Growth and recovery are often slow moving. It doesn't always go up in a straight path, either. There are many times when the path will be a little bumpy with a lot of ups and down along the way.
Ups and downs are a normal part of real estate recovery. There is never really a nice, clean upward path when it comes to recovery and growth. Quite the opposite happens, actually. There are often a lot of zigzags that happen and ups and downs.
Boise real estate prices rose and fell through out 2010. For the better part of the year home prices increased steadily. However, the prices decreased again at the end of the year and in January of 2011.
This wasn't a big surprise, however. Ups and downs, as mentioned before, are normal in the recovery process. This is especially true for real estate. Prices have already started to increase, starting again in February 2011.
Small ups and downs in markets are actually a good indication. Obviously, the more ups than there are downs the more profitable it is for people selling their homes. But a decrease in home price is also beneficial for those buying.
It is important to keep an eye out, however, on other thing than just home prices. The number of distressed homes on the market is also something to watch for. If there are a lot of foreclosures and distressed homes on the market this isn't the best news.
There are still many foreclosures and distressed homes on the market. However, the forecast for 2011 still is that home prices will continue to rise and market will continue to increase. This slight rise affects both the economy and real estate prices.
This is great news for Boise real estate. The forecast calculates the continued economic growth we have seen this past year, and the steadiness of retail sales. Interest rates remain low as well, which is also beneficial to the real estate market here in Boise.
Ups and downs are a normal part of real estate recovery. There is never really a nice, clean upward path when it comes to recovery and growth. Quite the opposite happens, actually. There are often a lot of zigzags that happen and ups and downs.
Boise real estate prices rose and fell through out 2010. For the better part of the year home prices increased steadily. However, the prices decreased again at the end of the year and in January of 2011.
This wasn't a big surprise, however. Ups and downs, as mentioned before, are normal in the recovery process. This is especially true for real estate. Prices have already started to increase, starting again in February 2011.
Small ups and downs in markets are actually a good indication. Obviously, the more ups than there are downs the more profitable it is for people selling their homes. But a decrease in home price is also beneficial for those buying.
It is important to keep an eye out, however, on other thing than just home prices. The number of distressed homes on the market is also something to watch for. If there are a lot of foreclosures and distressed homes on the market this isn't the best news.
There are still many foreclosures and distressed homes on the market. However, the forecast for 2011 still is that home prices will continue to rise and market will continue to increase. This slight rise affects both the economy and real estate prices.
This is great news for Boise real estate. The forecast calculates the continued economic growth we have seen this past year, and the steadiness of retail sales. Interest rates remain low as well, which is also beneficial to the real estate market here in Boise.
About the Author:
To learn more about the Boise real estate market, contact The HELP Program, a real estate agency specializing in purchasing and selling Boise homes.
0 comments
Post a Comment