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Ken's Real Estate Review
January 2023

  Ken Sugarman

   Residential REALTOR®
   Direct (208) 585-1032 

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Brought to you by Boise Regional REALTORS®

Compared to the last several years, 2022 brought a new set of challenges and opportunities. Demand for housing peaked during the pandemic, with too many buyers chasing too few homes, which lead to bidding wars and a highly competitive market. The Fed’s efforts to reset the housing market to bring balance and slow price appreciation have made 2022 a transitional year.

The increases in mortgage rates due to Federal Reserve rate hikes in the second half of 2022 lessened demand for housing, resulting in lower home sales and downward pressure on home prices.  Ada County ended the year with 20.8% fewer total sales than in 2021, and the lowest number of sales since 2014. Higher mortgage interest rates, combined with the swift home price appreciation in the last several years, have impacted buyers’ purchasing power and ability to afford increased monthly payments. As a result, some buyers have made budget adjustments and others have pressed pause on their home search...CONTINUE READING

 Looking for some fun things to do this winter?  Check out our event calendar HERE for the latest local happenings.  Some events may change, so please make sure to check the website links for the most up-to-date information.
Is Boise Like Austin 20 Years Ago?
Lessons from Texas' Capital City Provide Clues to Boise's Possible Future
By BoiseDev

Boise’s growth boom is changing the City of Trees like never before and leaving elected officials with an ever-growing list of challenges.  But Idaho's capital city isn't alone.

Decades before Boise’s growth (and the housing crisis that came with it) picked up speed, Austin, Texas tread much of the same ground. The Lone Star State’s capital may be 1,600 miles away, but Austin and Boise share many similarities. They’re both blue cities in red states, host a research university, lack a strong public transportation system, and are experiencing rapid growth due to quality of life and a strong economy. 

Twenty-five years ago Austin’s metro area was the same size as the Treasure Valley is now. Looking at Austin gives Boiseans an idea of what challenges could be in store for our city’s future and how Austinites wish they prepared for their current moment. It’s not perfect, but it allows Idahoans a little glimpse ahead in time...CONTINUE READING
It was most reassuring to have a man of integrity handle our recent purchase of our home. He went above and beyond in terms of counsel, service, and attention to details. ~Cindy Kenagy 
Read more of my client testimonials HERE.  

I'd Love to Help You Buy a Home in 2023!
Happy New Year!   If you have been frustrated by inflated prices, bidding wars, and having to release all your protections as a home buyer just to have a chance due to the market the last few years, 2023 is looking up for you as a buyer!   Check out THIS ARTICLE on why things are looking good for buyers as we begin 2023.  I am excited to help you find that home you have been waiting for!  If you'd like to talk more about the market and how it might affect your personal buying or selling decisions this year, please give me a call.  I'd love to get together!
Recommended Service Providers
Doing any home projects, maintenance, or repairs? Check out our Homeowners Resources page HERE, where we've listed several different service providers we've used personally or who have been recommended to us.  We are always updating this list, so if you have contractors to recommend, please email my Broker!  
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TripleCord Real Estate · 3635 S Weathered Ave · Boise, ID 83706-5466 · USA

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