November 20, 2008

It's getting to be more and more difficult to find good news on TV. Reporters seem to be reveling in stirring up as much "doom and gloom" news as they can – after all it's been proven that bad news sells better than good. Our addiction to news tickers and 24 hour coverage was solidified during horrific news events of the last decade. But there IS positive news to be found if you dig hard enough.

28 Metropolitan areas showed increases in median existing single-family home prices from the same quarter in 2007. Areas such as Elmira NY, Tulsa OK, Wichita KS and Urbana IL.

But even in areas where average home sales have dropped drastically, there is good news. Buyers who have been shut out of the home ownership market, are now finding that they can afford to buy. And they ARE buying. Three states where the ‘housing bubble' has burst are seeing some of the highest increases in sales. The largest sales gain during the third quarter was in Arizona, up 28.3 percent from the second quarter, followed by California which rose 28.1 percent and Nevada, up 26.2 percent. These areas have seen some of the strongest sales gains with some reports of multiple bidding.

And there's also good news for sellers. The typical seller purchased their home six years ago and is still experiencing net equity gains, even in today's depressed markets. The national increase in value since the third quarter of 2002 is 18.3 percent, which is a median gain of $31,000. Even with the current downward price distortion, 90 percent of metro areas are showing six-year price gains.

So while we are definitely in turbulent economic times, there is GOOD NEWS to be found if you look for it. Hopefully, some home buying incentives will be passed soon to stimulate even more home ownership. Lawrence Yun, the chief economist at the National Association of Realtors, said that, "A pattern of sharply higher sales in areas with large price declines is well established," Yun said. "Affordability conditions have consistently been a major factor in driving sales. Historically during recessions, buyers have responded to incentives and it's important for government to keep that in the forefront of stimulus decisions."

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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

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November 20, 2008

Local Information for Boise, ID

Latitude: 43.613739 -- Longitude: -116.237651

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