Real Estate News

There are currently 43 blog entries related to this category.

As of July 1, 2008 the Intermountain MLS which covers Southern Idaho and Eastern Oregon will enforce the disclosure of sold real estate prices.  Previously, agents could enter a (0) “zero” sold price.   This would sometimes occur if the buyer intended to “flip” the property or a new home builder did not want a low sales price to affect the sale of their next home.  Over the last year, as home values softened, (0) “zero” sale prices were becoming more frequent and the MLS data was getting polluted.  Overall, I think this is a good thing for the real estate industry.  A homes value is determined by sold “comparables.”  Agents, appraisers, and county assessors used sold comparables to determine value.  Having accurate sale data will help these industries

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Kiplinger rates Boise #4 among best cities in America to live, work, and play.  The article highlights the outdoor recreation, arts, high tech firms, high percentage of college grads, and low cost of living as some of the main reasons why Boise is a great place to live.  It should be noted the article states the median home price as $235,000 while in May 2008 the median home value was $205,000 according to the Intermountain Multiple Listing Service.

Read the kiplinger article

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Forbes ranked Boise Idaho #2 for the best place to do business and careers in 2008.  The article ranked the Boise Metro area #2 by looking at Colleges, Cost of Doing Business, Cost of Living, Crime Rate, Culture and Leisure, Educational Attainment, Income Growth, Job Growth, and Net Migration.

You can read the whole article by Forbes here: http://www.forbes.com/lists/2008/1/bestplaces08_Boise-ID_2388.html

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