November 20, 2008

All markets are different. During the next few years, some housing markets will turn around faster than others. How do you know when your particular market has reached its bottom? If you wait until others pick over the great deals, you'll miss the bottom.

  • Keep a track of how many properties are listed from month to month. Once you start to see a reduction in inventory then that may mean that buyers are starting to buy. There could be two reasons whey inventory is reducing – overpriced homes may be taken off the market and sales volume could be picking up. You can find out this information from your local real estate agent.
  • Keep reading national and local newspapers. If your local media reporters are now starting to interview experts in your market and asking questions like, “Have we reached the bottom?” then that might be a sign that there may be a shift.
  • Talk to your friends and co-workers. How are they feeling about your local economy and housing prices? Are they more optimistic now than they were 3 months ago, or even last month?
  • Consumer confidence will be a big part in the housing market turning around.
  • Be on the lookout for mortgage interest rates stabilizing and mortgage companies start to ease lending restrictions.
  • One of the biggest indicators is when prices have stopped dropping. The secret is to buy before they start to inch back up again!


  • I’m not suggesting that you wait till the absolute bottom of your market to buy. You have to look at a home as a place to live, not an investment. Only you can determine what an affordable monthly payment is relative to the value of the home you are purchasing. There are individual homes for sale that can be bought at the bottom of your market, even if homes in general have not reached that mark.

    Talk to a trusted real estate agent – we can help!



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    Local Information for Boise, ID

    Latitude: 43.613739 -- Longitude: -116.237651


    ZIP Codes for Boise, Idaho 83701  83702  83703  83704  83705  83706  83707  83708  83709  83711  83712  83713  83714  83715  83716  83717  83719  83720  83721  83722  83724  83725  83726  83727  83728  83729  83730  83731  83732  83733  83735  83756  83757  83799 
    Area Code for Boise, Idaho 208
    Time zone for Boise, Idaho MST



    Other Area Cities:   Eagle, ID  Meridian, ID  Garden City, ID  Boise, ID  Nampa, ID 

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    Numbering about 15,000, Boise's Basque community is the largest Basque community in the United States and the third largest in the world outside Argentina and the Basque Country in Spain and France [6]. A large Basque festival known as Jaialdi is held once every five years (next in 2010). Downtown Boise features a vibrant section known as the "Basque Block". Boise's mayor, David H. Bieter is of Basque descent. Boise is also a regional hub for jazz and theater. The Gene Harris Jazz Festival is hosted in Boise each spring. The city is also home to a number of museums, including the Boise Art Museum, Idaho Historical Museum, the Basque Museum and Cultural Center, Idaho Black History Museum and the Discovery Center of Idaho. Several theater groups operate in the city, including the Idaho Shakespeare Festival. Boise Little Theatre and the Boise Contemporary Theater among others. -- Source: Wikipedia.com




    Idaho 2000 Census Population Profile Map

    Boise Idaho United States
    Population 185,787 1,293,953 281,421,906
    Median age 32.8 33.2 35.3
    Median age for Male 31.7 32.2 34
    Median age for Female 34 34.2 36.5
    Households 74,438 469,645 105,480,101
    Household population 181,774 1,262,457 273,643,273
    Average household size 2.44 2.69 2.59
    Families 46,493 335,588 71,787,347
    Average family size 3.03 3.17 3.14
    Housing units 77,850 527,824 115,904,641
    Occupied units 74,438 469,645 105,480,101
    Vacant units 3,412 58,179 10,424,540

    Visit US Census




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    Jeff Christianson - RE/MAX Capital City
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    RE/MAX Capital City



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