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Boise homeowners, you re getting richer: Idaho ranks 2nd in U.S. for home-equity gains David Staats, The Idaho Statesman
Mar. 12 The Treasure Valley trade association for real estate agents is looking on the bright side of the Boise area s skyrocketing house prices. Rising home prices are good news for prospective sellers, allowing them to utilize any equity gained to help with the purchase of their next home or a variety of other opportunities, the Boise Regional Realtors said Friday in a news release.
In fact, Idaho homeowners gained an average of $48,500 in home equity from 2019 to 2020, according to a new report by CoreLogic, an industry research firm. That s more than homeowners in any other state except California, where homeowners gained $55,000.
Ada County s median home sale price has tripled since 2011
While the low median home sale prices in the wake of the Great Recession may look great, those low home prices came at the cost of foreclosures. Author: Devin Ramey Updated: 4:39 PM MST February 17, 2021
BOISE, Idaho If you re looking for a deal on a home in Ada County, it may be cheaper to invent the time machine and go back to the wake of the Great Recession to find affordable homes.
Based on data published by Boise Regional Realtors, an association based in the Treasure Valley that collects home sale data from its members, Ada County s median home sale price has more than tripled since 2011.