Thread: Boise And Treasure Valley Housing Sales

The Boise area housing sales fell 13% in 2006, but are still better than they were in 2004. According to the Idaho Statesman, most experts think that the boom in 2005 was an exception rather than a trend. A possible reason for the drop could be because too many homes were built during the boom, and sold to people who were not going to live in them, As a result, builders have scaled back.
Don Holly, professor of Economics at Boise State University said the Valley's economy should easily weather the downturn.

Originally Posted by boise real estate

The Boise area housing sales fell 13% in 2006, but are still better than they were in 2004. According to the Idaho Statesman, most experts think that the boom in 2005 was an exception rather than a trend. A possible reason for the drop could be because too many homes were built during the boom, and sold to people who were not going to live in them, As a result, builders have scaled back.
Don Holly, professor of Economics at Boise State University said the Valley's economy should easily weather the downturn.

I'm from Idaho Falls and have been a Realtor for 7 years now in my area. I recently went into a local Wells Fargo bank the other day I picked up a New Construction and Existing housing report authored by a Wells Fargo Economist. It was just a quick read as my better half was opening an account there but they painted a very grim picture of the Boise area saying it was down something like 41%? I think your guys' biggest problem over there, everywhere for that matter, is the negative press the media is painting for everyone to see... I don't know if you've noticed or not but all my buyers are thinking they can pick up a 250k home for 125k??? It's kinda comical at times.

All the best...