At a recent ULI Conference, local and national experts discussed housing trends in fast-growing Boise Metro area, and urged developers to build more low-cost homes.
"If you are in the market for a high-end house, you're in luck.
If you're in the market for a low-priced house, take a number and stand in line.
If you are a builder or developer, you might want to re-read the above sentences before deciding what kind of house to build.
That's the message from local and national real estate experts in response to the recent downshift in the (Boise City-Nampa MSA) Treasure Valley housing market."
"Idaho is ranked third nationally for growth. Experts predict the Gem State will hold that spot through 2030, provided key players - developers, lenders, business and political leaders - pay careful attention to the market."
"The Ada County median household income has stayed flat for the past few years at about $56,000, while home prices soared 50 to 60 percent during the same period, said Starr, with Colliers International Boise office."
Thanks to Jon Cecil, AICP
FULL STORY: Affordable Housing Lacking in Valley
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