Foreclosure, Inventory Increase and PRICE Drops, 2023 BOISE housing market forecast

Top 6 predictions on what is coming to the Boise housing market.

We saw a 15-20% decrease in home price values last year. Will we see more price cuts? With signs of the FED holding interest rates high through 2023 will that make our housing affordability continue to decline?

With home affordability through the roof, how much more inventory will be brought to the market. If builders can't sell their current home inventory and landlords see more vacancies, what will happen to the Multi-Family developments?

If construction and the big tech (Meta, HP, Amazon, and Micron) layoffs come what will happen to Idaho's unemployment? These things could make for a perfect storm for the Boise housing market to crash,

Are you wondering about the current state of the housing market? Are you concerned about the potential for a market crash, or wondering if home prices will ever come down? Are you trying to understand why rent is so expensive? We aim to provide answers to these and other questions about the housing market in our weekly content.

If you're looking to buy or sell real estate in Idaho, follow our updates.

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Good News Realty Group LLC, located in Boise Idaho.

📲 Call/Text Direct at 208-800-9073
📲 Email: info@goodnewsrealtygroup.com
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Disclaimer:
Good News Realty Group LLC and Joshua Connell are not practicing tax accountants or licensed attorneys or financial advisers. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. If you need such advice, please get in touch with a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. Thank you for watching!

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