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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

5605 S Zaivcla Ave $789,900

5605 S Zaivcla Ave Meridian, Idaho

4 Beds 4 Baths 3,802 SqFt 0.150 Acres

6536 S Rohanna Way $620,000

6536 S Rohanna Way Boise, Idaho

3 Beds 3 Baths 2,501 SqFt 0.200 Acres

10871 Highway 55 $599,900

10871 Highway 55 Cascade, Idaho

3 Beds 2 Baths 1,563 SqFt 7.830 Acres

517 Boise St $592,000

517 Boise St Middleton, Idaho

3 Beds 2 Baths 1,620 SqFt 1.640 Acres

4457 N Waterfront Way $575,000

4457 N Waterfront Way Boise, Idaho

4 Beds 3 Baths 1,955 SqFt 0.200 Acres

1814 S Rand St $474,000

1814 S Rand St Boise, Idaho

3 Beds 2 Baths 1,912 SqFt 0.150 Acres

3220 N Bryson Way $399,900

3220 N Bryson Way Boise, Idaho

3 Beds 3 Baths 2,183 SqFt 0.290 Acres

124 Saddlenotch Dr $349,000

124 Saddlenotch Dr Horseshoe Bend, Idaho

3 Beds 2 Baths 1,322 SqFt 0.106 Acres

14199 Tara St $324,000

14199 Tara St Caldwell, Idaho

3 Beds 2 Baths 1,284 SqFt 0.140 Acres

517 Boise St $592,000

517 Boise St Middleton, Idaho

1.640 Acres

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

(208) 254-2090

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