In 2025, housing affordability remains a major issue across the US, straining household budgets. New data shows that in several states, housing costs now exceed 50% of avg household income, well above the 30% affordability threshold. In Idaho, rising property values have pushed housing costs to 32.7% of avg household income. Both homeowners and renters … Continued
In a hot real estate market with low inventory, competition is high for buyers. Experts determine market heat by looking at unsold inventory levels. A shortage of homes and limited new construction have kept the market in favor of sellers. Despite increased construction, there are still more buyers than available houses. Continue to full article
BOISE – Homeowners and veterans with disabilities have until April 15 to apply for property tax relief for 2025. The Property Tax Reduction (PTR) program can reduce taxes by up to $1,500 for eligible homeowners. To qualify, applicants must be Idaho residents, occupy their home, and meet income limits. Veterans recognized as 100% service-connected disabled … Continued
Upgrade Kitchens and Bathrooms: Modern countertops, energy-efficient appliances, and updated fixtures increase home value and buyer interest.Boost Curb Appeal: Fresh landscaping, a painted front door, and new lighting create strong first impressions.
Tariffs on building materials are driving up construction costs, raising home prices, and slowing the housing market.New tariffs could add $7,500–$10,000 to home costs, making homeownership harder as demand continues to decline.
This day honors the brave men and women who have sacrificed their lives to defend America's freedom.It became an official federal holiday in 1971. Americans observe Memorial Day by visiting cemeteries and memorials.
From 2018 to 2023, Idaho's housing market saw rapid price increases, doubling median home values and outpacing income growth, making it one of the least affordable states. The pandemic-driven demand and low mortgage rates fueled bidding wars, favoring cash-rich and out-of-state buyers. First-time buyers struggled, often turning to townhouses or manufactured homes. Regional price surges … Continued
2025 may present a unique opportunity for Real Estate agents despite ongoing industry challenges. An increase in inventory could lead to lower prices and more successful deals for agents.
U.S. home sales peaked in 2021, declined through 2024, and are expected to see mild growth in 2025-2026.Mortgage interest rates will continue influencing market trends, impacting prices and buyer demand.
Rising property values have led to higher tax burdens, though some states cap assessments to limit drastic increases. Northeastern and Midwestern states generally impose higher property taxes, while Southern and Western states tend to have lower rates.