Boise Real Estate Information and News

You’ll find our blog to be a wealth of information, covering everything from local market statistics, new home listings,  home values, real estate market happenings  home design, and community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Feb. 26, 2021

OPEN HOUSE | Sunday, Feb 28th 1-3PM on the Boise Bench


Take a guided virtual or in-person tour of our brand-new listing today! 

2441 S Odle Place | Boise Bench

4 Bed  | 3 Bath | 2 Car Garage | 1,974 SqFt⁣ | $485,000

Charming single level on over a 1/4 acre lot near coveted Hillcrest Country Club! Centrally located, this updated home features gleaming granite counters, SS appliances & custom cabinetry with soft close drawers. Pella windows & gorgeous hardwood floors. All 3 bathrooms feature tile flooring; the master has heated floors. Flexible spaces, 4th bedroom makes a great office & the sunroom, also with heated floors, is perfect for yoga, relaxation or a cozy reading escape. Mature landscaping, with 2 patios, 1 covered & 2 sheds!

>> Click HERE for more property info

If you're looking for a top Boise realtor, our team is here for you!

Feb. 25, 2021

OPEN HOUSE | Sunday, Feb 28th 1-3PM in Harris Crossing

Take a guided virtual or in-person tour of our brand-new listing today! 

4229 E Raincloud Lane | Harris Crossing

4 bedroom  |  3.5 bath  |  2,241 SqFt. | $649,900

This BRAND NEW, low maintenance. gem is ideally located & built for the active Boise lifestyle. Mins from the Boise River, Greenbelt, local restaurants/shops/parks & miles of hiking/biking foothills trails. Just blocks to one of 2 comm. pools. After a day of fun, relax on the large covered balcony enjoying foothills views. Interior boasts perfect combination of modern & classic designer touches, high-end Bosch appliances, contrasting cabinetry & warm hardwoods. Entry boasts soaring ceilings filled with natural light

>> Click HERE for more property info

 

If you're looking for a top Boise realtor, our team is here for you!

Feb. 25, 2021

OPEN HOUSE | Sunday, Feb 28th 1-3PM in Boise's East End

Take a guided virtual or in-person tour of our brand-new listing today! 

1417 E. State Street | East End - Boise

4 bedroom  |  2.5 bath  |  2,679 SqFt. 

This non-contributing historical home in Boise's coveted East End has amazing walkability to Kristen Armstrong & Quarry Parks, the Botanical Gardens, foothills trails, Boise river, greenbelt & Natatorium! Mins to St. Lukes, Downtown Boise & more. Many unique & versatile spaces inside & out! Eco-friendly boiler heating system keeps home efficiently warmed. Newer AC, appliances, windows & carpet add value while classic brick & warm paneling maintain character. Private well for irrigation & workshop with power are added bonus.

>> Click HERE for more property info

 

If you're looking for a top Boise realtor, our team is here for you!

Feb. 24, 2021

Should I Wait for Lower Mortgage Interest Rates?

Should I Wait for Lower Mortgage Interest Rates? | MyKCM

 

Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the trend continued into the early part of this year. Many hopeful homebuyers are now wondering if they should put their plans on hold and wait for the lowest rates imaginable. However, the reality is, acting sooner rather than later may be the actual win if you’re ready to buy a home.

According to Greg McBride, Chief Financial Analyst for Bankrate:

“As vaccines become more widely available and a return to normal starts to come into view, we’ll see mortgage rates bounce off the record lows.”

While only a slight increase in mortgage rates is projected for 2021, some experts believe they will start to rise. Over the past week, for example, the average mortgage rate ticked up slightly, reaching 2.79%. This is still incredibly low compared to the trends we’ve seen over time. According to Freddie Mac:

“Borrowers are smart to take advantage of these low rates now and will certainly benefit as a result.”

Here’s why.

As mortgage rates rise, the increase impacts the overall cost of purchasing a home. The higher the rate, the higher your monthly mortgage payment, especially as home prices rise too. Sam Khater, Chief Economist at Freddie Macsays:

“The forces behind the drop in rates have been shifting over the last few months and rates are poised to rise modestly this year. The combination of rising mortgage rates and increasing home prices will accelerate the decline in affordability and further squeeze potential homebuyers during the spring home sales season.”

What does this mean for buyers?

Right now, the inventory of houses for sale is also at a historic low, making it more challenging than normal to find a home to buy in many areas. As more buyers hit the market in the typically busy spring buying season, it may become even harder to find a home in the coming months. With this in mind, Len Keifer, Deputy Chief Economist for Freddie Macrecommends taking advantage of both low mortgage rates and the opportunity to buy:

“If you’ve found a home that fits your needs at a price you can afford, it might be better to act now rather than wait for future rate declines that may never come and a future that likely holds very tight inventory.”

Bottom Line

While today’s low mortgage rates provide great opportunities for homebuyers, we may not see them stick around forever. If you’re ready to buy a home, let’s connect so you can take advantage of what today’s market has to offer.

Feb. 24, 2021

How to Make the Dream of Homeownership a Reality This Year

 

How to Make the Dream of Homeownership a Reality This Year | MyKCM

In 1963, Martin Luther King, Jr. inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience. Today, reflecting on his message encourages many of us to think about our own dreams, goals, beliefs, and aspirations. For many Americans, one of those common goals is owning a home: a piece of land, a roof over our heads, and a place where we can grow and flourish.

If you’re dreaming of buying a home this year, start by connecting with a local real estate professional to understand what goes into the process. With a trusted advisor at your side, you can then begin to answer the questions below to set yourself up for homebuying success.

1. How Can I Better Understand the Process, and How Much Can I Afford?

The process of buying a home is not one to enter into lightly. You need to decide on key things like how long you plan on living in an area, school districts you prefer, what kind of commute works for you, and how much you can afford to spend.

Keep in mind, before you start the process to purchase a home, you’ll also need to apply for a mortgage. Lenders will evaluate several factors connected to your financial track record, one of which is your credit history. They’ll want to see how well you’ve been able to minimize past debts, so make sure you’ve been paying your student loans, credit cards, and car loans on time. If your financial situation has changed recently, be sure to discuss that with your lender as well. Most agents have loan officers they trust and will provide referrals for you.

According to ConsumerReports.org:

“Financial planners recommend limiting the amount you spend on housing to 25 percent of your monthly budget.”

2. How Much Do I Need for a Down Payment?

In addition to knowing how much you can afford on a monthly mortgage payment, understanding how much you’ll need for a down payment is another critical step. Thankfully, there are many different options and resources in the market to potentially reduce the amount you may think you need to put down.

If you’re concerned about saving for a down payment, start small and be consistent. A little bit each month goes a long way. Jumpstart your savings by automatically adding a portion of your monthly paycheck into a separate savings account or house fund. AmericaSaves.org says:

“Over time, these automatic deposits add up. For example, $50 a month accumulates to $600 a year and $3,000 after five years, plus interest that has compounded.”

Before you know it, you’ll have enough for a down payment if you’re disciplined and thoughtful about your process.

3. Saving Takes Time: Practice Living on a Budget

As tempting as it is to pass the extra time you may be spending at home these days with a little retail therapy, putting that extra money toward your down payment will help accelerate your path to homeownership. It’s the little things that count, so start trying to live on a slightly tighter budget if you aren’t doing so already. A budget will allow you to save more for your down payment and help you pay down other debts to improve your credit score.

survey of millennial spending shows, “68% reported that shelter in place orders helped them save for their down payment.” Danielle Hale, Chief Economist at realtor.com, also notes:

"If there is any silver lining to the current economic landscape, it's that mortgage rates are hanging around record lows…Additionally, shelter-in-place orders helped many who were fortunate enough to keep their jobs save for a down payment -- one of the largest hurdles of buying a home. The combination of low rates and the opportunity to save is enabling many millennials to move up their home buying timeline."

While you don’t need to cut all of the extras out of your current lifestyle, making smarter choices and limiting your spending in areas where you can slim down will make a big difference.

Bottom Line

If homeownership is on your dream list this year, take a good look at what you can prioritize to help you get there. To determine the steps you should take to start the process, let’s connect today.

Feb. 18, 2021

OPEN HOUSE | Sunday, Feb 21st 1-3PM in Harris Ranch

Take a guided virtual or in-person tour of our brand-new listing today! 

3521 S Caddis Way | Northeast Boise, Harris Ranch

4 bedroom  |  2.5 bath  |  2,679 SqFt. 

Enjoying the E. Boise lifestyle is easy in this stylish, low maintenance, stunner! Immaculate 3 years new home is ideally located just steps from trendy restaurants, coffee shop, local market & is ON Boise's beloved Greenbelt. Upgrades galore, inc. whole house H20 softener & filtration sys, solar roll-up shades & speedway garage floors. AMAZING private courtyard with custom Trex deck & gas fire table make the perfect spot to entertain. Porcelain pavers & solar lights add ambience to additional outside area off master suite.

>> Click HERE for more property info

 

If you're looking for a top Boise realtor, our team is here for you!

Feb. 17, 2021

Owning a Boise Home Is Still More Affordable Than Renting One

 

Owning a Home Is Still More Affordable Than Renting One | MyKCM

If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, it’s still more affordable to buy a home than rent one. Here’s why.

ATTOM Data Solutions recently released the 2021 Rental Affordability Report, which states:

Owning a median-priced three-bedroom home is more affordable than renting a three-bedroom property in 572, or 63 percent of the 915 U.S. counties analyzed for the report.

That has happened even though median home prices have increased more than average rents over the past year in 83 percent of those counties and have risen more than wages in almost two-thirds of the nation.”

How is this possible?

The answer: historically low mortgage interest rates. Todd Teta, Chief Product Officer with ATTOM Data Solutions, explains:

“Home-prices are rising faster than rents and wages in a majority of the country. Yet, home ownership is still more affordable, as amazingly low mortgage rates that dropped below 3 percent are helping to keep the cost of rising home prices in check.

In 2020, mortgage rates reached all-time lows 16 times, and so far, they’re continuing to hover in low territory this year. These low rates are a big factor in driving affordability. Teta also notes:

“It’s startling to see that kind of trend. But it shows how both the cost of renting has been relatively high compared to the cost of ownership and how declining interest rates are having a notable impact on the housing market and home ownership. The coming year is totally uncertain, amid so many questions connected to the Coronavirus pandemic and the broader economy. But right now, owning a home still appears to be a financially-sound choice for those who can afford it.”

Bottom Line

If you’re considering buying a home this year, let’s connect today to discuss the options that match your budget while affordability is in your favor.

Feb. 15, 2021

January 2021 Ada County Snapshot & Market Report

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Feb. 12, 2021

Boise's Best Date Spots For Valentine’s Day

Whether you’re looking for a romantic date night out with your significant other this Valentine’s Day, or if you are avoiding the holiday entirely and plan on staying cozy on the couch, we’ve got you covered!

We’ve put together our favorite romantic and fun things to do in Boise and the surrounding areas to enjoy with your significant other, best friend, or family. 

 

Enjoy Ice Skating

Ice skating is a great way to break the ice (pun intended) on a first date or enjoy a special evening with your special someone. Two places in the Treasure Valley we recommend trying are:

Idaho Ice World

Indian Creek Plaza

Grab some hot chocolate afterward to warm up, or head over to a nearby bar or restaurant to continue Valentine’s Day festivities.

 

Try a New Restaurant

What better time than Valentine's Day should you and your significant other (or family!) go outside your comfort zone and try out new food?

Here's a list of romantic restaurants that are recommend: Romantic Restaurants in the Boise Area

 

 

Savor an Idaho Wine

Many people do not know that Southwest Idaho is a prime wine country. Many of the local wineries offer wine tasting, wine tours, and regular events with live music.

Check out our Guide to Treasure Valley Wineries for a list of potential romantic vineyards to explore. 

Appreciate Idaho Art

If you and your significant other both have a strong appreciation for the arts, Boise has a thriving arts community.

A few places you could peruse local artists creations are:

Boise Art Glass

Boise Art Museum

Boise Open Studios

 

Go See A Movie

If you are a couple that enjoys doing something simple and relaxing:

Movies now are being played at:

 

Northgate Reel Theatre

Regal Edwards Boise & IMAX
Eagle Luxe Reel Theatre

Posted in Fun Things To Do
Feb. 12, 2021

OPEN HOUSE | Sunday, Feb 14 1-3PM in Tripplett Ranch

Take a guided virtual or in-person tour of our brand-new listing today! If you're looking for a top Boise realtor, our team is here for you!

5960 E Millet Dr | Tripplett Ranch

4 bedroom  |  3.5 bath  |  4748 SqFt. 

When only the BEST will do! This breathtaking, one-of-a-kind dream home nestled at the base of Boise's foothills is the epitome of luxurious living. An unparalleled level of craftsmanship is highlighted by the perfect blend of nat. stone, warm hardwoods, travertine tile, exposed beams & walls of windows. Chef's kit, sep. main-level master wing, office & lounge offer functional sophistication. Expansive rooms flow seamlessly to private exterior where captivating views are the perfect setting for ultimate relaxation.

>> Click HERE for more property info