We all have noticed that the housing market is improving.  We are finally receiving good news in the media.  Homes sales are up and Treasure Valley real estate agents are looking for more sellers to put their homes on the market to increase inventory for buyers that are ready to buy.  In addition to that, builders are seeing increased activity and building lots in certain areas are being absorbed quickly.

Forbes.com has recently posted that Boise, ID is an “Unheralded Outperformer” in housing recovery.  To read more about Boise and the other markets that are leading the way in home sales, go to:


If you are thinking about selling your home, now might be the time to have a Realtor analyze the market for you!

KTVB wrote a great article yesterday about home values rising in Idaho.  They took information from CoreLogic who did a study nationwide comparing July 2011 home prices to July 2012 home prices.  Nationwide CoreLogic says that home values have increased 3.8%.

“Idaho home prices crept even higher than that, ending up with a 10%
increase in home prices from July of 2011 to July of 2012. CoreLogic
says Idaho is second best state for rising home values”.  Ktvb.com

This is great news!  Homeowners are happy to see the value of their homes rise.  And buyers can still get into a home at a great interest rate as we do a STEADY (hopefully) climb in the housing market.

To read the full article and look at the report by CoreLogic go to:

Idaho ranks second best in rising
home values | KTVB.COM Boise

It seems as if we see a lot of negative housing media coverage.  Boise is fighting to recover like many other markets.  Here is some exciting news taken directly off of  Realtor.com, the official site of the National Association of  REALTORS.  This was posted last week:


‘Yesterday, we shared part one of Realtor.com’s Top 10 Turnaround Town Report–a group of markets showing the greatest promise for growth and price appreciation despite the national economic situation.

Though the list was dominated by six Florida markets, the Midwest and West also had a strong showing on the report. The four additional markets include Phoenix, Mesa, AZ, Boise City, ID, Fort Wayne, IN, and Ann Arbor, MI.

Why did these four metros make this list? Not only did these markets have lower unemployment rates year-over-year in the third quarter of 2011, but also showed median list price appreciation and lower inventory counts and median age of inventory.

Here’s why each Midwest/West market made our top 10:

Phoenix, Mesa, AZLike many Florida markets, Phoenix-Mesa foreclosure activity hit high levels during the housing downturn. Now, foreclosures there have decreased 25 percent compared to the second quarter, and are down 40 percent compared to third quarter 2010. Ranked 4th on the turnaround list, inventory is also down close to 48 percent, while median age of inventory decreased more than 23 percent, according to Realtor.com’s October 2011 Real Estate Trend Data report.

Boise City, ID: Number eight on the turnaround report, Boise has seen a year-over-year inventory count decrease of more than 40 percent, according to Realtor.com October real estate data. Also, the market has experienced a median list price increase of more than 14 percent, and a more than 23 percent drop in median age of inventory. Further, new foreclosures counts have decreased since January.

Fort Wayne, INIn Fort Wayne, ranked 9th on the turnaround report, foreclosures have decreased more than 13 percent in the third quarter of 2010 to just 183 units. Also, the total of newly listed foreclosures fell 19 percent compared to last year. Prices of foreclosure homes are up 6.5 percent here, compared to other cities’ overall 2.7 percent price decline, due to strong demand and falling supply.

Ann Arbor, MIWith prices up and inventory down, the No. 10-ranked Ann Arbor fills the last spot on the turnaround report. According to Realtor.com’s October data, median list prices increased more than 8 percent year-over-year, while total inventory is down almost 25 percent. Home sale prices are also steadily increasing, and rose 4.4 percent for the year. The supply of homes is now considered balanced, with a months’ supply at 6.8 percent, a decrease of 11 percent.

Realtor.com’s Top Ten Turnaround Town Report is compiled using a formula based on price appreciation, changes in inventory, median age of inventory, searches by Realtor.com visitors, and unemployment data”.

Read more: Top Ten Turnaround Towns: Midwest/West Edition | REALTOR.com® Blogs