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Category: Boise Economy

Boise Economy

Investment Outlook for Boise in 2017

Demand for investment product is expected to remain strong in 2017. Buyers planning on a 1031 exchange may elect to put a replacement property under contract prior to marketing their current holding. This will lead to creative structuring of offers so that enough time is given to sell their current property and close on the replacement property. If 1031 exchange properties cannot be identified, investors may elect to sell while values are high and pay capital gains taxes.
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Boise's Housing Market: How healthy is it?

According to the Breanna Vanstrom of the Boise Regional Realtors, the market is healthy. Vanstrom presented this information at the mid-year housing update last month. She sited that in 2015, more than $2 billion in houses were sold in Ada County - a first since 2006. Home price medians are just 2 percent less than the peak in mid-2006.
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Boise ranks #1 in the US for lowest cost of business

KPMG, the audit, tax and advisory giant, puts out a study every couple of years that details which cities have the lowest cost to do business in the US and around the world. For a third time in a row, Boise has come in at the top of the list for US cities in the Pacific Northwest. Read the rest of entry »

Boise makes the cut for fastest growing cities in the US

Boise has made another top list of cities. This time for America's Fastest-Growing Cities of 2016 according to Forbes.com. To come up with the top cities, Forbes analyzed data such as future population growth, year-over-year job growth, unemployment, median pay rates, and each metro area's economic growth rate. They started with a pool of most populous 100 metro areas in the US and whittled the list down, based on the earlier mentioned factors, to the top 20. Read the rest of entry »

Could Meridian, Idaho be the best place to live in the US?

According to a recent article in USA Today, yes it is! 24/7 Wall Street studied 550 US cities with populations over 65,000 people and found that Meridian, Idaho is #1 based on a variety of factors including crime rates, employment growth, access to restaurants and attractions, and housing affordability. The study found that while a number of factors contribute to an individual's or family's relocation, jobs are the primary driving force behind a decision to move. 24/7 Wall Street found that 41 of the top 50 cities to live in had unemployment rates lower than the national average, and that all but 5 cities had faster job growth. Read the rest of entry »

Single family sales continue to surge, up 25% over 2015

In June the Boise real estate market saw a 25.4% surge in closed sales over 2014 and a 13% jump from May.  There were 1092 closed sales in Ada County, the busiest month of 2015 so far by a long shot. This caps a several month long run of double digit increases in year over year sales.  There is a sign that the trend might moderate slightly in the next couple months because pending sales, a good indicator of future closings, peaked in April and have dropped slightly in each of the last 2 months.  This would suggest fewer closings in July and August.
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Would you lease space for $50 per square foot in Boise?

Amazon.com & Facebook just did. It must be said, right off the bat, that these deals did not occur in Boise. These two online giants just leased a combined 1.1 million square feet of Class A office space in Seattle. The asking rates for the buildings leased were roughly $32-$38 per square foot, and that doesn't even include the building's triple nets (NNNs). Read the rest of entry »

Boise: #1 on Forbes for where the jobs will be this spring

Job seekers looking for work in the next 3-6 months should look here in Boise, according to Forbes. The Manpower Group, a staffing giant based out of Milwaukee, ranked Boise as the top spot to find spring work. The net employment outlook for Boise is 32%. This means that 32% of the companies polled by Manpower group in Boise responded that they planned to hire more staff in the coming months. Manpower polled a total of 18,000 employers in 100 metropolitan areas to come up with each area's net employment outlook. Read the rest of entry »

Pending single family home sales up 24% over 2014

Inventory is dropping and prices are increasing steadily…the outlook for 2015 is good. January 2015 was another solid month for the Boise Real Estate Market with all the major indices headed in the right direction or at least remaining fairly stable within the “healthy” zone.  While sales volume was flat compared to a year ago, pending sales, an indicator of future closings, were up 24.3%.
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Boise lands on Forbes Top List to Retire

The City of Trees made it onto Forbes Top List to Retire in 2014 earlier this month. Forbes considered 400 cities from every state when building its list and looked at factors such as cost of living, home prices, state tax climates for retirees, local unemployment rates, climate and medical care options. Read the rest of entry »
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