News Boise Idaho – Boise News & Events

Yeah! That is the sound that Some real estate professions made when last years tax credit for first time home buyers was granted a 7 month extension.

The first time home buyer tax credit helped encourage Many home buyers jump into the market who Many not have without it, boosting real the national realty market.

There are Some positions on this matter as with nearly all matters, that contradict and even oppose each other. Some tax payers are upset at the use of their tax dollars assisting someone else purchase a home. Give that all of us benefit from the economic stability that is brought by the tax credits, especially in the real estate business, and fields tied to it.

Many people point out that the tax break simply induces people who were already planning on buying to buy. If the tax credit wasn’t designed to be a short term help, then this point would have more credibility to it. Since Many of the buyers who are buying right now were obviously already looking, then the limited deadline of the tax credit will help them decide to buy sooner, rather than later.

Then, there is always the tax cheats. Some people who are not candidates to receive this credit will also try to cash in. If caught and convicted of the tax fraud involved some will face fines and jail terms that exceed any possible benefit they would have gotten.

Given that real estate prices were in a free fall, prior to the approval of the tax credit, it is a hard argument to make that says that they were not warranted. As the job market starts to rebound the realty market will find more buyers and will start to become much rosier in its projections.

With home prices lower then thay have been in years now is the time to grab up your dream retirement home in the beautiful state of Idaho. The fact is that the housing slump is going to end just as it always have and in a few short years record real estate price increases will replace todays dismal news headlines as the news of the day.

This means that the time you spend procrastinating is time that could be well spent looking for and preparing your retirement dream home in Idaho. In fact, in the greater Boise area, real estate prices never did slump but rather have been on the rise even through the present recession due to a steady influx of retiring baby boomer’s.

With the median price on a two bedroom home in the state of Idaho now standing at $200,000 and appreciation averaging at 12% for the entire state, not only is Idaho proving to be a beautiful place to live but also a great and “safe” place to put your property investment dollar.

The city of Idaho Falls is just one hours drive from Yellowstone national park and one hour away from Grand Titon national Park which makes it an ideal city for a retired couple with an RV and adventuresome spirits to call home.

Boise Idaho has for years received high ranking in numerous life style publications as one of the better small cities in the U.S. to live. Its home to BSU and is known for still retaining its small town feel and ambiance. Idaho is fast becoming the prime destination of California “refugees” who have grown tired of the traffic and high cost of living and are “cashing out” of the volatile California real estate market for a better standard of living in Idaho.

If you were to believe all that you hear on the news regarding home sales in the U.S it would seem that the market across the board has gone completely flat. The fact is however, that there are real estate market areas that have taken less of a hit and also there are some areas that have fared quite well through it all.

Idaho and the greater Boise area in particular is one real estate market area that has experienced a steady appreciation rate of 12%. just this last year. The reasons for its buoyancy are many but the most immediatly noticeable to the naked eye is that Idaho in general and most particularly Boise Idaho is beautiful and still quite an affordable place to live.

Of course, the best way to find the particular home that you are looking for is through an Idaho MLS or “multiple listing service” because they simply are going to offer the most choices for you to select from.

This is very important because if you are coming from a market area such as California or any of the other high priced real estate market areas in the U.S., you are going to have a far more to select from then you are used to.

With the average price on a two bedroom home running in the area of $200,000 in the greater Boise area you are will quickly see that you will get far more bang for your buck then you may have been previously used to.

If you are preparing to sell and are considering selling FSBO or “for sale by owner” then there are a few facts that you should consider. Studies have shown that only 20% of these types of sellers actually end up with a buyer this way due to the amount of BS that FSBO sellers have to put up with from potential buyers that want to bargain. This is why it is best to list with an Idaho real estate MLS right from the start and avoid the FSBO BS.

A lot of hard lessons have been learned in recent years about buying homes in boom-to- bust real estate markets in the U.S. Too many people who have been tolerating living in crime ridden cities all over the U.S. in the hopes of quick profits on their homes, have awoken to see all of their sacrifice was for not. Now they are being told that a recovery is coming, but it could take years and this is not good news for retirees who just don’t have years to wait.

A Place to Call Home

It was back in 2004 that the Wall Street Journal designated Boise Idaho as a “retirees oasis” and very little has changed since then. With the median price of a single family, detached home in the greater Boise area still averaging in the mid-$100,000’s, now is the time to take a good look at Boise Idaho as a potential place to call home.

Very Livable

What is it that Makes Boise Idaho and the greater Boise area such a desirable place to live and invest in? Its the little things, such as a low crime rate, well maintained tree lines streets and a healthy expanding business climate, along with an even steady, maintainable incline in real estate values, that are catching the eye of more and more home buyers.

Awakening Lost Dreams

Another enticement still, is that room for growth on its perimeters means that the dream to own acreage that so many people have had to let go, can be once again revived and in fact achieved. However; as anyone who has previously lived in up and coming growth markets like Boise knows, these types of opportunities don’t last forever. For it is only the visionaries who have the insight to act early, who reap the lions share of the financial rewards.

There are a lot of jokes that surround Idaho and the people who live there. One of the more popular jokes is that Idaho is actually a mythical place because it is rare that you ever meet anybody who is from that state. The truth is, however, that Idaho is a bustling state with a lot to see and do!

Idaho is known country-wide as a very conservative state. In the southern part of the state there is a large Mormon population that causes many residents to joke about southern Idaho really being Northern Utah. To be sure, the college in Rexburg is where many Mormon students go when they aren’t sure they are quite ready for a four year school and BYU in Salt Lake City.

The northern part of the state, however, is infamous for its white supremacist population. This population is a little less public about its actions than the southern Idaho Mormon groups. The neo-nazis and white supremacists prefer to keep their individual identities hidden. You won’t drive through town and find a local meeting hall for them. Instead, you are more likely to receive literature from one of these groups in the mail or find an independently published and printed newspaper sitting next to the town’s non-partisan paper in the news racks at the grocery store. Most Idaho citizens take a “look the other way” approach to these matters because, like all Americans, they believe in “even though I do not agree with your opinion, I’ll defend to the death your right to have it.”

The Native American population is also very active all over the state. Idaho is home to several festivals for Native American tribes and the communities that surround them are very supportive of these festivals and their residents.

In spite of a couple of large extreme populations (both religious and not) Idaho can be quite a nice place to live and work. The state is far enough inland that there are four definite seasons, and none of them are very extreme. There is some snow in the northern parts of the state, particularly at higher elevations, but for the most part, Idaho is very livable!

One of the things that most Idaho residents love is the easy access to the outdoors. Unlike other states in the Western US, Idaho citizens have no interest in building large metropolitan areas. The people here like to keep their lot sizes big and open and shop locally whenever possible. Idaho has fishing, hiking, horseback riding and a very active Fish and Wildlife Department. The southern part of Idaho has more of a desert feel, but there are still plenty of things to do!

When it comes to the physical environment, many people joke that the state often feels like driving through a person with split personalities. Up north are the beautiful mountains and lakes of Coeur d’Alene and down south is the dryness of Boise. No matter what your personal preferences might be for environment, you will find them somewhere in Idaho!

For more information on Boise, Idaho, visit http://www.boisemicroblog.com and http://www.idahomicroblog.com.