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Boise Housing Market Heating Up Despite Higher Construction Costs

Boise Housing Market HOT!:

The below article in the online Idaho Statesman claims that home sales are heating up in Ada County right now.  Most of these properties are receiving multiple offers higher than the asking price.
ada-housing-market-rallies


Construction Material Costs Rise:

This article states that construction materials are starting to climb higher due to higher demand, curtailed production and shipping costs.  Others site inflationary factors are the cause.
construction-costs-rise

 

First Rate Property Management Vacancy Rate:
Spring has sprung!  Current vacancy rate for the first week of March is 2.9%.  We have some one bedroom apartments near Boise State University that are not moving fast, otherwise our vacancy would be closer to 1.5%.  Inquires are coming in faster and faster as the weather gets warmer.  A large percentage of these inquires are still asking for May move-in dates. 
Robert Waldron
SPD
First Rate Property Management
03-21-2012
Tony Drost
Fair Housing
04-12-2014

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