191, up by $13,519 or 6% over July 2015.  

Canyon County – only closed 6 units more or an 2% increase over July 2015.  The average price was $158,660, an increase of $17,015 over the average sales in 2015.  

Pending new homes sales for both counties was 1,509 units at the end of July which is an increase of 225 units or 18% over July 2015.  

Inventories in Ada County was 1,344 units,… Continue reading →

Resale Homes Data:  
Ada County – 894 units closed, up by 39 homes or 5% over June 2015.  The average price was $250,915, up by $12,243 or 5% over June 2015.  

Canyon County – 341 units closed, up by 47 units or 16% over June 2015.  The average price was $154,485, up by $21,251 or 15% over June 2015.  

Pending new homes sales for both counties has averaged 1,434 units per month YTD.  This is an increase of 239 units or 20% over the monthly average in 2015.  

Inventories in Ada County… Continue reading →

Resale Homes Data:  
Ada County – YTD sales is 2,923 homes, YTD 2015 sales was 2,693 homes, an increase of 230 more units or a 9% increase over last year.  The average sales price YTD is  $247,205, up by $8,553 or 4% over May 2015.  

Canyon County – YTD sales is 1,231 homes, an increase of 107 homes or a 10% increase over last year.  The average price YTD is $152,901, up by $111,750 or 8% over May 2015.  

Pending new homes sales for both counties YTD is up by 221 units or 18%… Continue reading →

Americans ramped up their purchases of new homes in April to the highest level since January 2008, evidence of a strong start to the spring buying season.  

The Commerce Department said May 24 that new home sales jumped 16.6 percent last month to a seasonally adjusted rate of 619,000, up from a revised total of 531,000 in March.  

Steady job gains and low mortgage rates have encouraged more Americans to buy new homes.  That trend is driving home construction and helping support the economy.  The new home sales figures are notoriously volatile, particularly at the regional… Continue reading →

The same rising home prices and tight inventories in place across the country are also driving Ada County home prices to near record levels, with a steep drop in availability, according to Boise Regional Realtors.

BRR reports April’s median home prices of $239,000 in Ada County is just 3.1 percent off the July 2006 peak, while single-family new and existing home availability is 63.9 percent below the high inventory of July 2007.

Ada County home prices have soared 10.6 percent over April 2015, but homebuyers are not discouraged.  
April home sales were 11.9 percent higher than they were the… Continue reading →

Resale Homes Data:  
Ada County – 722 units closed, up by 29 homes or 4% over April 2015.  The average price was $248,172, up by $13,365 or 6% over April 2015.  

Canyon County – 298 units closed, up by 16 units over April 2015.  The average price was $159,344, up by $16,523 or 12% over April 2015.  

Pending new homes sales for both counties was 1,647 units at the end of April which is an increase of 169 units or 115 over April 2015.  

Inventories in Ada County was 1,015 units, down by… Continue reading →

Resale Homes Data:  
Ada County – 605 units closed, up by 53 homes or 10% increase.  The average price was $248,454, up by $8,664 or 4% over March 2015.  

Canyon County – 293 units closed, up by 53 units over March 2015 or 22% increase.  The average price was $155,571, up by $19,823 or 14% over March 2015.  

Pending new homes sales for both counties was 1,506 units at the end of March which is a net increase of 173 homes or 13% from last March.  

Inventories in Ada County was down… Continue reading →

Resale Homes Data:  
Ada County – 432 units closed, up by 35 homes or 9% over February 2015.  The average price was $244,818, up by $19,612 or 9% over February 2015.  

Canyon County – 168 units closed, up by only 8 units over February 2015.  The average price was $147,213, up by $17,130 or 13% over February 2015.  

Pending new homes sales for both counties was up by 227 units at the end of February which is a net increase of 22% from last February.  

Inventories in Ada County was 865 units.  … Continue reading →