Idaho is number 1

[kwsr166]

You think back to the late 80's an early 90's folks would camp out at new subdivisions in SoCal to be first in line to buy. Our second house purchase was put your name on a list and get notified when homes are released. We met on a Saturday morning and they went down the list order and you could select from what they released or pass.

The thing about ID with the weather being more severe they need to be tight and dry. Also, can be scary with them building them so fast and the Home Warranties here different from CA, so your Home Inspector needs to be spot on at purchase and again at month 11.

[colossians323]

Not in Idaho, but my Dad had a Condo in Eden, Utah (Ogden Valley) and I put it on the market this summer after his passing. The realtors said it should be an easy sell, but after dropping the price twice it still sits, and not much is moving in the area. Interest rates have definitely slowed the market, and cash buyers seem to be waiting to see where things end up.

sorry to hear. I think the same thing is happening in ID in the normal residential housing track neighborhoods.

but now there are two sale pending in our neighborhood. One for 1.1 million, and one for 599k. Absolutely shocking.
The buyers on one is confirmed to be from Cali, the buyer on the second I bet is from Cali.

[Senko]

IMHO the TV home prices are overvalued when compared to pre-2020 values. OTOH I'm not sure what will force the prices down outside of a lot of people losing their jobs.

Like it or not, many people like what ID has to offer. Although I hear some people think they might not like the winters here, most that don't come or want to leave don't like that it is a "conservative or red" state.

Homes generally cannot be timed to enter or exit at the best time because they are homes we live in with families. The best one can do is to make the best decision based on available data at the time and ones circumstances.

I'm in the process of moving our oldest son, DIL and two grandsons. After discovering the challenges in qualifying for a mortgage when relocating from another state and starting a new job with a new employer they moved up their plans by 6-8 months. The home they closed on had been on the market since April and once the sellers made the most recent price cut they received three offers.

There is a good deal of pent up demand for homes and if someone can find one that matches what they want they will move on it. If a buyer can find a home they can stay in for 5-10 years they will likely be okay.