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More Signs of Strenthening Real Estate Market

Boise Idaho Vacancy Rate:

On Wednesday our vacancy rate hit 3.3% due to the first of the month move outs.  Due to the turn-over time it takes to prep a unit for rental, the vacancy rate will drop as new tenants move in.  This is the typical pattern of high vacancy at the first of the month, lower vacancy at the end of the month.

Signs of Stronger Real Estate Market:

Below is a link to an article in the Wall Street Journal regarding signs that the housing market has hit bottom and the bidding wars between buyers.

 

Low Interest Offers:

The rates below are offered by a local firm.

CONV Investment 1 Unit *CONV 5/1 ARM 7/1 ARM US RD30 Yr. Fixed 75% LTV 3.750%
4.250% 2.875% 3.125%
 
Zero Discount Points/Fee ---.500 Points/Fee-------- Zero Fee
*JUMBO 30 Yr Fixed CONSTRUCTION/PERM
$417,001 to 1 Million 30 Yr Fixed4.875% 5.250%
.500 Discount Points/Fee 1.00% Discount Point/Fee
-----PORTFOLIO LOANS------
30 Yr Fixed 15 Yr Fixed 5/1 ARM
6.375% 5.875% 5.500%

Tony A. Drost
http://www.frpmrentals.com/
http://www.boiseinvestmentproperties.net//
First Rate Property Management, Inc
Boise, ID

 
 
05-03-2012
Tony Drost
Fair Housing
04-12-2014

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