Current Boise Market

[Lucas Villanueva]

What do you guys think is going to happen in the Boise area? There are a lot of properties that are very overpriced. Is it worth to try to buy in this market or better to move to a different one?

People don’t make too much money around here. Most people that buy houses at the current market price are from other places like California.

What I see is that people that rent, are making Idaho wages, and will have a hard time paying the amount of rent that is needed to make current deals work. People from other areas buy new homes or if they decide to invest in real estate, they put a significant amount down. They buy their cash flow.

What do you guys think? 

[StacyA McBain]

Good crystal ball question @Lucas Villanueva. In short, as long as the in-migration continues, and the supply remains stressed, it's hard to imagine anything drastically changing. As/if those items shift, so would our market. So far, Covid-19 has only served to fuel the in-migration here. 

Stacy