Boise Homes For Sale

Pending home sales increased in June following a wide swing down in April and then up in May, according to the NATIONAL ASSOCIATION OF REALTORS®. Activity increased in the West and South but declined in the Midwest and Northeast; all regions show strong double-digit gains from a year ago.
The Pending Home Sales Index, which measures contracts to buy and sell homes, rose 2.4% in June and is up 19.8% from June 2010, the low point immediately following expiration of the home buyer tax credit.
NAR Chief Economist Lawrence Yun said most home purchase transactions take one to two months to close, so two months of consecutive increases in the pending sales data is a good sign that the market is improving.  “Though a higher-than-normal cancellation rate can hold back final closing figures, it could well be that some past cancellations are nothing more than delayed buying decisions rather than outright cancellations,”  he explained.

 Mortgage bond prices rose last week, which pushed mortgage interest rates lower. Rates started off on a bad note Monday as the lack of a debt deal between Congress and the President dominated the headlines. The Treasury auctions generally saw weak foreign demand, which also didn’t help rates. Stocks struggled throughout the week. Fortunately mortgage bonds rallied heavily Friday as the Advance Q2 GDP figure disappointed with only a 1.3% increase. Analysts looked for GDP to rise 1.8%. Mortgage bonds ended the week better by about 3/4 of a discount point.

Information provided by Judy Bauer  with US Bank.

FORECAST FOR TODAY: Thunderstorms
High temperature: 90
Description: PARTLY CLOUDY. SCATTERED SHOWERS AND THUNDERSTORMS… MAINLY IN THE AFTERNOON. THUNDERSTORMS MAY PRODUCE HEAVY RAINFALL…GUSTY WINDS AND SMALL HAIL IN THE AFTERNOON. CHANCE OF PRECIPITATION 40 PERCENT. HIGHS 88 TO 93. SOUTHEAST WINDS UP TO 10 MPH IN THE MORNING…BECOMING EAST IN THE AFTERNOON.

FORECAST FOR TONIGHT: Thunderstorms
Low temperature: 59
Description: MOSTLY CLOUDY WITH A CHANCE OF SHOWERS AND THUNDERSTORMS IN THE EVENING…THEN PARTLY CLOUDY WITH A SLIGHT CHANCE OF SHOWERS AND THUNDERSTORMS AFTER MIDNIGHT. CHANCE OF PRECIPITATION 30 PERCENT. LOWS 56 TO 63. NORTH WINDS AROUND 10 MPH IN THE EVENING…BECOMING LIGHT AFTER MIDNIGHT.

I have been hearing that people are having a very hard time finding a place to rent.  It makes sense; those people that lost their homes to short sales or foreclosures are now renting.  So, is this a good time to buy a rental property?  I can’t predicate the future but it seems this is the perfect time.  It is a little bit harder these days to qualify for a home loan so families are now renting.  With a shortage of rentals one should be able to rent their purchase very easily.  If you are interested in buying income property, you might start by talking with a lender.  Judy Bauer with US Bank, 208-442-5001, can answer any questions you might have regarding qualifying for an income property.

FORECAST FOR REST OF TODAY: Sunny
High temperature: 88
Description: SUNNY. HIGHS 85 TO 91. NORTHWEST WINDS 10 TO 15 MPH.

FORECAST FOR TONIGHT: Sunny
Low temperature: 56
Description: CLEAR. LOWS 51 TO 61. NORTH WINDS UP TO 10 MPH. GUSTS TO 20 MPH IN THE EVENING.

FORECAST FOR FRIDAY: Sunny
High temperature: 95
Description: SUNNY. HIGHS 92 TO 98. NORTHWEST WINDS UP TO 10 MPH.

FORECAST FOR FRIDAY NIGHT: Mostly clear
Low temperature: 60
Description: CLEAR. LOWS 55 TO 65. NORTHEAST WINDS AROUND 10 MPH.

FORECAST FOR SATURDAY: Sunny
High temperature: 99
Description: MOSTLY SUNNY. HIGHS 96 TO 102. EAST WINDS AROUND 10 MPH.

FORECAST FOR SATURDAY NIGHT: Mostly cloudy
Low temperature: 65
Description: PARTLY CLOUDY. LOWS 61 TO 69.

FORECAST FOR SUNDAY AND SUNDAY NIGHT: Thunderstorms
Low temperature: 65
High temperature: 98
Description: PARTLY CLOUDY. A 20 PERCENT CHANCE OF SHOWERS AND THUNDERSTORMS. HIGHS 95 TO 101. LOWS 61 TO 69.

This is one beautiful piece of Idaho.  Access from Highway 21 just 33 miles east of Boise.  5 miles from Idaho City.  Trees, views, wildlife. Your own private paradise.  Build your year round home or use as your year round recreation area.  $250,000.  Please contact Trish Stephenson 208-388-4653 Silvercreek Realty Group.  Click here   for more pictures.

Great cozy cabin short sale $83,000. 1/2 acre. On the creek. Peaceful location close to summer and winter recreation yet only 25 minutes to Boise. 3 miles to Lucky Peak boat ramp and swim area. Please contact Trish Stephenson Silvercreek Realty Group 208-388-4653 for more information.  Click here for more pictures.

Location, Location, Location!  25 minutes to Boise. 2.5 miles to Lucky Peak Boat Ramp and Swim area. Close to public lands for year round recreation. Family room, great room, hot tub all nestled in the pines for peaceful living.  Please contact Trish Stephenson Silvercreek Realty Group 208-388-4653 for more information.

This cozy 1500+ Sq Ft home offers a lot of space with a great floor plan. 3 bedroom 2 bath.  Sits on one acre of level ground. Great views of the Mountains and Pine. High Efficiency Wood Stove. Large Deck, Hot Tub, 1 Car attached and a 2 Car detached Garage. RV Parking.

This is an ideal place for those looking for large parcels.   Live in the existing home while building your dream home on the perfect building site.  New pump in well.  Excellent views all around.  Privacy.  Own a piece of Idaho Paradise. $170,000.  Please contact Trish Stephenson for more information 208-388-4653.