the-state-of-idaho-real-estate | Market Updates

Details: Category: Market Updates Market Updates; Published: 04 January 2008 04 January 2008; Hits: 14417 14417

Strong Economic Indicators for Idaho Real Estate

Net in-migration - Ranked 4th Nationally
Low Unemployment
Strong Commercial Markets
Healthy Consumer Spending
Low Interest Rates
Readjusted Rates for FHA Loans
Removal of the Subprime Market

Housing Price Index- Idaho Association of Realtors

To what extent is Idaho in a real estate slump and what impact is that having on our economy?

Demand pushed undervalued prices up (from 2002 to 2005)
Led to a boom in sales (peak in 2005)
Overbuilding and speculation led to excess inventories in two largest markets.
It will take time to draw inventory levels down.
Moving from a boom to a more stable market.
Housing prices will continue to see long term gains.

This information is provided by the Idaho Association of Realtors in cooperation with the National Association of Realtors. These questions and more, were presented from our Idaho Legislature and the Idaho Real Estate market was presented by John Eaton, our Government Affairs Director for IAR.

Overall, 2008 looks to have some great opportunities for buyer investors and anyone looking for a home. There are some great buys out there on Idaho Real Estate, especially in the Nampa and Boise real estate markets!

Check out the following graphs showing the number of SOLD residential properties throughout the state of Idaho from 1996 through 2007:

Idaho Residential Sales Graph

The next graph is similar but shows the actual dollar volume for each year throughout the state, since 1996.

Idaho Real Estate Dollar Volume

We believe the following quote to be accurate nationally as well as in the Idaho real estate market:

NO RECESSION ON HORIZON

"All in all, we will easily escape recession- despite the anticipated headlines of impending doom. The GDP reading for each of the successive quarters in 2008 will be positive."

-Dr. Lawrence Yun Chief Economist for the National Association of Realtors

Always looking out for your next move on Idaho Real Estate in the Boise Real Estate Market,

Don Wixom, RE/MAX Executives Nampa Idaho

Don Wixom Realtor

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Contact Me Today!

Don Wixom
RE/MAX Executives
16201 Idaho Center Blvd.
Nampa, ID 83687
Direct: (208) 880-5039
Office: (208) 466-0002
Fax: (208) 466-2227
Email:
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Realtor, ABR, CRS, GRI,
e-Pro Internet Professional

Quality Service Certified®

2000 "Realtor of the Year"

What my clients say

"Thank you Don for your considerate and professional help on selling our house. Your informative correspondance we recieved before deciding to list it, got you the house, and your continued contact to let us know what efforts were being made to advertise and show the house were greatly appreciated. Showing mutual respect, we feel like we have made a new friend!"
~ Bill and Sharrel Cash, satisfied sellers

"Thank you so much for all of your efforts, patience, perseverance and professional behavior through the ordeal of selling our house. The way you dedicated yourself to your work and to our needs truly showed your eagerness and ability to help. Thank you again."
~ Jan Byers, satisfied seller

"Just wanted you to know that we really appreciate how smoothly the sale of our home went. It really could not have worked out any better. The wide marketing of our home you initiated really paid off. Thank you for a terrific experience. You have our highest recommendations, and we'll be more than happy to pass it along. God Bless!"
~ John and Jeanie Mowery, satisfied sellers

"We cannot thank you enough for your time and patience in finding our new home. There's no way we could've done it without you! You made all our dreams come true and we will always hold you dear for that."
~ Meguel and Kris Escutia, satisfied buyers

"Thanks to Don Wixom, we have been enjoying our new home for six months now. Don as the realtor selling our house worked very hard for us. He helped us through all the complex paperwork involved in making offers, getting a loan, etc. Don paid attention to detail and kept us well informed about how things were going. When things needed to be done, Don was readily available, seeing us through a home inspection, even crawling under the house in the dirt and cobwebs when we asked him to. Don was always only a phone call away. We still remember his phone number, we called him so much! Don has a wealth of experience and resources to offer. We would definitely recommend him to anyone wanting to buy or sell real estate."
~Scott and Naomi Watson, satisfied buyers

"We were long distance buyers. We had been through some major life changes in 2005 and had first contacted Don Wixom in August of 2006. He stood by us 2 1/2 years showing us houses, driving out to houses and emailing us pictures when we were unable to go ourselves, never knowing if he actually would have gotten a sale from us and he never complained or pressured us once.
He always treated us with great respect as if we were his only customer. Don has done more for us than we would have done for ourselves. He gave us great advice. He was always learning what it was that we were looking for. As our needs changed midway through our searching he adjusted to them.
His website allowed us to search the multiple listing service without addresses and phone numbers needing to be given. He would always check into and answer our questions and requests.
When buying or selling in Idaho we would never consider anyone but Don Wixom. He stayed with us for the long haul and we will stay with him."
Steve and Jean McBee, Buyers Nampa

"Thanks Don, for the link to IDX app for iPhone. Works great! All the information I need right at my finger tips! Thanks for always leading from the front!"
Ernie Garza, Buyer