RECORD LOW NUMBER OF HOMES FOR SALE IN ADA COUNTY
February 2020 saw a new record low number of single-family homes for…
Home prices in…
Surprising cities are attracting new residents, businesses, and investment dollars at the expense of the United States’ most influential real estate markets. It’s a story that Buildium’s up-and-coming markets list has tracked for three years running; and it’s also visible in the Census Bureau’s most recent analysis of domestic migration. On any given day, as Phoenix gained 170 residents, New York City lost 545. Dallas grew by 127 residents each day as Los Angeles shrank by 325. Las Vegas gained 97 new residents per day, and Chicago lost 230.
What’s going on here? You’ve heard the news: The supply of affordable homes simply isn’t keeping up with the demand in primary markets like New York City, San Francisco, and Boston. Long-term…
Most economists anticipate the housing market moving sideways, propped up by strong employment and low mortgage rates but dragged down by low inventory. (Rick Bowmer/AP)By Kathy Orton Washington Post Jan. 6, 2020 at 10:05 a.m. PST
A strong job market and low mortgage rates should sustain the housing market in 2020. The problem will be finding enough homes for buyers.
With unemployment hovering at a 50-year low and interest rates well below historical norms, the real estate industry is being dragged down by scarcity in housing stock, especially at lower price ranges. Not enough homes are being built, and homeowners are staying put longer, creating a bottleneck.
In recent years, Idaho has seen a surge in growth. So much so that in 2018 it was the fastest growing state in the country.
People have been relocating to Idaho from across the country, but the majority of them are moving from California.
According to the most recent U.S. Census report, one out of every four people who moved to Idaho was from California. And one of their favorite spots to reside is Boise.
But why are so many Californians moving to Boise?
One of the top reasons why Californians are moving to Boise is because of its low cost of living.
California is famously expensive, boasting some of the highest median home prices in the nation. Los Angeles has a median home price of $717,500 and San Francisco's is a…
By: James R. Solloway, CFA, Chief Market Strategist and Senior Portfolio Manager
Courtesy of Helmstar Group