Yes, It’s For Real!

HUD HOME FOR SALE

2547 S Whitetail Court  Nampa, ID  83686

Wow, is this for real?!?  “Move-in ready” HUD town home situated within a quit community near Lake Lowell and containing 3 bedrooms, 2 1/2 bathrooms and 1822 sqft. Interior features include tile/travertine flooring throughout, dual vanities, a gas fireplace, vaulted ceilings, stainless steel appliances & ceiling fans. The exterior holds two cozy back patios and the association maintains the exterior grounds. Priced at only $75,000!

The seller of this HUD home for sale may provide a closing cost credit of up to 3% to be included with the purchase of this home.

An approximate monthly payment for this HUD owned Nampa home for sale at the asking price of $75,000 while placing 3.5% down (4.25% interest rate—taxes and insurance(s) included) would be at or around $606.00  monthly—why rent?!?  **qualified 1st time homebuyers may be eligible for programs which offer $500 down payment options**

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Please visit https://trustidaho.com/search/#PropertyID=51648453 to view detailed information and additional photos of this HUD home for sale.

**INVESTORS—call me now if you’re sick and tired of your hard earned funds sitting in non-performing stocks or low interest bearing savings accounts.  The time is NOW to invest in real property that will obtain at least $650 per month in rental income (not to mention future pricing appreciation).

Interested in obtaining information on all HUD owned homes for sale?  I am happy to forward a list of available HUD owned homes within 24 hours upon obtaining your request.  Please call me at 208-869-3469 or send your request to:  matt@trustidaho.com

Call today for additional information or to view the interior of this or alternate HUD  homes for sale!

A New Housing Boom? Really??

The badly bruised and battered housing market is finally starting to mend.  In fact, some housing experts feel that we are headed in the directly of another “housing boom”.

Home pricing, sales and the construction of new homes has provided evidence that the housing market is in the midst of the recovery phase.  The Federal Reserve has kept mortgage rates near record lows and foreclosures are down.

While the majority of statistical economists feel that current housing recovery will provide only slow to moderate improvements in home prices, there is a minority of economists which believe that the rebound will be much stronger.  In fact, Barclays Capital filed a recent report forecasting that home prices (which decreased by more than ½ after the housing bubble burst in ’07) could be back to peak levels as soon as 2015.

Stephen Kim, an analyst with Barclays Capital states the following, “In our view, the housing market had undergone a dramatic over-correction during the prior 5 years, resulting in pent-up demand for housing purchases that would spark a rapid rise in housing starts”.

In addition, Barclays is “bullish” on its outlook and predicts housing prices to raise 5%-7% annually.

Numerous experts also forecast home construction to grow by at least 20% a year for each of the next 2 years. Using construction companies such as the one at www.buildcomconstructionwa.com.au, can help you save where you can and build the home you’ve been wanting.  Some believe that home building may reach its pre-bubble average of about 1.5 million homes a year by 2015—double the expected housing starts this year.

The housing recovery feels “real” this time around.  Looking across the United States economy right now, there are just a handful of industries which may achieve 20%-30% growth over the next 4-5 years and housing is an industry which may supply this type of return.

Still straddling the fence?  If so, call me directly to discuss the process of purchasing real estate.

INVESTORS–RENTAL VACANCY RATES STILL HOVERING AT ALL TIME LOWS!

The 3rd quarter Ada and Canyon County vacancy rates are in!  There have been consistent increases in monthly rental income along with increased demand for rental property—specifically single family residential homes.   Both Ada and Canyon Counties still have a vacancy rate of 3%–WOW!

All signs show that a continuation of rising rental prices and vacancy rates hovering at record lows will continue.

**INVESTORS—call me now if you’re sick and tired of your hard earned funds sitting in non-performing stocks or low interest bearing savings accounts.  The time is NOW to invest in real property that that will most likely provide a return on your money of 8%-12%. I can be reached at 208-869-3469 to discuss this opportunity further! 

View the Southwest Idaho Chapter of NARPM’s full survey report.

Want to sell more investment properties? There has never been a better time than now! Contact Park Place Property Management to learn more.

“MOVE IN” READY HUD HOME FOR SALE

“MOVE IN” READY HUD HOME FOR SALE

89 S Peppermint Dr  Nampa, ID  83687

Another great home to the market!!  Well-kept HUD home located w/in a quiet cul-de-sac location  near amenities of all types and containing 4 bedrooms plus a bonus/rec room, 2 bathrooms and 1460 square feet. Interior features include durable pre-finished flooring throughout the kitchen/living areas, vaulted ceilings, rounded corners, recessed lighting, ceiling fans, a split bedroom design and a separate bonus room/office. The exterior presents a fully fenced back yard with an East facing back patio. Priced at only $97,000!

The seller of this HUD home for sale may provide a closing cost credit of 3% to be included with the purchase of this home.

An approximate monthly payment for this HUD owned Nampa home for sale at the asking price of $97,000 while placing 3.5% down (3.85% interest rate—taxes and insurance(s) included) would be at or around $648.00  monthly—why rent?!?  **qualified 1st time home buyers may be eligible for programs which offer $500 down payment options**

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Please visit https://trustidaho.com/search/#PropertyID=51210325 to view detailed information and additional photos of this HUD home for sale.

**INVESTORS—call me now if you’re sick and tired of your hard earned funds sitting in non-performing stocks or low interest bearing savings accounts.  The time is NOW to invest in real property that will obtain at least $650 per month in rental income (not to mention future pricing appreciation).

Interested in obtaining information on all HUD owned homes for sale?  I am happy to forward a list of available HUD owned homes within 24 hours upon obtaining your request.  Please call me at 208-869-3469 or send your request to:  matt@trustidaho.com

Call today for additional information or to view the interior of this or alternate HUD  homes for sale!

Why Are Home Prices Rising?

Why Are Home Prices Rising?

Through July of 2012, home prices posted the largest year to date increase since 2005, according to the S & P/Case-shiller index which covers 20 of the populous metropolitan areas.

According to this index, prices rose 5.9% from December of 2012 compared with just a .4% gain for the same period last year and a 2.1% gain in 2010 (the tax credit fueled a burst of home sale activity during the year of 2010)

Below you will find some of the most asked questions about the real estate market and its recovery.  Remember, real estate is “local” and although the nation has seen prices increase 5.9%, the greater Boise-Nampa Metro area has seen the home prices increase over 10%.

ARE PRICE INCREASES LIMITED TO A SMALL SEGMENT OF THE MARKET? (FORECLOSED PROPERTY)

Nope.  Statistical data shows that the real estate price increases are being felt by all segments of the market.  Up 12% from 1 year ago are the median home prices of all homes—distressed or not.  Median prices of new home sales are up by 6%.

HOW COULD PRICES BE INCREASING WHEN THERE ARE STILL AN ABUNDANCE OF FORECLOSURES?

The share of bank owned homes which are selling has declined over the past 2 years even though the amount of foreclosures on the market is still considered to be historically high.  Foreclosed homes currently on the market are down by 24% from 1 year ago and 45% from 2 years ago.

Foreclosed property sales have decreased approximately 20% from 1 year ago while traditional home sales have increased 16% from one year ago.  Prices are obviously rising not only due to a low supply yet also because the demand has increased.

ARE BANKS STRATEGICALLY HOLDING PROPERTIES OFF OF THE MARKET?

There is little to no evidence that banks have an inventory of “ready to be listed” homes sitting on their books—just waiting for the right time to flood the market.  It’s true, however, that there are millions of homes/properties that are in the midst of the foreclosure process and it is still unclear when or how many of these homes will be foreclosed upon by the lien holder.  The actual volume of foreclosed properties that are currently being held by the banks is down by nearly 24% from 1 year ago, though.

HOW LARGE IS THE SHADOW INVENTORY?

The dreaded “shadow inventory” has decreased by more than 500,000 units in comparison to the amount of homes held at the beginning of 2012.  An estimate by Zelman & Associates discloses that there are 2.9 million properties which could be included w/in the shadow inventory category.

Shadow inventory is decreasing much more slowly than anticipated due to the banks taking longer to process foreclosures and the loan modification program not helping as many home owners as originally thought.   Experts predict that the shadow inventory will remain steady during 2012 before falling 20% by the end of next year.

ARE HOME PRICES GOING TO DECLINE FURTHER?

During the selling seasons (spring and summer), home prices tend to strengthen yet weaken in the fall and winter.  This said, it is important to monitor the year-over-year change in home prices.  If lien holders/banks continue to establish more foreclosure alternatives for homeowners “in trouble” and the housing demand remains at its current levels, then home prices have easily hit bottom and are approaching the self-reinforcing portion of the real estate cycle.

The largest risks to the housing recovery are weaknesses in job growth along with the broader economy/tighter credit standards brought on by mortgage regulations.