The National Association of Realtors reports that they expect home prices to increase in the next 12 months. The map below shows state by state what can be expected across the nation. Here in Idaho, as most of the nation, the price increase is expected to be 3-5%. With all the renovations that are occurring around the Treasure Valley, downtown making a shift to urban, and Meridian booming as the 10th fastest growing city in the U.S., maybe Idaho will be on the higher end of that spectrum.
Home prices have been increasing in the nation. Compared to 2012-2013 where the upturn was very evident, this time it is not expected to be as dramatic, which they are contributing to the difficulty for borrowers in obtaining a mortgage and weak job recovery. However in Idaho we are seeing huge population growth–people are being drawn here for something!
original article and picture from: http://economistsoutlook.blogs.realtor.org/2014/09/02/realtors-expect-modest-price-growth-in-next-12-months/#sf4450859%23sf4454970