Tuesday, February 7th, 2012 at 11:53 pm
Realtor.com announced the Top 10 Turnaround Town Report. Boise, Idaho is listed as #6.
Our own Boise Real Estate Consultant, Cristina Pescaru, is quoted in their article REALTOR.com’s Top Ten Turnaround Towns: Booming In Boise.
“Boise is still, as with other markets, struggling with short sales and foreclosed properties. The short sale process is not shorter, or more streamlined, unfortunately. Affordable properties under $150,000 are still hard to come by in Boise proper, and when we do get those, they go fast and sometimes at over the asking price,” said Cristina Pescaru, Realtor.
“The inventory is low because sellers don’t like to put their properties on the market during winter and the holidays. Hopefully, once Spring comes we will see a more lively market, and a lot more activity, especially now, that Boise has been a couple of times in the news, most recently placed 4th on the list of best cities for women’s health. As of now, and due to the overall economic picture, Boise still seems to be the best kept secret.”
REALTOR.com’s Top Ten Turnaround Towns: Booming In Boise (DATA) | REALTOR.com® Blogs
Contact Boise Realtors, Cristina Pescaru or Ava Tong for information about purchasing a real estate investment in the Idaho real estate market.
Tuesday, February 7th, 2012 at 8:30 pm
CNN Money reports “Boise’s economy is an offbeat combination of old and new. The logging industry still pays a lot of the bills in town, but tech jobs have also become increasingly prevalent. ”
“According to Realtor.com, the number of homes for sale during the fourth quarter fell by 40% compared with a year earlier. That shrinking inventory should help drive home prices higher. Fiserv is forecasting annual home-price appreciation averaging 6.3% over the next five years. ”
Read the CNN Money article by Les Christie
Contact Boise Realtors, Ava Tong or Cristina Pescaru for information about purchasing a real estate investment in the Idaho real estate market.
Saturday, January 14th, 2012 at 1:37 am
By Cristina Pescaru, CSP
Real Estate Consultant
Boise, Idaho
A few weeks ago I had a chat over the phone with a reporter from Forbes.com. Seems that people are interested in places around the country where the market hasn’t bottomed out. I do believe that we may see lower prices in the Valley, but if anybody expects to purchase a mansion for a song, they will have to wait a long time…
The part of the interview that was referring to adjacent towns around Boise, like Meridian, Nampa, Caldwell, Emmett, Middleton, didn’t make it in the article, since their main interest was in Boise. I referred to Canyon County in particular when I said that some areas have seen almost 50% reduction in values compared with the boom years.
For more on this, you can go to the article Cities Where Home Prices Are Falling Dangerously by Morgan Brennan, Forbes Staff, Forbes.com. Let us know what you think…
Visit our website FindYourHomeinBoise.com to view Boise Idaho real estate resources.
