Local home values steadily rebounded in 2023 as housing inventory dwindled, resulting in the Treasure Valley’s two-month supply drought, with a staggering 28% drop in Ada County and 32% in Canyon County.
Buyer demand & pricing are trending upward. Work with the Real Estate Counselors to ensure you are current on market conditions, rates & other factors. We will prepare your options as a buyer, such as down payment assistance programs, or as a seller with various online & in-person marketing techniques.
The interest decline began in late 2023, fueled by several factors. The Federal Reserve, signaling a shift in its monetary policy, hinted at potential interest rate cuts in 2024, coupled with a softening housing market and easing inflation, sending mortgage rates downward.
Experts predict the downward trend in rates will continue throughout 2024, with some projections suggesting rates could fall to as low as 6.5% by year-end. This bodes well for the housing market, potentially reigniting buyer activity and boosting overall market sentiment.
If you've been putting your move on hold due to high mortgage rates, now might be the time to reconsider. Talk to a Real Estate Counselor to discuss your options and determine if buying a home in today's market suits you. Remember, pricing is still volatile, so locking in a lower price sooner rather than later can save you money in the long run since you’ll have the option to refinance if rates drop dramatically.
Regardless of market conditions, life marches on, and certain events necessitate a move. Are you considering selling your house or buying a home? Let's connect! We can help you navigate the process while prioritizing your key goals. We'll explore potential options, recommend trusted professionals like mortgage lenders and renovation contractors, craft a successful plan for moving forward, and negotiate on your behalf.
If one of the goals on your list is selling your house and making a move this year, you’re likely juggling a mix of excitement about what’s ahead and feeling a little sentimental about your current home. Keep these three best practices in mind when you’re ready to sell.
Mindy Plum I Tamara Rowe I Christian Busnardo I Shirley Koch I Jill DarlingDay
The Real Estate Counselors at Silvercreek Realty Group have a rich legacy dating back to 1977 with experience in residential & investment real estate sales. Our experience and professionalism are without rival in the local real estate industry.
Join Do Good Property Management & Real Estate Counselors in building bunk beds, collecting bedding & raising donations to benefit the Treasure Valley's Sleep in Heavenly Peace.
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