Home Prices Expected to Increase Nearly 10% in 2013

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Home prices will be on the rise in 2013 according to expert forecasting.

Home prices are expected to rise 3.4 percent at the low and 9.7% at the high in 2013 according to J.P Morgan Chase & Co.  Although some might think that the estimate is “bullish”, standard & Poor said on Friday that it expects home prices to increase by at least 5% in 2013 which is a very good confirmation of J.P. Morgan’s estimate.

A convincing rise in “net demand” for housing this year has surpassed 2 million homes for the first time since 2006 which boosted J.P. Morgan’s estimate.  Net demand is the pace of existing homes sales less the amount of inventory of homes currently for sale.

HUD HOME FOR SALE

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2325 W Curlew Ave  Nampa, ID  83651

HUD home situated within a well-established community near services of all types and containing 4 bedrooms, 2.5 bathrooms and 1602 square feet. Interior features include an open living area, bonus room and an office/bedroom on the main level. The exterior holds a cozy front porch, durable vinyl siding, a southern facing back patio & RV parking potential.  The home is situated near the freeway and priced at only $96,000—that’s only $59 per square foot!

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 $96,000 while placing 3.5% down (4% interest rate—taxes and insurance(s) included) would be at or around $640.00 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=53998049 to view detailed information and additional photos of this HUD home for sale.

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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:  [email protected]

Call today for additional information or to view the interior of this or alternate HUD  homes 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).

HUD Home–Acreage Property!

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HUD HOME FOR SALE

18136 N Franklin Blvd  Nampa, ID  83687

HUD HOME sitting on nearly an acre and containing 4 bedrooms, 2 bathrooms, a bonus/rec room and 2172 square feet! Interior features include tile/travertine throughout, granite counters, vaulted ceilings, dual vanities, computer nook, oversized bedrooms & a split bedroom design. The exterior is fully fenced with sprinklers, an east facing covered back patio & a plethora of paved parking.  Just 5 minutes from the freeway and priced at only $84,000!

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 $84,000 while placing 3.5% down (4.25% interest rate—taxes and insurance(s) included) would be at or around $525.00  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=53803256 to view detailed information and additional photos of this HUD home for sale.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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:  [email protected]

Call today for additional information or to view the interior of this or alternate HUD  homes 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).

Mortgage Giants Halt Foreclosures for the Holidays

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Property owners facing foreclosure just received an early gift—they won’t be evicted from their home over the holidays.

Fannie Mae and Freddie Mac recently announced that they will halt all bank repossessions beginning December 17th and will not continue with evictions until January 2nd of 2013.

Fannie Mea is quoted as saying, “the holidays are a chance to be with loved ones and we want to relieve some stress at this time of year”.

Alternate pre or post foreclosure activities (notice of defaults, scheduling trustee sales, etc) will not be halted, according to a Freddie Mac spokesman.  All admin and legal functions will continue as scheduled, too.

Another mortgage services, Bank of America, will also halt evictions for loans it currently owns and those it services during the holiday season.  JP Morgan Chase, Wells Fargo and Citibank have suspended foreclosure sale dates in past years yet have not given any indication that they will be halting the sale of foreclosures this year.

This reprieve is different from the announced moratoriums on foreclosure eviction for super storm Sandy victims which continues through February.

Do you think that the bank is doing the right thing when halting foreclosure through the holidays?  All feedback is welcome . . .

HUD HOME–Hurry, it Won’t be Around for Long!

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HUD HOME FOR SALE

1955 W Crown Pointe Avenue  Nampa, ID  83651

Great Buy!   HUD home situated within a well-established community near services of all types. Interior features include an open kitchen/living area, oversized bedrooms, bonus room, gas fireplace, tile entry, rounded corners, recessed lighting & ceiling fans. The exterior grounds are fully fenced w/RV parking & a cozy back porch. Priced at only $140,000—that’s only $57 per square foot!

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 $140,000 while placing 3.5% down (4.25% interest rate—taxes and insurance(s) included) would be at or around $840.00  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=53595499 to view detailed information and additional photos of this HUD home for sale.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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:  [email protected]

Call today for additional information or to view the interior of this or alternate HUD  homes 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).

What’s Driving the Increase in Home Prices?

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There are 5 significant factors behind the increase in home prices as many real estate markets begin to see significant gains.  The driving force, per the Wall Street Journal, is as follows:

1)  Housing Affordability—housing affordability is bringing more buyers to the market that are looking to take advantage of historically low mortgage rates and homes prices in comparison to a few years ago.

2)  The rise in household formation—household formation is expected to reach 1 million new households this year which his up from 570,000 over the last 5 years.

3)  The increase in monthly rental expenses—has prompted more investors to purchase family homes for sale to rent out (and more renters to “2nd guess” why they are paying so much in rent when they could realistically purchase a home.

4)  The decline in short sales and bank owned property—which has fallen drastically in 2012.  Although distressed sales are still historically high, they have fallen from their peaks in most real estate markets.  This helps to alleviate the downward pressure on homes prices.

5)  Low Housing Inventories—housing inventories are at their lowest level in nearly 50 years.  Builders have cut back on construction and numerous home owners must wait for prices to increase prior to placing their home on the market.

Whether you are interested in finding out how much your home is worth or you are looking for a home to purchase, please contact me directly to help!  208-869-3469 . . .

Great Buy!!

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HUD HOME FOR SALE

811 E Hawaii Ave   Nampa, ID  83686

Wow, what a buy for this 2 bedroom, 1 bathroom HUD home containing just under 1000sqft and situated in a well-established location near St Al’s & the Northwest Nazarene University! Interior features include a hardwood entry, oversized bedrooms, ceiling fan, an open kitchen/eating area along with a sizable living room. The exterior is fully fenced with a storage shed & RV parking potential.  Priced at only $58,000!

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 $58,000 while placing 3.5% down (4.25% interest rate—taxes and insurance(s) included) would be at or around $450.00  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=52790194 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:  [email protected]

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

Comprehensive Housing Market Analysis for Boise City–Nampa Available Here!

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Housing Market Area:  The  Boise City-Nampa Housing Market Area (HMA), locally referred to as the Treasure Valley, consists of five counties in southwester Idaho–Ada, Boise, Canyon, Gem and Owyhee.  The principle counties of Ada and Canyon comprise 95% of the HMA population.  Located in Ada County, the city of Boise is the state capital and home to Boise State University.  Click the link below to view the details comprehensive analysis.

The Boise City-Nampa Housing Market Area Comprehensive Housing Market Analysis has been published and is available at www. HUDuser.org or by clicking the following link:   http://www.huduser.org/portal/publications/PDF/BoiseID_comp_12.pdf.

 

Idaho Ranked #2 for 2nd Largest Jump in Home Prices Nationally

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Home prices within the United States increased 5% in September compared with a year ago—the biggest annual increase since July of 2006.  Home prices in Idaho saw the 2nd largest increase in the country which provides even more evidence of a housing rebound.

Balanced price increases should provide momentum to the housing market when homes sales historically pick up in the spring.  Rising home prices entice potential buyers to purchase prior to prices rising further and also encourage more homeowners to sell their homes.

Prices have risen in all but 7 states.  Homes prices declined in only 18 out of 100 metro areas.

The largest pricing increases were within states that suffered the most during the housing decline.  Home prices in Arizona increased 18.6% in the past year—the most of any state.  In Idaho, home prices rose 13.1%–the second largest price increase in the nation.  Nevada came in 3rd with a home price increase of 11%.

Home builders have begun constructing new homes and apartment complexes at the fastest pace in more than 4 years.  More building permits have been issued in 2012 than seen in the past 4 years—a sign that many are confident that the home price increase trend will continue.

Sales of new homes jumped last month to the highest yearly pace in the past 2 ½ years.  Sales of both previously occupied and new homes are still below normal levels.  Partly because the supply of available homes for sale still is limited along with strict mortgage qualification guidelines.

Prices are continuing to rise.  Call me today to discuss taking advantage of the historically low interest rates and home prices!

NAMPA HUD HOME FOR SALE

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8149 E Ravalli Court  Nampa, ID  83687

Move in ready HUD home situated in a quiet cul-de-sac location & minutes to the freeway. Interior features include a tile entry/back splashes, transom windows, vaulted ceilings, a great room design, plant shelves & dual vanities. Both the main level office/den & upstairs bonus room contain closets and could 2nd as bedrooms. The exterior is fully fenced with RV parking potential.  Priced at only $108,000!

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 $108,000 while placing 3.5% down (4 % interest rate—taxes and insurance(s) included) would be at or around $687.00  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=51856063 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:  [email protected]

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