Page Last Updated: Monday April 11, 2011 10:18pm MDT
Housing By Diana Nguyen
Spring is in the air, and that means real estate sales are going up.
While many are renting, most realtors say it could cost just as much to own as it does to rent. Which is why this upcoming spring means a growth in real estate in East Idaho.
Realtor Chalmers Hass says,"The real estate right now is a fairly stable market even though you hear bad news about the economy."
Despite news about a tough real estate market, he says many factors will contribute to a boost in home buying this spring, "There's more listings coming on the market, more people are putting their house on the market. But there's also more buyers out there. So for buyers there's more to choose from, for sellers it's a good time to sell because you have more buyers."
Potential home buyer Jenna Wright says the time to buy couldn't have come at a better time, "There's a lot to choose from so it's just a matter of location I want to be at and deciding for the perfect home for me and my son."
Haas says, "This is a good time to buy because interest rates are low so monthly payment is going to be pretty low. Even people who are renting they can actually buy a home for the same amount as they are paying in rent."
For home buyers like Wright, she easily found a home for just as much as she is renting now.
Wright, I purchased a home in 2007 and interest rates were high, so me its just a good time to buy. I can purchase a home for the same cost."
Realtors say that once unemployment numbers improve, home buyers will gain more confidence to purchase. A growth in home owning is expected, as well as an increase in interest rates.
The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.
Regards,
Michael Hon
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com
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