Stunning, move-in ready home in Painted Ridge! This spacious single level is light and bright with an open floor plan and an upstairs bonus room with a full bath and closet. Sleek and stylish details throughout including stainless steel appliances, quartz counter tops, wood floors and a gas fireplace. Generous master suite offers great natural light, dual vanities with glistening counter tops, a separate tub and walk-in shower, a huge master closet and private access to the back patio. Walking distance to community pool!
We hope to see you Sunday, but if you can’t make the Open House, call our office – 208.473.2203 to arrange for a private tour. One of our agents will be happy to show at your convenience! And, if we can help with your real estate needs – whether buying or selling – call or visit our website at www.templetonrealestategroup.com
By Bonnie Way Snider, Licensed Realtor® and Blogger
Move In Ready! Perfect family home and perfect for entertaining! This one has it all!
A beautifully upgraded single-level residence set on a prime corner lot in the popular Paramount community. This wonderful family home boasts mature landscaping, a spacious interior, hardwood flooring, large windows and a desirable open floor plan. The graciously-sized master suite offers vaulted ceilings and a spa-like bathroom. Entertaining is extended to the outdoors on a large stamped concrete covered patio featuring a built-in gas fire pit! The Paramount community offers incredible common areas, multiple pools, parks, pathways and clubhouse to enjoy. This one is MOVE IN ready!
We hope to see you Saturday, but if you can’t make the Open House, call our office – 208.473.2203 to arrange for a private tour. One of our agents will be happy to show at your convenience! And, if we can help with your real estate needs – whether buying or selling – call or visit our website at www.templetonrealestategroup.com
By Bonnie Way Snider, Licensed Realtor® and Blogger
Imagine...living your dream in one of Boise's premiere and upscale communities!
Situated to fully enjoy the spectacular foothills view, this immaculate residence offers luxury living in pristine Quail Ridge community. Perfect for indoor and outdoor entertaining tucked away in an incredible natural setting. Grand entryway and generous great room built to enjoy the spectacular surroundings with a floor-to-ceiling wall of windows. Custom craftsmanship featuring remarkable woodwork throughout. Secluded main-level master suite with cozy gas fireplace, luxurious spa-like bath & patio access.
The location provides quick access to foothills trails, outdoor recreation, community pool and tennis court. Short distance to North End attractions and located within Boise High boundaries.
Come see for yourself Sunday, but if you can’t make the Open House, call our office – 208.473.2203 to arrange for a private tour. One of our agents will be happy to show at your convenience! And, if we can help with your real estate needs – whether buying or selling – call or visit our website at www.templetonrealestategroup.com
By Bonnie Way Snider, Licensed Realtor® and Blogger
Here are four great reasons to consider buying a home today instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latestHome Price Insights reports that home prices have appreciated by 7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.2% over the next year.
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 increased by half a percentage point already in 2018 to around 4.5%. 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 nearly af full percentage point 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 the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings. Call Templeton Real Estate Group at 208-473-2203
If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait!
Buyer Demand Continues to Outpace the Supply of Homes for Sale
The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory:
“Inventory coming onto the market during this year’s spring buying season – as evidenced again by last month’s weak reading – was not even close to being enough to satisfy demand.
That is why home prices keep outpacing incomes and listings are going under contract in less than a month – and much faster – in many parts of the country.”
The latest Existing Home Sales Report shows that there is currently a 4.1-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 6.1% lower than last year’s inventory level.
The chart below details the year-over-year inventory shortages experienced over the last 12 months:
Anything less than a six-month supply is considered a “seller’s market.”
Bottom Line
Let’s get together to discuss the supply conditions in our neighborhood so that I can assist you in gaining access to the buyers who are ready, willing, and able to buy right now!
Spacious, two-story home in a great location! Quiet, family-friendly neighborhood with a community playground and excellent schools nearby. Main level features a large great room that doubles as a formal dining space leading to the open kitchen and family room. Generous upper level bonus room creates a perfect entertaining space! Huge master suite with an equally sizable walk-in closet. Fully fenced backyard with dog run and gardening space. Three-car garage, RV parking and abundant storage throughout the home. Details here: https://www.templetonrealestategroup.com/search/details/1rh/1/
Beautiful two-story home in Surprise Valley! Wonderful floor plan is open and bright with plenty of room for entertaining both inside and out. The stunning interior features soaring ceilings in the great room, warm toned hardwood, a large formal dining room, generous family room, a timeless gas fireplace with built-ins, spacious kitchen with breakfast bar and a dining nook with a peaceful outdoor view. Private backyard oasis with mature landscaping, custom pergola, extended patio and no backyard neighbors! Enjoy the community clubhouse, two pools, tennis and quick access to downtown Boise. This home offers quick access to hiking, boating, biking, I-84, airport, schools and shopping. Details here: https://www.templetonrealestategroup.com/search/details/1nd/1/
***FIRST 10 VISITORS WIN A $10 COFFEE MILL GIFT CARD!***
Pristine, custom-built single level with a gardener’s dream backyard! Amazing outdoor space devoted to gardening with custom growing boxes and direct watering system. Enjoy an expansive patio with a lovely pergola overhead shaded by beautiful grapevines. The immaculate interior boasts engineered hickory hardwood from the entryway to the generous family room, open dining space and gourmet kitchen. Timeless finishes and impressive craftsmanship throughout! Abundant windows fill the home with soft natural light. Details here: https://www.templetonrealestategroup.com/search/details/1ri/1/
Outstanding location minutes to BSU, greenbelt, and has NO HOA dues! Contemporary fixtures and finishes, high ceilings, a cozy gas fireplace and a low-maintenance, fully fenced backyard with covered patio. Rare two-car garage and large main-level utility room with W/D included. Spacious kitchen with a generous granite island/breakfast bar, abundant cabinet space and rich hardwood flooring. Walk or bike to the greenbelt and Boise River, tons of nearby restaurants, entertainment and a dream location for BSU students! Details here: https://www.templetonrealestategroup.com/search/details/1rj/4/
Beautifully updated family home in the heart of East Boise! Enjoy a spacious yard w/ RV parking, raised garden area, extended patio and NO HOA FEES! Fabulous interior features large open spaces great for comfortable living and entertaining. Enjoy rich hardwood, contemporary fixtures and tons of natural light. The open kitchen is complete w/ stylish quartz counter tops, sleek tile back splash, SS appliances and abundant cabinet space. Master bedroom features walk-in shower, soaker tub, dual vanities walk-in closet.
We hope to see you Saturday and Sunday, but if you can’t make one of our Open Houses, please call our office – 208.473.2203 to arrange for a private tour. One of our agents will be happy to show at your convenience! And, if we can help with your real estate needs – whether buying or selling – call or visit our website at www.templetonrealestategroup.com
By Bonnie Way Snider, Licensed Realtor® and Blogger
Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one called “Top Ten Issues Affecting Real Estate™,” given by Joseph Nahas, Jr., Chair of theCounselors of Real Estate & Senior Vice President of Equus Capital Partners.
The Counselors of Real Estate (CRE) “is an international organization of high profile property professionals which include principals of prominent real estate, financial, legal, and accounting firms as well as recognized leaders of government and academia.”
Their annual “top 10” list spans any and all issues that could have an impact on the real estate market. This year, the list was broken up into “Current” and “Long-Term Issues.”
Today we’re going to focus on three of the five “Current” issues with a brief explanation of their impacts on the housing market today!
E-Commerce & Logistics
With promises of 2-day shipping no matter where you live, we are benefiting more now than ever before from the speed and ease-of-use of online retailers like Amazon. These e-retailers haven’t changed whether or not we buy certain items, but rather HOW we buy them!
Many traditional malls or big-box stores are being repurposed as warehouses or distribution centers for online retailers so that they can get their products out faster.
A Look to the Future:“Developers who are including experiences into their locations are the ones who will succeed. It’s about the experience and gaining something over just going to buy a product.”
Generational Change & Demographics
By now we’ve all heard that the millennial generation is the largest yet, just by sheer volume. The largest group of millennials turns 30 years-old in 2020. The average first-time homebuying age is between 30 and 32, depending on marital status. Real estate professionals will be inundated with more and more buyers as the years roll on. Nahas commented on this in his presentation, saying that,
“Too many developers have become dependent on making decisions based on baby boomer’s preferences.
The 75 million millennials are coming, and they will influence real estate and commerce even faster than the baby boomers in the 50s and 60s.”
Interest Rates & the Economy
The interest rate that you secure for your mortgage is a big factor in your monthly housing cost and in how much you ultimately pay for your home. According to FreddieMac’s Primary Mortgage Market Survey, rates rose to 4.62% on a 30-year fixed rate loan last week.
The Federal Reserve also raised the federal funds rate for the second time this year. If unemployment continues to be at or near record lows, two more hikes are likely to come later this year.
Nahas added,
“Rising rates can be good and bad for the economy. Bad for borrowing money with additional costs, but good to control inflation and help grow the economy at a moderate pace.”
Bottom Line
If you are planning on buying and/or selling a home this year, let’s get together to help you navigate the conditions in your market and set you up for success.
The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue to strengthen in 2018.
However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. Buyer demand naturally increases during the summer months, but supply is not keeping up.
Here are the thoughts of a few industry experts on the subject:
“The worsening inventory crunch through the first three months of the year inflicted even more upward pressure on home prices in a majority of markets. Following the same trend over the last couple of years, a strengthening job market and income gains are not being met by meaningful sales gains because of unrelenting supply and affordability headwinds.”
“As we head into late spring, the demand for purchase credit remains rock solid, which should set us up for another robust summer home sales season. While this year’s high rates – up 50 basic points from a year ago – have put pressure on the budgets of some home shoppers, weak inventory levels are what’s keeping the housing market from a stronger sales pace.”
“The dynamics of increased competition and buyer frustration are unlikely to change…In fact, the direction of the trend is pointing to a growing mismatch between the pool of prospective buyers and existing inventory.”
Bottom Line
If you are thinking of selling, now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.
One of a kind setting in sought after River Heights! This stunning view home offers 3 bedrooms, dedicated office, and additional bonus room which could also be a 4th bedroom. Main level great room offers dramatic and soaring wall of windows to take in the picturesque view of the foothills. Modern kitchen with stylish finishes, large pantry and dining space situated to enjoy the view. Wake to a gorgeous natural setting from your private main level master suite with large walk in closet. Covered patio and large lot, backs up to foothills. The family friendly community has a pool, fitness center and an event center! Access to some of Boise's best schools! Ten minutes to boating, Micron, airport, and fifteen minutes to downtown. This one’s a must see!!
Click on address link for more info:
6618 E SIGNAL ROCK DR. RIVER HEIGHTS OPEN SUNDAY, JULY 1st | 1:00 - 3:00 pm
Situated to fully enjoy the spectacular foothills view, this immaculate residence offers luxury living in pristine Quail Ridge community. Perfect for indoor and outdoor entertaining tucked away in an incredible natural setting. Grand entryway and generous great room built to enjoy the spectacular surroundings with a floor-to-ceiling wall of windows. Custom craftsmanship featuring remarkable woodwork throughout. Secluded main-level master suite with cozy gas fireplace, luxurious spa-like bath & patio access.
The location provides quick access to foothills trails, outdoor recreation, community pool and tennis court. Short distance to North End attractions and located within Boise High boundaries.
We hope to see you Sunday, but if you can’t make the Open House, call our office – 208.473.2203 to arrange for a private tour. One of our agents will be happy to show at your convenience! And, if we can help with your real estate needs – whether buying or selling – call or visit our website at www.templetonrealestategroup.com
By Bonnie Way Snider, Licensed Realtor® and Blogger
![Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC] | MyKCM](https://files.mykcm.com/2018/07/11125719/20180713-STM-ENG-1046x808.jpg)
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