Boise Homes For Sale

Today: A 20 percent chance of snow showers before 11am. Snow level rising to 4400 feet. Mostly cloudy, with a high near 43. Calm wind.

Tonight: Mostly cloudy, with a low around 30. East wind around 6 mph.

Home for sale on .63 acres in Boise area. Great room, family room, 2 car garage, 2 decks.  Includes hot tub.  Plenty of views. Just 2.5 miles to Robie Creek boat ramp and swim area. 25 minutes to Boise. Great home to live year round or perfect weekend getaway. Close to public lands for winter and summer fun. $158,000. Please contact Trish Stephenson 208-388-4653 for more information on this Boise Home For Sale.

Great 3 bedroom 1.5 home for sale in Boise area. Great room, family room, 2 car garage, 2 decks.  Includes hot tub.  Plenty of views. Just 2.5 miles to Robie Creek boat ramp and swim area. 25 minutes to Boise. Great home to live year round or perfect weekend getaway. Close to public lands for winter and summer fun. $158,000. Please contact Trish Stephenson 208-388-4653 for more information on this Boise Home For Sale.

Year round play ground!  Winter wonderland with snowmobiling.  3 miles to Robie Creek Boat Ramp and swim area for summer fun. Yet only 25 minutes to Boise. Cozy cabin in the woods on over 1/2 acre.  Possible short sale so bring an offer!  Call Trish Stephenson at 208-388-4653 for more information on this Boise Home For Sale!

According to the Mortgage Banker’s Association, the 30 year fixed rate dropped to 4.9% and the 15 year rate remains at 4.3%.

For the first time in a year, according to the National PMI Index, the overall risk in 384 metropolitan real estate markets has decreased.  The PMI Index is produced quarterly by a private mortgage insurance giant, the PMI Group.  It is one of the most accurate forecasters of the housing value movement.  It examines local employment, household income, economic growth, demographic changes and other factors to predict where home values are headed in these market areas.

The PMI risk index was among one of the earliest warning us about the housing crash, so its quarterly findings are followed closely by mortgage analysts.  According to the latest index released last week, home values are increasing in dozens of major metropolitan markets, causing the average risk rating for the U.S. to drop by 2.6 percent.  That’s not huge, but it shows the direction we are headed.  But, the index did find risk levels elevated in some areas such in California, Nevada, Arizona and Florida.  It also documented a slight worsening of affordability conditions in 81% of metropolitan markets.  This is mainly due to the higher home prices and slightly higher mortgage rates last year.

Another key market barometer was released last week with encouraging numbers.  The Zillow Index found that the national average of home owner’s negative  equity rate dropped to 21.4 percent in the last quarter of 2009.  This is down from 23 percent in the second quarter.  The federal reserve’s quarterly study, measuring the nation’s finances, also found that after 3 years of decline, American’s are building positive equity in their homes again.

According to the feds, between the 1st quarter of last year and 3rd quarter, home owner’s equity increased by almost 1 trillion.  This is believed to be primarily caused by the rise in home values and principle paydowns on mortgages.

Home builders are also reporting an ease in their financial woes.  Several major publicly traded builders announced last week that they are seeing higher numbers of orders along with reduced cancellation rates of contracts.  In one company, DR Horton, in it’s most recent quarter, orders for new homes were up 45% above the earlier year’s levels and the cancellation rate dropped from 38% to 26%.

Mortgage rates continue to be helpful as well.  30 year fixed rate dropped to 4.9% last week and the 15 year remains at 4.3%.  This is according to the Mortgage Bankers Association.

(information in this article is according to the Realty Times)

Great Home For Sale in Boise Area

Great home in Boise area nestled in the pines!  Only $158,000.  Just 25 minutes to Boise.  2 1/2 miles to Robie Creek Boat Ramp and Swim area.  Minutes to public land for year round recreation.  This is a year round home or could be used for weekend get away.  Hot tub included. 2 covered decks. Great room, family room with plenty of views. 2 car garage for all your toys.  Please contact Trish Stephenson 208-388-4653 Silvercreek Realty Group for more information or to view the inside of this great Boise home for sale.

Possible shortsale so make an offer.  Over 1/2 acre of pure paradise on the creek. 2 bedroom 1 bath home for sale in Robie Creek. 5 miles to Robie Creek Boat Ramp and Swim Area.  Less than 25 minutes to Boise.  Live year round or perfect weekend get away. 24 x 20 garage/shop to store all your recreational toys.  Don’t miss out on this rare find!

Did you know that in order to receive the First Time Homebuyer Tax Credit you MUST have a written contract dated no later than April 30, 2010 and must close by June 30, 2010.  Please contact Judy Bauer with Prospect Mortgage for more information on this.

First time home buyer’s can receive up to $8,000 and if you have owned your home for the last 6 out of 8 years you may be eligible for a tax credit up to $6,500.  DON”T miss out!  Please contact Trish Stephenson Silvercreek Realty Group to look at any homes for sale in the Boise and surrounding areas.

What does the seller leave when selling? In some areas it is customary to leave the washer and dryer, some the refrigerator. Local customs are not set in stone but if you are a buyer, make sure you specify what you expect to stay. And if you are a seller, make sure you aren’t selling an item you plan to take. For fixtures, ask your broker to be specific and have a purchase and sale agreement that reflects your preferences.