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Sheila Smith Real Estate Group

Sheila Smith Real Estate Group

Homes in Boise, Meridian, Eagle, Nampa, Caldwell, and greater Idaho areas.

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Investors are back in the Boise market in full force

February 22, 2012

Boise has once again become a competitive feeding frenzy for the savvy investor in search of good deals.  Investors that Sheila and I both work with are finding it difficult to make competitive offers and many times facing multiple offers on each property we find.

The rental market here and around the country is projected to remain strong and experience growth according to leading economists.  There are many factors driving this trend.  Tighter lending standards are requiring more of a down payment than in the past and bills currently in congress could require at least 20% down in the future.  Some people are still facing foreclosure and it’s more positive alternative short selling a home.  These unfortunate people will be in the rental market from two to seven years before their credit recovers enough to buy.  Many economists also speculate that the more and more mobile our population becomes the less likely they are to buy until they are sure they are tied to a community.

What does this mean for Boise?  One thing we are seeing is that first time buyers and those looking to purchase under $100K will be facing tough competition and will need to be willing to move quickly when they find the right home.  Homes under $100K appeal most readily to the small time investor market and cash flow with rents very quickly.  This trend is both good and bad.  Bad for those looking for low cost homes in nice neighborhoods, which are becoming harder to obtain.  Good for the overall market, as competition will ultimately drive up prices and fuel a stronger market.

 

Craig Soelberg

Sheila Smith Real Estate Group

RE/MAX Capital City

 

Filed Under: Articles

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  • 1420 W Washington St
    Boise, ID 83702
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Find A Home

1802 S Eagleson Rd $724,900

1802 S Eagleson Rd Boise, Idaho

3 Beds 3 Baths 2,146 SqFt 0.160 Acres

3932 S Duston Pl $549,900

3932 S Duston Pl Boise, Idaho

4 Beds 3 Baths 2,508 SqFt 0.140 Acres

2706 S Malibu Rd $487,900

2706 S Malibu Rd Boise, Idaho

4 Beds 3 Baths 2,730 SqFt 0.210 Acres

10465 W Arnold Rd $449,900

10465 W Arnold Rd Boise, Idaho

4 Beds 2 Baths 1,520 SqFt 0.181 Acres

1814 S Rand St $449,800

1814 S Rand St Boise, Idaho

3 Beds 2 Baths 1,912 SqFt 0.150 Acres

7203 N Parkcrest Ave $439,900

7203 N Parkcrest Ave Boise, Idaho

3 Beds 2 Baths 1,310 SqFt 0.190 Acres

5889 S Tulip Pl $399,000

5889 S Tulip Pl Boise, Idaho

3 Beds 2 Baths 1,213 SqFt 0.160 Acres

1816 W Roberts Ave $375,000

1816 W Roberts Ave Nampa, Idaho

3 Beds 2 Baths 1,635 SqFt 0.180 Acres

5650 N Willowlawn Way $355,000

5650 N Willowlawn Way Garden City, Idaho

2 Beds 2 Baths 1,142 SqFt 0.140 Acres

427 7th Ave N $299,000

427 7th Ave N Nampa, Idaho

3 Beds 2 Baths 1,482 SqFt 0.140 Acres

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Sheila Smith Real Estate Group
1420 W Washington St.
Boise, ID 83702

(208) 254-2090

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