This One Has It All!

This Nampa home, located at 706 Crestview Dr, has it all!  Sprawling 4000 sq ft home with a theatre room and four bedrooms!  Outside you have a shop, pool, hot tub, outside kitchen; you even have your own tennis court!  You have to see this home for yourself!

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

Convenient Location!!!

Convenient location at 6586 W. Poplar St. in Boise for this newer home with hardwoods, granite countertops, upgraded molding & stainless appliances. Detached two car garage, fenced yard, back patio and inviting front porch. Perfect for your next home or has been a great rental for you investors!

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

Great Neighborhood, Great Home, Great Time to Buy!

Great Neighborhood, Great Home, Great Time to Buy! This home is located at 116 N. Summer Breeze St. in Nampa. The large front porch invites you in, the separate living and family rooms beg you to stay. Some of the features include: laminate wood floors, gas fireplace, main level bedroom (a great office/exercise room) & vaulted ceilings in living room and master. Outside has extra parking up front and shaded extended patio in the back with & fenced garden space. New in 2016 is a brand new, upsized HVAC system. Extra alcove in garage for storage or work area.

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

Housing Inventory Hits 30-Year Low

Spring is traditionally the busiest season for real estate. Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream home. Homeowners, in preparation for the increased demand, are enticed to list their house for sale and move on to the home that will better fit their needs.

New data from CoreLogic shows that even though buyers came out in force, as predicted, homeowners did not make the jump to list their home in the second quarter of this year.

Overall inventory across the United States is down for the 25^th consecutive month according to the latest report from the National Association of Realtors and now stands at a 4.3-month supply.

Bottom Line

Buyers are out in force, and there has never been a better time to move-up to a premium or luxury home. If you are considering selling your starter or trade-up home and moving up this year, meet with a local real estate professional who can explain the exact conditions in your area.

Story taken from, "Keeping Current Matters", to read the full story click here.

Ada and Canyon County Housing Inventory Down for 34 Consecutive Months

At Boise Regional REALTORS® (BRR), they've been talking about low inventory for months… and for good reason.

A few weeks ago, Zillow’s Chief Economist Svenja Gudell posted on Twitter: “Inventory down YoY for 25 consecutive months now. We’re just past 2-years into the #inventorycrisis.” While we never like when the term “crisis” is used to describe the housing market, the sentiment reflects the pressure that many home buyers are feeling caused by the low inventory levels, especially for existing homes.

Gudell’s comments were based on nationwide trends, so what does this look like in the Boise Region?

Based on monthly data, inventory of existing homes in both Ada and Canyon counties has been down year-over-year for 34 consecutive months, starting October 2014. Let’s break this down by inventory (supply) and pending sales (demand)…

Metrics	Ada Existing			Canyon Existing
	Oct-14	Jul-17	% Chg	Oct-14	Jul-17	% Chg
Inventory (Supply)	1,702	1,238	-27.3%	886	600	-32.3%
Pending (Demand)	628	1,078	+71.7%	307	537	+76.6%
Months Supply of Inventory	3.2	1.4	-56.3%	3.3	1.5	-54.5%

Inventory of existing homes in Ada County was at 1,702 in October 2014 and 1,238 in July 2017, a decrease of 27.3%. In comparison, there were 628 pending sales in October 2014 versus 1,078 in July 2017, an increase of 71.7%. Pending sales are homes under contract that should close within 30-90 days.

Looking at months supply of existing inventory — which takes the number of homes for sale divided by the average number of sales by month — there were 3.2 months in October 2014 in Ada County to 1.4 months in July 2017, a drop of 56.3%. (A balanced market—not favoring buyers or sellers—is typically between 4-6 months supply of inventory.)

In Canyon County, inventory of existing homes was at 886 in October 2014 and 600 in July 2017, a decrease of 32.3%. In comparison, there were 307 pending sales in October 2014 versus 537 in July 2017, an increase of 76.6%. That put months supply of inventory at 3.3 months in October 2014 compared to 1.5 months in June 2017, a drop of 54.5%.

How has the decrease in supply and increase in demand influenced home prices in the Boise Region? The median sales price of existing homes in Ada County increased 34.2% between October 2014 and July 2017, and increased 42.2% in Canyon County during that same period, illustrating BRR’s familiar refrain of how home prices are being driven by demand compared to supply.

Story taken from "Boise Regional Realtors", to read the full story click here.

NW Boise Home

This home located at 4872 N. Hacienda Ave in Boise has walk in closets, hickory wood floors, 9' ceilings and a separate entry way. The kitchen has a large pantry. The front porch and back patio are covered!

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

Newer Home in Kuna

Beautiful newer home located at 2535 N. Countryside Ave in Kuna.  Centrally located off the Ten Mile Exit.  Has an upstairs bonus room above the garage, fully fenced backyard and 3 car garage.

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

93.9% Of Homes In The US Have Positive Equity

CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in the First Quarter of 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year.

The study also revealed that:

• Roughly 63% of all homeowners have seen their equity increase since Quarter 1 in 2016
• The average homeowner gained about $14,000 in equity between Quarter 1 in 2016 and Quarter 1 in 2017
• Only 1.6% of residential properties are near-negative equity

Below is a map showing the percentage of homes with a mortgage, in each state, that have positive equity. (The states in gray have insufficient data to report.)

Story taken from "Keeping Current Matters", to read the rest of the story click here.

Be Careful Not To Get Caught In The Rental Trap!

There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.

Don’t Become Trapped 

A recent article by ConsumerAffairs addressed the continuous rise in rents, stating:

“The cost of putting a roof over your head continues to go up. Not only are home prices still rising, but the cost of rent rose 0.5% in June.”

It’s Cheaper to Buy Than Rent 

As we have previously mentioned, the results of the latest Rent vs. Buy Report from Trulia shows that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

Know Your Options

Perhaps you have already saved enough to buy your first home. A nationwide survey of about 24,000 renters found that 80% of millennial renters plan to eventually buy a house, but 72% cite affordability as their primary obstacle. Aside from affordability, one in three millennial renters have concerns about their credit scores, and another 53% said that a down payment is an obstacle.

Many first-time homebuyers who believe that they need a large down payment may be holding themselves back from their dream homes. As we have reported before, in many areas of the country, a first-time home buyer can save for a 3% down payment in less than two years. You may have already saved enough!

Story taken from "Keeping Current Matters", to read more click here.

Centrally Located Condo

3 bed 2.5 bath condo in mature community with in ground pool, located at 1111 N. Imperial Ln in Boise. Close to Towne Square Mall, centrally located in the valley. Includes living and family rooms, large master, maple storage. New HVAC, windows, lavatones, flooring & paint.

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

Newer Rancher on 4.8 Acres

Newer custom rancher on 4.8 acres in desirable neighborhood located at 18942 N. Ella Road in Rathdrum of high-end homes. Plan features vaulted great room, kitchen with large island and breakfast nook, master suite with garden tub and his/her walk-in closets. Upgrades include hickory cabinets, quartz/granite countertops, wood wrapped windows, Lopi woodstove, A/C, super soft Karastan carpeting and green/healthy home building components. Plenty of storage with a 30x40 extra tall shop with RV doors and additional outside RV parking area.

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

40 Acres!

Great 40 acre farm located at 2366 North 2000 East in Twin Falls. 4 bedroom 2 bath home.  Has a barn, equipment shed, and shop. Who can pass that up?

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

Craftsman Style Rancher

This 1568 sq ft Craftsman Style Rancher located at 7641 N. Goodwater Loop, was built in 2013. It features 3 bedrooms, 2 baths, large kitchen with granite counters, large island, full tile back splash & pantry. All SS Frigidaire appliances. Master Suite has double vanity sinks, walk in shower & dual walk in closets. Fully fenced easy maintenance yard with underground sprinklers & drip irrigation to all landscaping, flower garden raised beds, raspberry bushes & asparagus bed. Aggregate front porch, side walk & back yard patio. Back yard patio also includes a Hot Springs hot tub, gas BBQ hook-up and very important afternoon shade.

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