Boise Idaho is a beautiful and thriving city located on the beautiful Boise River, which flows through the middle of Idaho. It is a popular tourist location with many tourists staying in Idaho`s capital to escape the cold winters of the north. Real estate here has experienced rapid growth in recent times as the city has outgrown its original housing market. This growth has made it an attractive place for new homebuyers and has helped the city to improve its credit rating. The growth has also helped the local economy as more people are able to afford living here in an appealing fashion.
The Boise Economy
In these economic times more people are realizing that they want to own a piece of real estate within this scenic area. Population growth has resulted in more people buying homes in areas like Springdale, Idaho Falls and Twin Falls since they are cheaper than surrounding areas. Areas closer to the Spokane area have a higher cost of living but offer better amenities and employment opportunities. Areas further away from the Spokane metropolitan area have a smaller population and less employment so prices are often cheaper.
The Boise Real Estate Market
Homes are selling faster than ever in spring, due to the slow population growth and high unemployment. The weak economy has made it difficult for people to buy property because of the current state of the housing market. Real estate sales are down in other areas including Cedar City, Boise Idaho; Seattle; Las Vegas, Nevada; Bismarck, North Dakota and everywhere else in the state of Idaho. However, the housing market in Idaho is beginning to pick up with some good deals in housing foreclosures and the possibility of more residential and commercial construction projects in the future.
The Population Growth in Boise
The number of people moving to this area of Idaho is still growing every year. Real estate values have appreciated significantly in the past few years and this has made housing much more affordable for families and individuals. The city`s population growth will need to keep up if the real estate market is going to continue to prosper in Idaho. Boise is a vibrant city with plenty of employment opportunities. In addition, it is a beautiful city with a very distinct architecture.
Idaho`s Fastest growing City
The downtown area of Boise has seen a dramatic increase in population over the past five years. There are now more than thirteen thousand people living in the downtown area of Idaho. The Boise International Airport is one of the largest airports in Idaho with two million passenger flights arriving into the city each year. The growth of the downtown area and the number of new businesses opening in the area are helping to support the increasing number of people moving into the city of Boise. The city`s booming real estate market and the number of new businesses and jobs moving into the area are spurring on the rise in population.
Homes are selling faster than ever in spring and summertime, but slower in the fall and winter months. As the economy and job markets improve the housing market will once again support a greater number of sales. The Idaho State Real Estate Division says that the trends that we are seeing are a natural result of our changing economy.