While the housing crisis in the Treasure Valley, which is now reaching rural Idaho, is seemingly impervious to the economic effects of the coronavirus pandemic, it isn’t heating up alone in a vacuum.
In order to get a better sense of how Boise’s housing market stacks up to other major cities across the West, KTVB created a virtual tour comparing real estate listings in Boise to a dozen other cities.
During the 2021 legislative session, lawmakers passed a last-minute property tax cut bill.
Ferch, a property manager, said the bill would stop cities like Boise from instituting rental application caps.
Postings on Zillow had to have multiple photos, a photo of the exterior of the building, no personal vehicles parked in private driveways visible, and clearly stated square footage in order to be used.
The housing crash of 2008 was fueled by lenders granting subprime loans to people who were then forced to foreclose their homes once the economy began tanking and people started losing their jobs.
According to data collected by Boise Regional Realtors, the median home sale price in Ada County peaked at $239,400 in August of 2007.
According to Dr.
“The number of new starts, housing available since 2008, has been on the decline as demand has been going up.
“The home building industry was decimated and it’s once bitten, twice shy.
Moving forward, there aren’t any easy paths out of the housing crisis that has ensnared the Treasure Valley for the last few years.
“I don’t know, number one, I wish I did.