Should I stay or Should I go?
Updated Oct. 9, 2013
If you are trying to decide to sell your home now or wait until the market gets better, than here is something to think about. If you wait, it's true that you will probably be able to sell it for more within a few years. But the next home that you buy is also going to cost you more and not only is the purchase price going...

mortgage update
Updated Oct. 9, 2013
The number of homes on the market with pending sales increased for the 11th week in a row! It was a 5.4% increase in Canyon County and an 8.3% increase in Ada County for the week! The number of pending sales is up 52% in Canyon County from this same time last year and 46% in Ada County! The number of homes on the market in...

Builders Say Business Is on the Upswing
Updated Oct. 9, 2013
The spring selling season is already keeping builders busy, says Ticonderoga Securities Analyst Stephen East, who surveyed builders in North Carolina, Virginia, Florida, Texas, and California's Inland Empire.East found that many builders reported increasing interest among move-up buyers....

Housing Experts Say Real Estate is Recovering
Updated Oct. 9, 2013
Some of the nation's top economists believe the housing market has turned and better days are on the way for the housing industry.Increases in jobs, credit, and affordable homes will overcome impediments such as rising interest rates, and the expiration of the Federal stimulus program to push the...

Mortgage Rates Should Remain Low
Updated Oct. 9, 2013
Projections about where credit rates will go in the next year vary widely; most analysts think the effect of the Federal Reserve's move away from the market won't be dramatic. Credit Suisse & FTN Financial Capital Markets predict that mortgage rates will stay between 5 percent and 5.5 percent for...

Housing Will Come Back
Updated Oct. 9, 2013
Alan Greenspan told officials in Mexico on Wednesday that he believes U.S. home prices have hit bottom. However, home owners are still unnerved by the decline in value, and until the prices stabilize, the economy will remain weak."We will not be out of this crisis until home prices truly stabilize in the United...

Boise purchase market
Updated Oct. 9, 2013
According to a recent article by the New York Times, Boise registered an annual increase in sales last month. It stated that Boise had the biggest sales gain and reported a nearly 42 percent increase from a year ago. It also stated that Boise's median home price dropped nearly 14 percent from a year ago to...

weekly update
Updated Oct. 9, 2013
The number of homes on the market with pending sales increased for the 15th week in a row! It was a 0.4% increase in Canyon County and a 4.5% increase in Ada County for the week. The number of homes on the market in Canyon County increased this week by 0.5% and increased by 1.3% in Ada County. Activity in the market has been...

Arm Loan a Good Idea?
Updated Oct. 9, 2013
When deciding upon a home mortgage, one of the most common options to consider other than a fixed rate loan is an ARM loan. ARM is an acronym for adjustable rate mortgage. With this product, a starting rate is fixed for a certain period of time, and then when that time is up, the rate can adjust depending upon a...

First time home buyers
Updated Oct. 9, 2013
5 Costly Mistakes First-Time Buyers Make. Buying a first home can be a daunting experience. Here are five common and costly mistakes that novice home buyers make:1. Ignoring the costs of having a low credit score. Lower-score borrowers pay thousands of dollars in increased interest rates over the life of the loan.. 2....

Recession or Depression?
Updated Oct. 9, 2013
Six Reasons Why the Housing Recession Will Return. No one wants to see a return of the meteoric drops in home prices that have plagued so many parts of the country over the last three years. Recession or Depression? The ripple effect on the whole economy is devastating. Unfortunately, there are lots of indicators...

weekly update
Updated Oct. 9, 2013
The number of homes on the market with pending sales decreased for the first time since December 2009. It was a 6.8% decrease in Canyon County and 0.2% decrease in Ada County for the week. The number of homes on the market in Canyon County increased this week by 1% and decreased by 0.01% in Ada County. It doesn't...

Idaho's Market update
Updated Oct. 9, 2013
Idaho Real Estate and Home Loan market update.. Prior to 8:30 the interest rate markets were unchanged, at 8:30 April consumer price index was up 0.4% in line with forecasts, excluding food and energy +0.2% also about n line. Yr/yr overall CPI +3.2% up frm +2.7% in March, excluding food and energy +1.3% up frm +1.2% in March....

Idaho Real Estate | Market Update
Updated Oct. 9, 2013
Rate markets started slightly weaker this morning, the bellwether 10 yr note still unable to crack 3.10% closing yesterday at 3.11% and at 8:45 this morning at 3.13%. Mortgage prices also a little weaker, -4/32 (.12 bp) at 8:45. Asian stock markets were lower on soft earnings, Europe's stock markets trading...

Idaho Real Estate | Idaho Home Loans - The closing process
Updated Oct. 9, 2013
Idaho Real Estate | Idaho Home Loans - The closing process. Closing consists of all the necessary final steps involved in sealing the deal on a home purchase. It includes:. The offer to purchaseThere's no foolproof way to make an offer that's guaranteed to be accepted by the seller. But once you find your...

Boise Real Estate Market Update 6-23-11
Updated Oct. 9, 2013
Treasuries and mortgage markets were rallying early and got an additional boost at 8:30 on weekly jobless claims. Claims were thought to be about unchanged, as reported up 9K to 429K, the 11th week in a row over the key 400K level. Labor said six states were "estimated" due to computer issues so we don't really...

Oakland Real Estate Market update
Updated Oct. 9, 2013
Bay Area California Housing Market Update/ Jesse StroupYesterday 30 yr mortgages had one of its best days in over a year; the 3.5 Oct MBS increased 41/32 (1.28 bp). The Fed did what markets were expecting plus more. The view prior to the FOMC policy statement at 2:22 yesterday was that the Fed would institute...

Buying vs. Renting in Bay Area California | Jesse Stroup
Updated Oct. 9, 2013
Buying vs. Renting in Bay Area California | Jesse Stroup. Posted on September 22nd, 2011 by Jesse Stroup | Oakland Home Loan ExpertA home is one of the most expensive purchases most of us will ever make during our lifetime. Whether you decide to rent or buy, either choice comes with its own rewards and risks....

Oakland Real Estate & Housing market update | Jesse Stroup
Updated Oct. 9, 2013
Since last Friday through yesterday's close the 10 yr note has declined 25 bp to 1.73%, the big move was in the 30 yr as investors scrambled for yield, it has fallen 52 basis points to 2.80%. In that timeframe the DJIA has dropped 766 points and mortgage rates down 18 basis points. Big moves too quick, markets are...

Bay Area Real Estate & Housings Market update | Jesse Stroup
Updated Oct. 9, 2013
Treasuries rallied big yesterday on news out of Europe that Greece failed the austerity tests that the EU and IMF had set out in order to get another dose of financial support to avoid default. European finance chiefs meeting yesterday considered "technical revisions" for a second Greek bailout. Europe's...