TripleCord Review
November 2022
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Come follow me on Instagram or Facebook @BeckaSellsBoise
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After experiencing a jolting shift, the Boise housing market may be settling into a new normal. Increased interest rates and questions of whether or not prices will continue to come down have put many buyers in a "wait and see" mode. But, with inventory levels still below that of a balanced market and with the median sales price for Ada County actually increasing 4% from last month, it seems unlikely home prices will drop much further. Thus, I anticipate interest rates will be the biggest factor in determining the pace of the market in the coming months.
In speaking with some lenders and other agents in the valley, it seems likely one of the following two scenarios will occur: (1) If rates go down, many buyers (and there are many) who have been waiting in the wings will jump back in the market, lock their rate, and seek to get in contract on a home. This could flood the market with more buyers than there is inventory, creating another competitive season of bidding wars and price increases. (2) If rates go up or remain the same, buyers may stay on the sidelines for a while. But, as they realize these rates are likely the new norm, they will gradually begin figuring out how to pursue homeownership or facilitate a move, and the housing market will march forward.
Every person's scenario is different, and market conditions affect people's decisions differently as well. If you are considering buying or selling and want to discuss potential timing and plans, I would love the opportunity to meet with you. Please don't hesitate to give me a call.
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For more information and specifics on the current market, please check out Boise Regional REALTORS® Market Report HERE.
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Boise Area Events Calendar
Looking for some fun holiday events? Check out our event calendar HERE for the latest local happenings. Some events may change, so please make sure to check the website links for the most up to date information. |
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It turns out, millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says there’s a portion of millennial and Gen Z buyers who are pursuing homeownership as a way to build their wealth, but it may not be exactly the way previous generations have done it. The study explains how they’re breaking into the market: “. . . younger generations of Americans are not buying into that dream in the same way that older generations have. A growing number of Americans are choosing to make their first real estate purchase as an investment property”...CONTINUE READING
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Testimonial
"Prior to my home purchase in Boise, I had only once before bought a home, 20 years ago, in another state, directly from a developer, so I felt like a first time home buyer, in a crazy market, and felt very vulnerable navigating this process. Thanks to friends who bought from Becka before and highly recommended her, I didn't hesitate to contact her. I felt as if I was her only client. We saw a dozen homes, and some of them twice, over the course of 3 days. Not once did I feel rushed or like I was imposing on her time. She pointed out things I would have never noticed or paid attention to, like how much costlier it is to water your grass with city water vs. irrigation; the fact a home backed up to an empty lot; street noise, how the afternoon sun/heat would affect the home. All in all, Becka is a trusted advisor, is knowledgeable about real estate law and transaction but speaks to you in terms you can understand; she knows the communities, neighborhoods, and points of interest throughout the area. If Becka's still selling homes when I sell or buy next time, I will call her!"
Sara Gomez; July 2022
See more of my client testimonials HERE!
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Recommended Service ProvidersLooking to do a remodel or necessary home maintenance or repairs? If so, check out our Homeowners Resources page HERE, where we've listed several different service providers we've used personally or who have been recommended to us. We are always updating this list, so if you have contractors to recommend, please email me!
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Fall Maintenance Reminders
We are knee-deep into fall and with that come much colder temperatures. It is important to take a few steps in your home's maintenance to ensure you don't have any catastrophes over the cold winter months. Here are a few reminders of things you should do now to prepare your home for winter:
- If you haven't already done so, it is imperative that you have your sprinklers blown out. You can call any landscaping company to come do this for you. This will keep the sprinklers from freezing and breaking and causing leaks.
- You should be sure to disconnect all hoses from their hose bibs. If left attached, the plumbing could freeze and cause major damage to your home.
- I also highly recommend getting in the habit of having your furnace serviced every fall to ensure it is working properly and efficiently. Furnaces that are well cared for can last MUCH longer.
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Untold Stories of a Boise Realtor
I love it when collaboration with other agents proves to be a very good thing! I recently had an interaction with an agent who was trying to find a new house for his clients. This was not an easy task as his clients had some very specific needs. Their youngest child has special needs, so they had to find a single-level home. They were committed to keeping their kids at their beloved elementary school, so this meant their search area was quite small. And, of course, they had budget restrictions. A week or two after learning about this family, I got a call from past clients of mine. They were ready to sell their home. Well, low and behold, their home just happened to be around the corner from this family. Location - check! Their home just happened to be single-level. Layout - check! And they were planning to list it within the family's budget. Money - check! I asked my clients if they would be open to me calling the family's agent to see if they might be interested in buying their house, and they said yes! So I quickly called the other agent, the buyers walked over to see the house the next morning, and we were able to get these two parties into contract on this great home. With the much slower market we are experiencing right now, and how long it is taking many listings to sell, this turned out to be such a fantastic situation for my clients. We just closed yesterday and I am so thrilled for both parties in this transaction!
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ACTIVE
3948 S Terri Pl, Meridian
$900,000
Representing Sellers
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ACTIVE
11439 W Water Birch St, Star
$689,900
Representing Seller
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PENDING
10075 W Star Acres Dr, Star
$1,165,000
Representing Seller
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PENDING
3336 E Front Runner Pl, Boise
$575,000
Representing Seller
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SOLD
985 N Stolle Pl, Meridian
$400,000
Representing Seller
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SOLD
2593 W Ditch Creek Dr, Meridian
$570,000
Representing Seller
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SOLD
5642 W Song Sparrow St, Boise
$467,500
Representing Seller
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SOLD
2282 W Tango Creek Dr, Meridian
$570,000
Representing Sellers
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If you are already working with an agent, this communication is not
meant as a solicitation for that business.
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