First of All, Two Things about “Market Data”:

1. Don’t Always Believe What the Media Says

2. Don’t Always Believe What a Salesperson Says


Last week we all heard in the media the sky was falling, and when I made a few statements on the blog about the Boise real estate market I took some criticism from people claiming the “sky is falling” and you’re “just trying to sell houses”.

So…..Here is a fact straight from the U.S.Government Statistics Bureau. (See Below – I copied this chart from the Fannie May website.)

MAKE A DECISION FOR YOURSELF IF NOW IS A GOOD TIME TO BUY REAL ESTATE IN THE BOISE AREA.  LET’S SEE...LOWEST I-RATES OF MY LIFETIME, BOISE-AREA HOMES AT 2001 PRICES.  VACANCY RATES AT 3%.

Warren Buffet was the one who said “You pay a very high price for a cheery consensus”.