Rise in Home Sales Signifies Strengthening Market: Economists is the headline in dsnews.com. What does this mean for you?

According to economists, this means that we may start to see the house market slump improve. For the first time in several years, “home sales have been on the rise…posting a 5 percent increase in December.”  Though this in no way signifies a drastic change in the housing market, the steady rise is indicative of better times to come for homes sales.

Distressed and Foreclosure Homes

Distressed homes and foreclosures still make up a large percentage of the homes sales. However, housing inventory is on the decline for the first time in almost 5 years. This could mean that housing prices will stabilize or even grow, which is exactly what the housing market needs. Homes sales will likely go up and home sales prices will hopefully be close to bottoming out and may eventually lead to increases in sale price, which is good news for the seller. 

Good News for Economic Confidence of Consumers

Good news in the housing market will also be great news in regards to the economic confidence of consumers.  Many  economist are saying with the housing market possibly bottoming out in some areas like ours that the jobs created should  also increase in this sector.  New home construction will increase, more realtors will enter the market again, more supplies will be purchased leading to more jobs in the supply field, and on and on!

Boise Idaho Home Listings 

Check out these active homes listings in Boise Idaho area under $250,000 supplied by IDX/MLS that are updated daily: