Boise Home Sales, Eagle Home Sales, Meridian Home Sales… it’s doesn’t matter where!

Let’s talk plain English here… as I think you’ll agree, it’s simple to see;

• A few years ago, loans were given out like candy… just ask and you could get it!  Too many people were allowed to purchase homes that were far beyond their means should life change.

• When the economy dipped many of those people either lost their job or had their salaries slashed.  Life changed.

• Home values continued to slide down, mainly because new homes coming on the market were “Short Sales and Foreclosures”.  The volume of clearance rack homes reduced the overall average… and home prices slid fast!

So these three big factors;  Bad Loans, Economy Dropped, and Home Values Sank created a correction, a much needed one (but not wanted!)

Here’s a fantastic graph that shows this to you visually.

Look at that graph (click on it to make it larger) and notice the Yellow Box.  This graph goes back to the 1890’s… but in recent times (we’ll say 1970 and forward), you can see that every 5 years there is a correction.  It’s very noticeable with the peaks in 1979, 1989, and obviously in 2006 (give or take a year there).

The economics behind making money is simple:  Buy Low, Sell High.

Real Estate over the course of time has been a solid investment! But, if you bought in 2005 and want to sell now… that’s the problem.  And if you can afford it now, even a bigger problem!

So ask yourself again.. What state are we in – in Idaho Real Estate??

I can tell you… WE ARE IN THE HOME BUYING MODE!!! The time to buy is now!!  Why?

• LOW Interest Rates
• TAX Credits
• Opportunities to purchase homes at reduced values with a selection of inventory to choose from!

If you’re a homeowner: In years to come you’ll make up the loss on the property you sell today, you’ll live in possibly a newer home, maybe a nicer home, and most likely will pay less which to me equals… you’ll make out better in the long run!!!

If you’re an investor: Take advantage of great properties in areas that have rebounded and I’ll show you the cash flow!!  For those who have the opportunity, now is the time to buy for your future retirement!

I buy and sell homes in Meridian, Eagle and Boise Idaho!  I’m a keen observer to trends , to analyzing values, and the especially paying attention to detail!!

Call me at 208-288-2976, or email me at paul@idahorealtyinfo.com to set-up a “REAL REVIEW” and let me help you find out where your next Real Estate opportunity lies!