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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
  • (208) 254-2090
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Find A Home

913 N 10th St $1,095,000

913 N 10th St Boise, Idaho

3 Beds 3 Baths 3,535 SqFt 0.120 Acres

1200 S Curtis Rd $659,000

1200 S Curtis Rd Boise, Idaho

3 Beds 2 Baths 2,225 SqFt 0.250 Acres

4973 N Maidstone Way $630,000

4973 N Maidstone Way Boise, Idaho

5 Beds 3 Baths 2,604 SqFt 0.260 Acres

709 W Aikens Ct $585,000

709 W Aikens Ct Eagle, Idaho

3 Beds 2 Baths 1,461 SqFt 0.200 Acres

4527 S Trails End Ln $569,000

4527 S Trails End Ln Boise, Idaho

4 Beds 3 Baths 2,615 SqFt 0.127 Acres

2025 S Longmont Ave $545,000

2025 S Longmont Ave Boise, Idaho

4 Beds 2 Baths 1,906 SqFt 0.210 Acres

2615 S Pond St $469,900

2615 S Pond St Boise, Idaho

4 Beds 2 Baths 1,744 SqFt 0.400 Acres

772 S Berwick Dr $409,900

772 S Berwick Dr Boise, Idaho

3 Beds 1 Baths 1,066 SqFt 0.160 Acres

4046 S Ticonderoga Way $399,900

4046 S Ticonderoga Way Boise, Idaho

3 Beds 2 Baths 1,296 SqFt 0.160 Acres

7312 W Maxwell Dr

7312 W Maxwell Dr Boise, Idaho

3 Beds 3 Baths 1,824 SqFt 0.160 Acres

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

(208) 254-2090

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