© 2025 Boise State Public Radio
NPR in Idaho
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
00000176-d8fc-dce8-adff-faff71570000The Boise-metro market was hardest hit in Idaho's housing crisis, with foreclosures concentrated in Ada and Canyon Counties.Idaho’s housing boom was centered around its two main metropolitan areas, Boise and Coeur d’Alene.John Starr of the global real estate company Colliers International had a front-row seat as capital poured into the local housing markets in the years preceding the bust.When he thinks of the early 2000s, he remembers watching land prices rise with demand, and house lots shrink. What the area wound up with, he says, were more and more subdivisions, packed tight with houses.Census data show that the state’s population grew by more than 28 percent from 1990 to 2000, and by more than 20 percent from 2000 to 2010. Starr said that's due in large part to growth at Micron Technology. That growth, in turn, fueled Idaho's housing boom.“The reason we were doubling the national average growth rate was we were moving in a whole bunch of people that we couldn’t produce here in Idaho, namely electrical engineers and so forth to work at Micron. The data points that people were looking at that were helping them make decisions about coming to Boise and deploying capital and building and helping us grow – those data points were skewed.” - John Starr, Colliers InternationalAccording to Metrostudy, a housing and data information company, Boise’s housing market began to bottom out in 2009.

Home Prices Continue To Drop In Some Northwest Cities

Home prices continue to fall in much of the Northwest. New figures released Tuesday show yet another drop in both Seattle and Portland. 

The S&P/Case-Schiller Index measures housing prices in 20 large metropolitan areas around the country. The newest figures are through January and in them, both Seattle and Portland hit new lows for the current economic downturn. Average home prices in both cities are down about four percent from a year ago.

Steve Thoele is an agent with Keller-Williams Realty in Portland. He blogs about housing trends in Oregon.

"I think we're going to see a period where it's going to be kind of flat for a while before we see much price appreciation," Thoele says. "One of the unknown variables is how much distressed inventory is going to be coming onto the market in the spring and summer seasons. And by distressed, I mean bank-owned properties."

Seattle and Portland fared slightly worse than the nation as a whole in the latest Case-Schiller Index. Only three cities—Denver, Detroit and Phoenix showed improvement.

Boise did not appear in the Case-Schiller index because of its size. But the director of Brookings Mountain West tells our Stateimpact Idaho team, Boise is one of the western cities were the housing market is improving. Robert Lang says cities that fared the worst in the housing bust -- like Boise and Phoenix — are beginning to reap benefits from their dramatic falls.

It’s a competitive advantage, he says, to have cheap real estate when you’re recovering. 

You make stories like this possible.

The biggest portion of Boise State Public Radio's funding comes from readers like you who value fact-based journalism and trustworthy information.

Your donation today helps make our local reporting free for our entire community.