In 2025, AI-driven mortgage approval processes will streamline loan decisions, cutting processing times by 30-40%.Mortgage rates could exceed 10% due to global economic pressures, inflation, and geopolitical instability in 2025.
Idaho ranked No. 8 in a national study of states with the highest housing costs. Housing expenses in Idaho take up 32.73% of the median monthly income. This may surprise residents, as home prices have surged since the COVID-19 pandemic began. Many prospective homeowners have been impacted by rising prices and fluctuating interest rates. The … Continued
In Boise, Idaho, the real estate market is showing signs of growth, with an increase in home sales and moderate price rises. In Ada County, single-family home sales rose over 11%, with a median price increase of less than 3% to $540,000. Canyon County saw nearly a 9% increase in sales and a 4% rise … Continued
Demand for Flexible Spaces – Hybrid work will drive demand for flexible, sustainable spaces in prime locations. Second-Tier Market Investments – Undersupplied 2nd-tier markets with good healthcare and education will attract investors. AI-Driven Property Analyses – AI will enhance property analysis, improving decision-making but increasing competition. Demand for Eco-Friendly Real Estate – Green buildings will … Continued
Renters insurance is crucial in 2025, offering essential protection for tenants' assets and liabilities. It covers personal belongings against theft, fire, and natural disasters.
Gov. Brad Little signed House Bill 93, establishing the Parental Choice Tax Credit program, despite significant public opposition, with over 32,000 Idahoans urging a veto. The support for the bill was only 5,091, highlighting a 6-to-1 margin against the $50 million program. Little defended his decision, stating it enhances educational options while maintaining support for … Continued
If a lease exists, it remains valid, preventing rent hikes or evictions until its term expires. Want tenants to move out? You must negotiate, buy them out, or ensure vacancy before purchase.
Idaho leads the nation with 40% new home inventory, especially in Canyon (57.4%) and Ada (52.2%) counties, helping meet high demand. Median home prices rise, with Ada at $565,000 and Canyon at $424,990, while Hailey tops at $1.6 million. Future prices depend on inventory and mortgage rates; rates near 6% may boost demand, while rates … Continued
More homeowners will list their properties as mortgage rates stabilize, improving inventory but increasing competition.Buyers may gain leverage, leading sellers to offer price cuts or concessions in competitive markets.
What Is a HELOC? Secured by home equity Offers credit as collateral Better rates than credit cards Typically variable interest rates How HELOCs Work Based on home equity value Access up to 80% equity Simple application process Low/no origination fees