What is the real news?????

How is our market doing? Great question. Values have sagged here in the Boise metro area probably on average 10% to 15%. Some areas have held on better than others. I have noticed that Southeast Boise has performed exceptionally well as compared to the rest of the valley. Also Northeast Boise and North Boise are doing ok. So this is where the long hold reality about real estate comes into play. Not a lot of property is moving except the exceptional deals or the super-clean upgraded properties. Foreclosed (bank owned or R.E.O.) are plentiful, however a lot of them require investing in repairs, new carpet, paint, and general rehab. Some are left in exceptional condition and others are missing all fixtures and smell like pet pee. Interest rates are amazing right now. On Friday some banks were offering 5.25% for conventional purchases. Now keep in mind this is for great credit ratings (720+) with 20% down and all the fixings. There is financing available out there. The options are less attractive for investment purchase and refinance, but I found a bank that is offering amazing deals. Also, amazingly, 100% financing is still available!! It's called Rural Development or R.D. and is a government backed loan. These loans are available for properties in Kuna, Star, and Middleton. Also, still available but not sure for how long is IFHA 100% financing for people with good credit. The program is called "Good Credit Rewards." FHA financing is available with a 3.5% down payment which is an achievable goad. If you have yet to purchase and are waiting on the sidelines, it will probably be a good time for many months to come. Don't let anybody rush you into your purchase.