Posts in category 'News'
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July
13
13
Ada County Housing Inventory Rose in June
Ada County Inventory Rises as Home Sellers Capitalize on Higher Prices
By Breanna Vanstrom, Chief Executive Officer, Boise Regional REALTORS®
The median sales price for homes in Ada County reached $525,000 in June, nearly even with May 2021.
June
17
17
From Our Lending Partners at Idaho Central Credit Union
Good Hospitality Job Gains Fuel Hope in Promising Mortgage Market
Last week's labor report illustrated good hospitality job gains after a rough 2020. Overall, this continues to fuel hope in what's quickly becoming a promising mortgage market.
However, the job gains fell in line with current expectations. As a result, mortgage rates ended the week nearly unchanged.
Good Hospitality Job Gains
In May, the economy gained 559,000 jobs. Thus, May's job gains fell a little below the consensus forecast of 650,000.
Not only were there good hospitality job gains, the leisure sector realized economic strength as well. Aga...
June
14
14
Ada County's Median Sales Price Sets Record
Ada County Median Home Prices Exceed $500,000
By Breanna Vanstrom, Chief Executive Officer, Boise Regional REALTORS®
May
13
13
Housing Market Pace and Prices Pick Up in April
Our Area's Insufficient Supply of Homes Continues to Affect the Market Pace and Home Prices
By Breanna Vanstrom, Chief Executive Officer, Boise Regional REALTORS®
May
11
11
From Our Lending Partners at Idaho Central Credit Union
Job Gains See a Startling Plummet Lowering Mortgage Rates
This past week marked disappointment in the labor market as job gains see a startling plummet. The major economic data accompanied by Friday's labor market report fell well below analyst expectations. As a result, mortgage rates ended the week lower.
Why Did We See Such a Shortfall in Job Gains?
The monthly employment report was highly anticipated. Without a doubt, the report saw an enormous miss, but the reason why is far less clear. In April, job gains saw a surprising downturn when the economy gained just 266,000 jobs. Thus, job gains notched far below the consensus...