Wednesday, December 24th, 2014 at 3:16 pm
According to the new research by the National Association of Realtors®, metro areas with a lower cost of living and sunnier weather are poised to see an increased number of baby boomers moving in and buying a home as some delay retirement and remain participants in the labor market.
Boise, Idaho and Raleigh, North Carolina were identified as top standouts for baby boomers for their solid job growth, share of self-employed workers and affordable home prices.
The top markets positioned to see an influx of baby boomer homebuyers are (listed alphabetically):
- Albuquerque, New Mexico
- Boise, Idaho
- Denver, Colorado
- Fort Myers, Florida
- Greenville, South Carolina
- Orlando, Florida
- Phoenix, Arizona
- Raleigh, North Carolina
- Sarasota, Florida
- Tucson, Arizona
Visit the NAR website to read more about the Top Metro Areas Poised for Uptick in Baby Boomer Home Sales.
Resource: NAR Identified Top Metro Areas Poised for Uptick in Baby Boomer Home Sales
Media Contact: Adam DeSanctis
Monday, December 15th, 2014 at 3:49 pm
Special Studies, December 1, 2014
By Natalia Siniavskaia, Ph.D.
Economics and Housing Policy
National Association of Home Builders
Report available to the public as a courtesy of HousingEconomics.com
According to the 2013 American Housing Survey (AHS), one out of three households who moved and bought a home in the previous two years were millennials. Being the youngest home buyers with little or no accumulated wealth affects how millennials shop and buy their homes, often for the first time. This article examines the 2013 AHS data and looks at what homes millennials bought over
the previous two years, how they financed their purchases, what motivated them to move and how they chose homes and neighborhoods.
Among other findings, the article reports that:
- Three out of four millennial home buyers are first-time buyers.
- Compared to older generations of buyers, they are less likely to buy a new home but more likely to buy a condominium.
- Homes purchased by millennials tend to be older, smaller and less expensive. Half of all homes purchased by millennials averaged less than 1,650 square feet of living space and cost less than $148,500.
- The most common reason for moving reported by millennial home buyers is to establish their own household, followed by the desire to have a larger unit and own it.
- When choosing a particular home, millennials are more likely to let financial reasons influence their choice, while older generations consider the right size most often.
- When selecting a new neighborhood, the right house most often influences the decision for both millennial and older home buyers. However, millennials are more likely to also pay attention to proximity to work and having good schools.
- Compared to older generations of home buyers, millennials are more likely to finance home purchases out of current income rather than out of accumulated wealth, and when taking out mortgages they are more likely to use unconventional zero-down mortgages.
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.
Tuesday, December 6th, 2011 at 12:06 pm
By Cristina Pescaru, CSP
Real Estate Consultant
Boise, Idaho
I am referring to the fact that for the last couple of years I have been trying to convince people to purchase when they found something they liked, and not wait for the better deal. Now, nationwide, people are starting to realize that the much vaunted “buyer’s market” is not quite as friendly to buyers as they thought. Don’t take my word for it: Realtor.com reports that inventory is at its lowest point in four years.
And the reasons are:
- Sellers who can afford to ride out this slow, unfavorable market are doing so.
- Foreclosed properties are not hitting the market in the great numbers people anticipated, not only because the process is a slow one, but also because banks may be a little reluctant to unleash a great number of foreclosures on the market at the same time, afraid of what that would do to property values.
Boise Housing Market
From my recent work experience with buyers here in the valley I can tell you that nice, affordable homes are few and far between, and competition is great for them. They last only a few days on the market, especially if they are regular sales, and sometimes they command more than the asking price. The housing market is behaving a little contradictory: on the one hand, you see properties selling as in 2004-2006, and on the other the values are down, foreclosed properties linger on the market, and short sales are not moving much faster than they used to.
Boise Home Buyers
Buyers, if you find a house you like, and the financing is in place, move quickly. Waiting for that fantastic bargain is just going to prove the truth of the saying about the bird in the hand vs. the one on the fence. Of course, that doesn’t mean you and your agent should not research the property, the price and comparative values, so that you make the best and fairest offer.
Good hunting all! And, don’t forget: we are here to help.
Wednesday, April 20th, 2011 at 10:04 pm
| 1. |
Beach/ ocean |
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| 2. |
Snow capped mountains |
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| 3. |
Quiet neighborhood street lined with trees |
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| 4. |
Expanse of farmland as far as the eye can see |
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| 5. |
Children happily running through a sprinkler |
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WHAT 
HOUSE WINDOW VIEW DOES A MAN PREFER?
**Snow capped mountains—here’s to all you hot-blooded men!
WHAT HOUSE WINDOW VIEW DO WOMEN PREFER?
**Quiet neighborhood with tree lined street—there’s no place like home…
Call or email Ava or Cristina today with your list of requirements for your next home in Boise or anywhere in the Treasure Valley. Ava: 208-440-5810 email: avatong@msn.com or Cristina: 208-284-1545 email: cprealtor4u@aol.com
Tuesday, February 22nd, 2011 at 8:33 am
Two Months Prior to Your Move
- Checklist of items to keep, donate or sell
- Get estimates from three moving companies
- Check on insurance coverage for the move
- Use up or give away perishable foods
- Use up or give away cleaning supplies
- Set up a file for all moving papers and receipts
- Check into tax deductions for the move
- Transfer children’s school records
Read the rest of this entry
