market conditions: Keeping the Wolf Away - Still Few Foreclosures to Report - 03/25/08 11:00 AM
Don't get me wrong - homes sales are clearly off from a year ago and I currently have more time to catch up on old paper work than I care to. Still, despite the media's constant wailing and gnashing of teeth, the Mountain Home, Idaho real estate market remains in pretty good shape. There are a couple of reasons for our relative good fortune.
The dominance of Mountain Home Air Force Base in the local economy is a powerful force in maintaining employment stability. The number of jobs at MHAFB, at least in the short term, isn't directly tied to changes … (0 comments)

market conditions: The End of the Ever Larger Home? - 02/13/08 05:39 PM
After running my weekly analysis of what's going on in the Mountain Home, Idaho real estate market, I'm now of the suspicion (and working towards the conclusion)  that new home prices may have finally reached the point where local builders are drafting new game plans.  In 2007, for the first time in practically forever, the median size of a new home was smaller than in the year before.  The difference was small, only about 6%, and one year does not a trend make but it is something I'm watching closely.
Apparently at least one Mountain Home builder has taken notice and is … (1 comments)

market conditions: Mountain Home, ID Real Estate Wrap Up and Forecast - 01/08/08 07:14 PM
Activity and Prices By historical standards, 2007 was a good but not record setting year for Mountain Home. Sales of both new and existing homes were off about 19% from 2006. During the same period, the median price of existing homes increased by 12% to $152,000 while new homes saw a price drop of about 5% to $192,000.  Much of the decrease in new home prices is because fewer, more expensive homes on acreages were built in 2007.
Marketing Time The average marketing time (from date of listing to date of closing) is currently 59 days, an increase of 7 days for the year.  However, a recent … (0 comments)

market conditions: Warm Winds From Washington Waft - Real Estate News - Mountain Home, ID - 10/31/07 09:10 PM
Prompted by the meltdown of the subprime mortgage market and the resulting flood of foreclosures, House Democrats have reacted (over-reacted?) with HR3915 the "Mortgage Reform and Anti-Predatory Lending Act of 2007". Among other provisions, the Act would prohibit prepayment penalties on "High Cost" mortgages (including loans already in existence) and require that consumers receive "counseling" before entering into loans of this type.
Borrowers won't be the only group that will need counseling if the Act passes as drafted. Lenders will be prohibited from steering any applicant into a loan that "isn't in the consumer's best interests" (could that possibly be any … (0 comments)

market conditions: Being Absorbed and Liking It - Market Conditions - Mountain Home, ID - 10/01/07 11:45 AM
If you've been keeping an eye on the "Market Conditions" page of my web site you probably know that it's my read that the Mountain Home real estate market is in "pretty good" shape at the moment.  However, much as I hate to, I recognize that there are a few hard cases out there that like more than me waving my hands vaguely in the air.
If its numbers you want then absorption analysis is what you need.  Absorption analysis projects, by market segment, how quickly the current inventory of homes will sell (i.e. be absorbed) based on the current level of activity in the same market … (0 comments)

market conditions: Lies, Darned Lies and Real Estate Statistics - Market Conditions - Mountain Home, ID - 07/18/07 12:18 PM
Mountain Home Idaho real estate is, in large part, a numbers game. We need them to talk about prices, appraisals, sizes, interest rates, dimensions and the list goes on. But, like in any other industry, some of the numbers used are misleading, irrelevant or just plain wrong. Some examples.  Local home prices, according to the Intermountain Multiple Listing Service (and reported by the media), have increased by 15% over the past 12 months but the actual rate is much closer to 9%. So why the big difference? Are those dang real estate agents just trying to get more people to sign … (0 comments)

market conditions: Mountain Home Idaho Market Conditions - 07/12/07 09:29 AM
After weathering a Spring slowdown, the Mountain Home Idaho real estate market is beginning to heat up.  Inventories for proposed and lower priced homes are at higher than normal levels but there continues to be strong demand for homes in the $150-220K price range.  
Although busy, activity is not at the near "frantic" levels of the recent past.  Buyers now have the luxury of choice without the need to rush a hurried offer to the seller before someone else "steals" the home.  Sellers are understandably less delighted but realize that the value growth their homes have already experienced will result in large gains upon sale, even in a slower market.
Recent layoffs at Micron Technology, plus a huge inventory of unsold … (0 comments)

 

Jan DeGiorgio

Mountain Home Idaho Real Estate

Mountain Home, ID

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CENTURY 21 Southern Idaho Realty

Address: 1135 West 6th South, PO Box 824, Mountain Home, ID, 83647

Office: (208) 587-9021

Mobile: (208) 890-6416

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Contact me for up to date information on all things real estate in the Mountain Home, Idaho and Mountain Home Air Force Base areas.

30+ years helping military families discover the wonder of Southwest Idaho.



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