Mar 27

Boise ranked #9 in Forbes Best Places For Business and Careers

Forebes rankes Boise #9 in the nation as Best Place for Business and Careers.

Job Growth is at 3.1% and projected to be 0.5%.  Not too bad considering many areas are at a negative job growth.  Unemployment according to Forbes is at a 4.3% in Boise.

 

Median household income is at $57,854 with income growth at 3.1%

Mar 27

Short Sale Success in Ada and Canyon County Idaho

I have some great news to report. Two homes every day are saved from foreclosure in Ada and Canyon Counties through the short sale process. As of this writing there have been exactly 159 homes that have closed through a short sale this year. That equates to exactly two closed sales every business day.

 
The price range for these homes range from a high of $700,000 to a low of $160,000. The average price is $189,293 and the median is $160,000.
 
The average market time for these sales is 141 days area wide.  Below is a breakdown by MLS area.
 
Sold
 
Type
Area
No. Of Listings
Dollar Volume
Average Price
Median Price
DOM
 
 
 
 
 
 
 
 
 
 
 
Single Family
 
 
 
 
 
 
 
 
 
North Boise - 0100
2
$470,000
$235,000
$235,000
70
 
 
 
NE Boise - 0200
1
$107,150
$107,150
$107,150
172
 
 
 
SE Boise - 0300
10
$2,263,700
$226,370
$207,400
151
 
 
 
Boise Bench - 0400
4
$445,077
$111,269
$105,039
141
 
 
 
South Boise - 0500
1
$120,000
$120,000
$120,000
214
 
 
 
SW Boise-Meridian - 0550
21
$3,397,607
$161,791
$145,000
113
 
 
 
West Boise - 0600
2
$284,000
$142,000
$142,000
109
 
 
 
W Boise-Garden City - 0650
8
$1,425,119
$178,140
$158,500
139
 
 
 
NW Boise - 0800
6
$1,266,900
$211,150
$198,200
159
 
 
 
Eagle - 0900
9
$3,489,900
$387,767
$400,000
219
 
 
 
SE Meridian - 1000
2
$502,382
$251,191
$251,191
163
 
 
 
NE Meridian - 1020
10
$2,321,000
$232,100
$230,750
114
 
 
 
NW Meridian - 1030
16
$2,941,584
$183,849
$174,500
142
 
 
 
Kuna - 1100
11
$1,839,132
$167,194
$159,000
146
 
 
 
NE Nampa (87) - 1250
5
$1,084,570
$216,914
$141,000
113
 
 
 
South Nampa (86) - 1260
14
$2,155,800
$153,986
$118,000
127
 
 
 
NW Nampa (51) - 1270
5
$589,700
$117,940
$118,700
140
 
 
 
NW Caldwell - 1275
4
$406,000
$101,500
$99,000
181
 
 
 
SW Caldwell - 1280
7
$812,800
$116,114
$93,000
109
 
 
 
Middleton - 1285
2
$187,000
$93,500
$93,500
64
 
 
 
Star - 0950
9
$2,014,148
$223,794
$191,000
185
 
 
 
Melba - 1265
1
$95,000
$95,000
$95,000
252
 
 
 
Greenleaf - 1294
2
$339,800
$169,900
$169,900
186
 
 
 
Sub Total
152
$28,558,369
$187,884
$160,000
141
 
 
Single Family w/ Acreage
 
 
 
 
 
 
 
 
 
Eagle - 0900
2
$619,500
$309,750
$309,750
220
 
 
 
SW Meridian - 1010
1
$372,250
$372,250
$372,250
9
 
 
 
Kuna - 1100
1
$250,000
$250,000
$250,000
295
 
 
 
Middleton - 1285
1
$297,500
$297,500
$297,500
265
 
 
 
Sub Total
5
$1,539,250
$307,850
$297,500
202
Feb 26

Stimulus Tax Credit - IRS updates and forms posted here.

I just posted all the information needed to get your tax credit for Qualified First Time Buyers and what to do if you purchased in 2008. Visit my First Time Buyer page and see what this is all about.

 
Call or email me today about how to get the best value on a home in Boise or Meridian Idaho.
Feb 26

What does Countrywide say about 3rd party loan modification companies?

I spoke directly with a representative at Countrywide today who talks with customers on a daily basis about doing loan modifications. I posed this questions to her:

“Is it better for someone to work with a 3rd party [loan modification company] to get their modification done? 

She answered: 

“Save your money. I feel sorry for the people who are going through this and pay all these fees to these companies. I have to tell the same exact thing to 3rd party companies as I do the customer. I am a nice person and not rude at all. There is nothing else that these companies can do that you can not do for yourself. We just want this to work out for the customer.” 

 
Additionally I found out that Countywide will now only address 2 loans at a time with a caller. I suspect this is because of these 3rd party companies have been monopolizing a tremendous amount of their staffs time.
Feb 25

All about the credit crises for Boise Idaho Real Estate owners.

A good description of the credit crisis. Given the complexity of this subject the author of this video does a good job of explaining things, although some items are a bit simplistic. It?s definatley worth the time to view.
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