By most indices, the Treasure Valley is the fastest growing region in the country, rapidly driving up property values. But unlike similar booms in Atlanta, Phoenix and Las Vegas, new housing starts are not matching the explosion in population.
While current homeowners are thrilled to see their values skyrocket, those prices are pushing newcomers to the housing market further away from Boise in search of a deal. Listings are fueling bidding wars; cash offers 10-15% over list is becoming the norm with homes closing within hours of their listing.
Idaho Matters discusses the state of real estate in the Gem State with Breanna Vanstrom, CEO of Boise Regional Realtors and Heather Jauregui, a loan originator with Prime Lending.