Growth and recovery are not fast moving. On the contrary, it is usually done in small steps and in a crooked path. There are a lot of bumps that happen along the way so recovery is hardly ever a straight path.
Ups and downs are a normal part of real estate recovery. There is never really a nice, clean upward path when it comes to recovery and growth. Quite the opposite happens, actually. There are often a lot of zigzags that happen and ups and downs.
Boise real estate prices rose and fell through out 2010. For the better part of the year home prices increased steadily. However, the prices decreased again at the end of the year and in January of 2011.
This was not a surprise. Ups and downs are a normal part of recovery and the real estate market. There has already been an increase in home prices once again since last month.
It is a good indication that the market is working properly when there are ups and downs. We want to see fewer downs than we see ups, but that is not an uncommon thing to see. As long as they are not major plummets it is not anything to worry too much about.
You should also look in to real estate conditions with more than just the home prices. Home prices are important, yes, but so is the number of distressed homes on the market. If there are a lot of distressed and foreclosed homes this doesn't reflect well on the market.
There are a lot of foreclosures and distressed homes still on the market in Boise as of March 2011. However, the general forecast for this year shows that home prices will continue to rise steadily with Boise real estate.
There has been a continued rate of economic growth and a steadiness with retail sales and low interest rates.
Ups and downs are a normal part of real estate recovery. There is never really a nice, clean upward path when it comes to recovery and growth. Quite the opposite happens, actually. There are often a lot of zigzags that happen and ups and downs.
Boise real estate prices rose and fell through out 2010. For the better part of the year home prices increased steadily. However, the prices decreased again at the end of the year and in January of 2011.
This was not a surprise. Ups and downs are a normal part of recovery and the real estate market. There has already been an increase in home prices once again since last month.
It is a good indication that the market is working properly when there are ups and downs. We want to see fewer downs than we see ups, but that is not an uncommon thing to see. As long as they are not major plummets it is not anything to worry too much about.
You should also look in to real estate conditions with more than just the home prices. Home prices are important, yes, but so is the number of distressed homes on the market. If there are a lot of distressed and foreclosed homes this doesn't reflect well on the market.
There are a lot of foreclosures and distressed homes still on the market in Boise as of March 2011. However, the general forecast for this year shows that home prices will continue to rise steadily with Boise real estate.
There has been a continued rate of economic growth and a steadiness with retail sales and low interest rates.
About the Author:
To find out more about the Boise real estate market, contact The HELP Program, a real estate agency specializing in buying and selling Boise homes.
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