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Sunday, January 22, 2017

Is There a Real Estate Bubble in Boise?


Despite the fact that the local median sales price reached a new record midway through 2016, there is not an immediate concern of a real estate bubble. Home prices rose last year because of consumer demand versus supply — not speculation as we experienced a decade ago. Further, the local economy is much stronger and credit is more regulated than during the previous market peak, making our current conditions very different. This report dives into the local inventory and consumer trends that drove real estate in the Boise Region last year, as well as what may occur in 2017.

To read more, click here

http://boirealtors.com/2016-residential-real-estate-market-report/

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