Treasure Valley Home Sales Set Record

Idaho's Treasure Valley single-family home sales and dollar value break records.

"Boise economist John Church said the (housing) boom was being fueled by double-digit increases in home prices that are characteristic of a "housing bubble" that could burst and send local real estate values crashing.

Church said skyrocketing home prices were the result of outside investors who are "enthusiastically" snapping up area housing in hopes of eventually selling at a profit."

Others like "Idaho chief economist Mike Ferguson was less concerned about the local real estate market, arguing that experts usually attribute fears of a housing bubble to areas of the East and West coasts, where home values are appreciating at "an even more dramatic pace."

Thanks to Jon Cecil, AICP

Full Story: Valley's home sales, prices soar
Tags: 

Comments

Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

New! 4th Edition of the Planetizen Guide to Graduate Urban Planning Programs just released.
Starting at $24.95

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $209

Stay thirsty, urbanists

These sturdy water bottles are eco-friendly and perfect for urbanists on the go.
$19.00

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $50.
$369 includes free shipping!