For years now, Boise Regional REALTORS® has reported on h...
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December
16
16
Economic Information from Our Partners at Idaho Central Credit Union
Job Gains Slow; Manufacturing and Services Remain Strong
Overview: The past week was relatively quiet for mortgage markets. While the key labor market data was a bit weaker than expected, the other major reports were right on target, and they all caused little reaction. Mortgage rates remained near-record-low levels.
According to the most recent data, the solid rebound from unprecedented job losses has continued, albeit at a slower pace. In November, the economy gained 245,000 jobs, below the consensus forecast of 450,000. The economy has now recovered more than half of the 22 million jobs lost in March and April.
The une...
December
14
14
Ada County Home Prices Driven by Insufficient Supply Compared to Demand
Ada County Home Prices Driven by Insufficient Supply Compared to Demand, Fueled by Low Mortgage Rates
By Breanna Vanstrom, Chief Executive Officer, Boise Regional REALTORS®
November
16
16
The National Housing Market Excels
The Housing Market Remains Strong
Overview: Growing concern about rising coronavirus case counts around the world was negative for stocks over the past week, but the mortgage market remained relatively quiet with rates near-record-low levels.
The housing sector's impressive rebound from the spring decline continues to gain momentum. In September, sales of previously owned (existing) homes, which make up about 90% of the market, rose significantly more than expected to the highest level since2006 and were 21% higher than a year ago. National median existing-home prices were up 15% from a year ago.
In...
November
13
13
Ada County Home Sales Remain Strong Despite Low Supply
Home Sales in Ada County are Strong Despite Low Inventory
By Breanna Vanstrom, Chief Executive Officer, Boise Regional REALTORS®
October
14
14
From Our Lending Partners at Idaho Central Credit Union
Home Sales Surge Nationwide
Overview: Over the past week, the primary economic news came from the surprisingly strong housing sector. Mortgage rates experienced some volatility during the week but ended with little net change.
The past week's housing data has again revealed that recovery from the economic impact of the coronavirus has been much faster than anticipated. In July, sales of previously owned (existing) homes, which make up about 90% of the market, unexpectedly jumped a record 25% from May to the best level since 2006. National median existing-home prices were up 9% from a year ago. A sho...