ADA COUNTY VACANCY RATES DECREASING
We've been seeing this coming for six months. According to NARPM, vacancy rates on 1-4 unit residential investment properties in Ada County are at 5% after a spike to 10% at this same time last year. We are continuing to see strong rental interest in single family...
REAL ESTATE & TECHNOLOGY HYPER EVOLUTION
It’s a day in the near future... I’m sitting at my kitchen table with my tablet computer. My desktop PC is gathering dust in the bedroom corner. A relic of an earlier time, I haven’t used it in a couple of years. Who wants to stay tethered to a desk anymore? I fire...
CARPET CLEANING – ANOTHER VALUE PROPOSITION FROM BOISE CRIBS
Just responded to an email from an investor who liked a particular foreclosure home, but couldn't seem to get over the picture of the living room. Actually, he couldn't get over (and I quote) the "grunge nasty " carpet in the living room. It was pretty dirty. It was...
FANNIE MAE SPECIAL INCENTIVES BEFORE 12-31-10
Fannie Mae is offering special incentives exclusively for owner occupants that purchase property from its inventory of foreclosures, also known as “HomePath” properties. Owner occupants that purchase a Fannie Mae HomePath property by December 31st will receive up to...
BURNEY GLEN LISTING AND TWO SINGLE FAMILY RENTALS COMING SOON
We'll get the videos up ASAP. 3,100 sq. ft two story in Meridian's Burney Glen going on the market next Monday. This is an Energy Efficiency superstar - exceeds Energy Star standards by 15+% with R-50 insulation, 2 x 6 exterior framing, blown-in insulation, double E...
HOME OWNERSHIP AT LOWEST LEVEL IN A DECADE
According to MSNBC, The United States' homeownership rate remained at its lowest in more than a decade, hampered by a rise in foreclosures and weak demand for housing. The percentage of households that owned their homes was unchanged at 66.9 percent in the...
BOISE CRIBS FOUNDER RUNS MALIBU MARATHON
A shout out to BoiseCribs.com Founder Brett Hughes for his participation in the Malibu Marathon this morning. (I wish I was running along the beautiful 101 Pacific Coast Highway.) Looking forward to Robie Creek in April "The Toughest Half Marathon in the Northwest"...
THE SIREN IS SOUNDING FOR CASH FLOW INVESTMENT PROPERTY BUYERS
A question we get almost every week (since Brett and I have both own Ada and Canyon County 4-plexes) is "have we hit bottom and when should I buy?" This is not real estate agent optimism. It's based on the hard facts we are seeing in the marketplace. It looks like...
U.S. EXISTING HOME SALES & NEW HOME SALES RISE IN SEPTEMBER
According to Bloomberg press sales of U.S. existing homes rose in September by the most on record, a sign cheaper borrowing costs are helping stabilize an industry that’s battling the headwinds of foreclosures and joblessness. Purchases increased 10% to a 4.53 million...