Market Updates

Jan. 13, 2022

December 2021 Market Update

 

 

Posted in Market Updates
Jan. 7, 2022

Boise Home Price Appreciation Skyrocketing In 2022

Home's In Boise Price Appreciation Is Skyrocketing in 2021. What About 2022?

Home Price Appreciation Is Skyrocketing in 2021. What About 2022? | MyKCM

One of the major storylines over the last year in Boise is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices ...

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Dec. 28, 2021

Renters In Boise Missed Out on $51,500 This Past Year

Renters In Boise Missed Out on $51,500 This Past Year

Renters Missed Out on $51,500 This Past Year | MyKCM

Rent prices in Boise have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic:

“Since January of this ...

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Dec. 13, 2021

November 2021 Boise Real Estate Market Stats

 

 

 

 

Dec. 7, 2021

Winter in Boise Like Never Before

Home Sales About To Surge? We May See a Boise Winter Like Never Before.

Home Sales About To Surge? We May See a Winter Like Never Before. | MyKCM

Like most industries, Boise's residential real estate has seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year. More ...

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Nov. 3, 2021

Why You May Want To Cash in on Your Second Home

 

Why You May Want To Cash in on Your Second Home | MyKCM

When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost ...

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Oct. 27, 2021

Boise Housing Supply Is Rising. What Does That Mean for You?

 

Housing Supply Is Rising. What Does That Mean for You? | MyKCM

An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we’ll see. Odeta Kushi, Deputy Chief Economist at First American, recently said of our supply challenges:

“ ...

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Oct. 13, 2021

Diving Deep into Today’s Biggest Buyer Concerns

 

Diving Deep into Today’s Biggest Buyer Concerns | MyKCM

Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home ...

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Sept. 22, 2021

3 Things To Prioritize When Selling Your House

 

3 Things To Prioritize When Selling Your House | MyKCM

Today’s housing market is full of unprecedented opportunities. High buyer demand paired with record-low housing inventory is creating the ultimate sellers’ market, which means it’s a fantastic time to sell your house. However, that doesn’t mean sellers are guaranteed success no matter what. There are still some key things ...

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Sept. 15, 2021

How Misunderstandings about Affordability Could Cost You

 

How Misunderstandings about Affordability Could Cost You | MyKCM

There’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some still have concerns about whether or not it’s ...

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