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Saturday, November 18, 2017

Charming Single Level Home


 This charming, single- level home located at 139 Melrose Ave in Pocatello, has been beautifully remodeled. The bamboo flooring, architectural trim and moldings, and custom brick arch make the common living space fun and modern. It has a spacious bathroom with modern dual sinks and vanities, Great curb appeal with its new windows, vinyl siding, and mature trees. It is a fabulous home for first-time buyers or for retirees.



You can also learn more about us at lowesflatfee.com.  





Friday, November 17, 2017

Over 2900 Sq Ft Home


This beautiful home located at 5672 Bergman Ave. in Meridian has over 2900 Sq Ft with an open floor plan. Great Location in the Paramount Subdivision. 5 Bedroom 3 Bath Home.



You can also learn more about us at lowesflatfee.com.  





7 Reasons To List Your Home This Holiday Season


Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays.

Here are seven great reasons not to wait:

  1. Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their employees in their new positions as soon as possible.
  2. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
  3. You can restrict the showings on your home to the times you want it shown. You will remain in control.
  4. Homes show better when decorated for the holidays.
  5. There is less competition for you as a seller right now. Let’s take a look at listing inventory as compared to the same time last year:

  1. The desire to own a home doesn’t stop when the holidays come. Buyers who were unable to find their dream home during the busy spring and summer months are still searching!
  2. The supply of listings increases substantially after the holidays. Also, in many parts of the country, new construction will continue to surge reaching new heights in 2018, which will lessen the demand for your house.

Bottom Line

Waiting until after the holidays to sell your home probably doesn’t make sense.

Story Taken from "Keeping Current Matters".

Tuesday, November 14, 2017

Freshly Updated!


Located at 4924 Layton Ave in Caldwell. 4 Bedroom PLUS a Bonus Room that could be used as a 5th Bedroom. Freshly updated! New interior paint, new light fixtures, new cabinets, counter tops and sink in the kitchen. New designer flooring in the kitchen and bathrooms. Walk in closet in master. Ready to go for new owner!



You can also learn more about us at lowesflatfee.com.  





Friday, November 10, 2017

New Construction Home in Beautiful Idaho City


New construction home located at 13 Snow Shoe Ln in Idaho City, surrounded by 360 degree views of Boise National Forest. Easy Year round access from Hwy 21 for a beautiful retreat of your own! 45 minute drive to Boise, Id. 3300 sq. ft, 5 bed, 2 1/2 bath, 2.18 acres.



You can also learn more about us at lowesflatfee.com.  






Thursday, November 9, 2017

Happily Ever Homeowner


Married couples once again dominated the first-time homebuyer statistics last year at 66% of all buyers, according to the most recent Profile of Home Buyers & Sellers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable.
Many couples are deciding to use what would otherwise be their wedding fund as a down payment on their first home, as unmarried couples made up 8% of all first-time buyers last year. If you’re single, don’t fret; you can still buy your dream home! Single women made up 17% of first-time buyers in 2016, while single men accounted for 7% of buyers.
According to a survey by the Wedding Report, the average cost of a wedding in the United States at the start of the year was $25,961, which equates to a 10% down payment on a median priced home.
A recent article from the New York Times found that many singles are now asking their parents to allow them to use the money they’ve saved up for their wedding day to instead buy a home.
In the case of Carrie Graham, a Protestant minister from Austin, TX, her parents had saved a ‘five-figure sum’ for her wedding and were more than willing to give her that money as a down payment on her dream home. Graham told The New York Times,
“Buying the home wasn’t me saying, ‘I’m never going to get married’ or I am going to get married.’ My own home had way more than equity benefits. It was a real gift to have a home in an extremely desirable neighborhood in a city that I love. It’s brought me joy.”

Bottom Line

More and more first-time homebuyers are finding a way to purchase their dream homes, even if that means delaying their dream weddings.


Story taken from "Keeping Current Matters".

Tuesday, November 7, 2017

Looking For Your Dream Home? Know What You Want Vs. What You Need


In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search.
If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d LOVE to have in your new home. Many new homebuyers fantasize about the amenities that they see on television or Pinterest, and start looking at the countless homes listed for sale through rose-colored glasses.
Do you really need that farmhouse sink in the kitchen to be happy with your home choice? Would a two-car garage be a convenience or a necessity? Could the ‘man cave’ of your dreams be a future renovation project instead of a make-or-break right now?
The first step in your home buying process should be getting pre-approved for your mortgage. This allows you to know your budget before you fall in love with a home that is way outside of it.
The next step is to list all the features of a home that you would like, and to qualify them as follows:
  • ‘Must-Haves’ – if this property does not have these items, then it shouldn’t even be considered (ex: distance from work or family, number of bedrooms/bathrooms).
  • ‘Should-Haves’ – if the property hits all of the ‘must-haves’ and some of the ‘should-haves,’ it stays in contention but does not need to have all of these features.
  • ‘Absolute-Wish List’ – if we find a property in our budget that has all of the ‘must-haves,’ most of the ‘should-haves,’ and ANY of these, it’s the winner!

Bottom Line

Having this list fleshed out before starting your search will save you time and frustration, while also letting your agent know what features are most important to you before starting to show you houses in your desired area.



Story taken from "Keeping Current Matters".

Friday, November 3, 2017

Terrific Location!!!


This AFFORDABLE BEAUTIFUL home located at 10601 Horseshoe Bend Rd.in Boise, is in a very nice community, in a terrific location! Darling downtown Eagle is close by as are health & business services, outdoor recreation including the Boise River Greenbelt, shopping & entertainment, and much much more! Close to the Eagle/Northwest Boise foothills, near W. State St & Hwy 55.



You can also learn more about us at lowesflatfee.com.  





Confidence in Housing Doubles Back Toward All-Time High


Confidence in housing doubled back in August toward the all-time high in the Fannie Mae Home Purchase Sentiment Index® (HPSI), with home sellers’ optimism rebounding from July. The HPSI overall posted 88.0 in August, 1.2 percentage points higher than the month prior and moving toward the Index’s record high, reached for the second time in June.
The share of homebuyers surveyed for the Index who believe now is a good time to buy fell five percentage points to 18 percent, but the share of sellers surveyed who believe now is a good time to sell rose eight percentage points to 36 percent. The discrepancy is predominantly due to home prices, says Doug Duncan, chief economist and senior vice president at Fannie Mae. Forty-eight percent of both homebuyers and sellers surveyed anticipate home prices will rise.
“In the early stages of the economic expansion, home-selling sentiment trailed home-buying sentiment by a significant margin,” Duncan says. “The reverse is true today. The net good time to sell share is now double the net good time to buy share, with record high percentages of consumers citing home prices as the primary reason for both perceptions. Such a sizable gap between selling and buying sentiment, if it persists, could weigh on the housing market through the rest of the year.”

Story Taken From "RISMedia".

Thursday, November 2, 2017

On Two Lots With A Barn


This home, located at 380 6th Ave. E in Wendell, is on two lots with a barn and one car detached garage. It is a perfect starter home or rental; needing repairs in the bathroom and some updates in the home. On the main floor you will find 2 bedrooms and 1 bathroom. In the basement is a small living room and a third room that needs the appropriate window to be considered a bedroom.



You can also learn more about us at lowesflatfee.com.  





Wednesday, November 1, 2017

Convenient & Upgraded East Boise Home


Super convenient, upgraded East Boise home located at 4997 E Geranium on quiet street with quick access to Micron, the greenbelt or downtown. No backyard neighbors to obstruct your bluff views. Well maintained and move-in ready. Features include: hardwood, laminate and stone floors-no carpet, double sided fireplace, vaulted ceilings in master with huge walk-in closet, granite kitchen counter with stainless appliances.



You can also learn more about us at lowesflatfee.com.  





Tuesday, October 31, 2017

Large Home Built Into The Hillside


Large foothills home located at 5320 W Hill Rd in Boise, built into the hillside on a bigger lot which allows for views of the horizon and added privacy. The interior has fresh paint, new carpet & electrical fixtures throughout. Elementary schools, park & foothills trails are within walking distance. Enjoy ample natural lighting, at the same time being shaded by over 30 mature trees. Vinyl windows, newer efficient central air, large living room w/fireplace & big treetop window, huge family/rec home, redwood deck & terraced back yard.



You can also learn more about us at lowesflatfee.com.  





Saturday, October 28, 2017

October 2017 PTC Index

September marks the end of the prime purchase and sale months and brings with it an expected lull as we head into the fall and winter seasons. However, at 304 points, the latest PTC Index still shows a relatively strong September compared to past years which could signal a comparatively healthy 4th calendar quarter. 


The biggest decline we see is building permits falling about 40 percent from the month prior. Existing home sales followed suit with a 10 percent decline but still up five percent from September 2016. New home sales held steady, up 11 percent from a year ago while refinances fell just slightly by five percent. The average Treasure Valley sales price also remained relatively unchanged, settling at $260,122; the average sales price has sporadically climbed and dropped throughout the year but is still well above a 2017 average of roughly $250,000. Finally, it appears that we are still experiencing constrained inventories as the average DOM fell to 32 days which reinforces our expectations of above-average activity heading into October and November





The PTC Index is a monthly measurement of the vibrancy of the Treasure Valley real estate market. Based on a custom weighted algorithm, it combines nine critical measurements of the real estate market into a single, useful number: the PTC Index. To give you some perspective, when the market was at its most active point in 2005, the PTC Index average would have been 225. In January of 2010 we reached a low of 28. Though times have changed, the need for this data is greater than ever.



Story taken from Pioneer Title Company.

Thursday, October 26, 2017

4 Reasons To Buy A Home This Fall!


Here are four great reasons to consider buying a home today, instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.0% over the next year.
The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have hovered around 4%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase by this time next year.
An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You Are Paying a Mortgage 

There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.
As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.
Are you ready to put your housing cost to work for you?

4. It’s Time to Move on With Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.
But what if they weren’t? Would you wait?
Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe now is the time to buy.

If purchasing a home for you and your family is the right thing for you to do this year, buying sooner rather than later could lead to substantial savings.




Story Taken From "Keeping Current Matters".

Tuesday, October 24, 2017

Fast-Moving Housing Market Continues to be Driven by Demand


Despite rising home prices, today’s housing market doesn’t have much else in common with the market we saw prior to the recession.
The Boise Region’s housing market is being driven by real home buyer demand, not speculation, which was common a decade ago. And as we’ve mentioned before, the increase in demand and lack of inventory has pushed up home prices.
That demand for housing can be seen in the data (real or speculative) by looking at the Days on Market.
Days on Market metric (or DOM) counts the average number of days between when a property was listed and when an offer was accepted.
For example, in Ada County, home sales that closed in September spent an average of 32 days on the market before going under contract, 23.8% faster than in September 2016.
DOM doesn’t factor in the time between accepting an offer and closing (which can vary based on the time it takes to complete home inspections, repairs, financing, etc.), so it is a good indicator of the demand for housing, and how quickly sellers find buyers.
DOM is seasonal, meaning homes generally go under contract faster in the spring and summer and slower in the fall and winter. To see the overall trend, we used a 12-month rolling average to remove seasonality. Based on those figures, DOM for Ada County has been trending down since 2009, and since 2014, DOM has been tracking closely with falling inventory.

Prior to the recession, Canyon County saw a similar trend with shorter average DOM despite plenty of inventory to meet demand. Since late 2013, DOM has been tracking closely with inventory, indicating increasing demand as inventory drops.
While that historical comparison is another helpful distinction between today’s market and the pre-recession market, it’s not much consolation for today’s buyers who are often required to make quick decisions because of limited inventory. Unless there is a sudden influx of inventory or a quick drop in demand, we expect the market to continue to move quickly, even if we see some slight increases in Days on Market through the winter.
Additional information about trends within each county, by price point, by existing and new construction, and by neighborhood, are now available in the September 2017 Market Report. This report includes an explanation of the metrics and notes on data sources and methodology.


This report is provided Boise Regional REALTORS® (BRR).