Is your New Year’s resolution to buy a home? For most Americans, that may be the go-to plan in 2019, when prices are expected to slow down.
Boise is an exception.
Unlike many regions, where modest price increases of 2.2 percent are expected, Boise joins 50 markets forecasted to have large price increases over the next year.
Rising mortgage rates could also mean that homebuyers will pay more for their loans. On average, consumers can expect to pay more per month in real money on their mortgages in 2019.
Home prices going up in Boise isn’t all that surprising when you think about everything this region has to offer.
Earlier this year, in fact, a report by Realtor.com listed Boise as one of the hottest markets in the United States. The activity was driven by new, younger buyers in search for a region like Boise, which boasts natural beauty, big-city amenities without the price tag and a strong community feel that makes new residents feel welcome.
Along with its great communities, Boise is also planning for the future with an initiative to reach 100 percent energy nirvana through renewable energy sources. This commitment represents a desire for cleaner communities and economic opportunities for residents.
As you can see, Boise is a great place to live, but waiting to make a move can come at a cost. Get ahead of any potential price increases in 2019 by looking for real estate sooner rather than later.
Our mortgage programs, from a fixed-rate program to an FHA loan, which provides financial assistance and additional resources, provide a clear and viable path toward homeownership.
Our 75 years of combined experience in the Boise market can help you land the home of your dreams in this highly desirable, yet competitive market.
Fast track your New Year’s resolution today by exploring the possibilities of owning a home in an up-and-coming community!