Posts in category 'News'
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- 2026 | 9 Posts
- 2025 | 52 Posts
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- 2022 | 83 Posts
- 2021 | 70 Posts
- 2020 | 47 Posts
17
From Our Lending Partners at Idaho Central Credit Union
The Fed Remains Accommodative; Retail is Bouncing Back
Neither the Federal Reserve meeting nor the economic data had much impact on mortgage markets over the past week. Rates again ended little changed, close to record-low levels.
At Wednesday's meeting, Fed officials confirmed what most investors had anticipated for quite a while. In short, to help support the economy, the Fed has no plans to raise the federal funds rate for the next few years. According to the statement, the Fed will maintain short-term rates near zero until the labor market reaches "maximum employment" and inflation has risen above 2%. Officials also r...
14
Lack of Inventory Continues to Drive Home Prices
Valley Home Prices Continue to Rise Amid Low Inventory
By Breanna Vanstrom, Chief Executive Officer, Boise Regional REALTORS®
The median sales price for all homes sold in Ada County in August reached $400,000, up 12.7% year-over-year, surpassing the previous high in July 2020 of $390,000.
Our home prices continue to be driven by a shrinking supply of existing homes available for sale compared to demand, more new homes selling at ever-higher prices, increased purchase power due to low mortgage rates,...
12
The Residential Housing Market in Ada County Sees Record-Setting Numbers
Ada County Housing Market Sets Records in July
By Breanna Vanstrom, Chief Executive Officer, Boise Regional REALTORS®
In July, the median sales price for homes sold in Ada County reached $390,000, inventory bottomed out at 743, closed sales hit a high mark at 1,402, and pending sales soared to 2,046.
These were...
11
From Our Lending Partners at Idaho Central Credit Union
The Services Sector Improves; Inflation Falls
Overview
Over the past week, the economic data continued to reflect a stronger than expected recovery following the partial shutdown due to the pandemic. Mortgage rates held relatively steady near-record-low levels.
The major economic reports have broadly revealed a rapid rebound in June and July from the historic weakness seen in April and May, and recent data from the services sector continued the trend. The Institute for Supply Management (ISM) Services Index rose to 58.1, which was well above the consensus forecast of 55 and the highest leve...
15
Ada County Home Sales Pick Up in June
Ada County Home Sales Pick Up in June
By Breanna Vanstrom, Chief Executive Officer, Boise Regional REALTORS®
Following two consecutive months of year-over-year declines, home sales in Ada County were up 3.4% in June 2020 compared to June of 2019. Pending sales, or properties with an acce...
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