4 Tips: Housing Market Strategy

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New Ways To List Your Home

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Boise Home Prices—Chart

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Fall Parade Of Homes in Oct.

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Help With Credit Scores

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Boise Housing Market Trends

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Boise ID

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Brought To You By:

Oct—Nov 2012 BROKERS Front Street Brokers.com

Front Street Brokers Luxury Home Sales & Investments Ph 208.740.5000, Fx 208.441.0292 877 W Front Street, Boise Id 83702

Boise—1st in US

Most Improved Housing Market

PAGE 2

Idaho—2nd in US

Most Improved Home Prices

PAGE 3

189 S. Moon Beam, Eagle

2647 E. Plateau, Boise

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Local Market Gets National Attention

With the largest year-over-year gain in the Real Estate Strength Index (RESi), Boise, Ida-ho was recently named the most improved real estate market in the nation by CoreLogic, a leading property and analytics corporation. The RESi is a monthly index that ranks and compares quality, sus-

tainability and health of metropolitan housing markets. Boise, Idaho leads the nation for many economic rea-sons, including significant improvements in their unem-ployment rate, job growth in construction, shrinking foreclosure inventory, and large gains in home prices over the past year. See the ranking chart from CoreLogic below. The silver lining in this study is that all the cities men-tioned had markets most severely effected by the hous-

ing crash. And while the list is not of the strongest hous-ing markets, they are all the most improved. Market improvement means that the market has begun to re-verse itself--and for places like Boise, recovery is hap-pening much faster than economists predicted--helping more homeowners regain lost equity. For buyers who have purchased a property in Boise over the last couple of years, it means that your investment is not only hold-ing value but showing signs that appreciation is finally on the horizon. So why and how is Boise leading the pack in real estate recovery? Well, much like the local football team, the Boise State Broncos, Boise is accustomed to being the underdog. And being the underdog, it doesn’t take much to get national attention when you achieve something great unexpectedly. Paralleling the national headlines made by the Boise State Broncos for the last 5-6 years, the city of Boise has also received numerous national media mentions about how great a place it is to live and work. Last month, for instance, Boise was named by Forbes as the 2nd Best City in America to raise a family, and Outside magazine puts

Boise at the top of their places to live and play (see here and here). This frequent media attention has helped spread the word about how great Boise is to live, work, and play, and people from all parts of the United States are starting to migrate here. Many bring their jobs with them, as a large percentage of families relocating to Boise move for lifestyle and work from home. Boise’s popularity, affordability, and family- and business-friendly environment compared to other regional cities has been a key component in helping the local real es-tate market bounce back faster than other markets. With all the positive trends Boise is experiencing right now, it will likely continue to remain one of the nation’s most improved housing markets for years to come.

By Mike Turner Boise Real Estate Agent Front Street Brokers—Market Leaders PH 208-740-5000

Boise Real Estate Ranks #1 Nationally

The balance of non-

distressed sales vs dis-

tressed sales has im-

proved to levels we have

not seen since 2008,

nearly 5 years ago.

The swift decrease in

foreclosures and shadow

inventory across the

nation is helping to push

home prices up after a half decade of persistent

declines.

The states with the sharpest declines of on market fore-

closures are also experiencing the strongest gains in

home prices. Arizona and Idaho currently lead the

nation in year over year home price increases. Both

have experienced double digit gains from 2011.

Taking a close look at the Boise Idaho real estate mar-

ket, one can see the grip of foreclosures is no longer

dominating the sales of homes. In 2011, approximately

half of all homes sold for the year were distressed sales. For 2012 the percentage of total sales that are

distressed is now one quarter of all sales. Comparing

the first 2 quarters of 2011 with the first 2 quarters of

2012, the Boise market saw a 41% decrease in the sup-

ply of distressed inventory, and a 42% decrease in the

total number of distressed sales, which has had no

small impact on area home prices. Boise Metro home

prices are up over 20% year to date.

The fear of further setbacks in housing is greatly sub-

dued since all the leading indicators that threaten home

prices are diminishing. The rate of new delinquent and

severely delinquent mortgages has been dropping

steadily according to new data from CoreLogic.

Even the chief economist for CoreLogic, Mark Flem-

ing said, "Home prices are responding positively to

reductions in both visible and shadow inventory over

the past year. This trend is a bright spot because the

decline in shadow inventory translates to fewer dis-

tressed sales, which helps sustain price appreciation."

To see any further decreases in home prices the market

would get many early warning signs, such as a swelling

of new foreclosures on the market.

Home sales don't have to increase for home prices to

go up, which is good since we are still experiencing a

sluggish economy. The low supply of homes and re-

duced pressure from foreclosures will allow the market

to absorb the current supply of foreclosures and even

seasonal slow downs.

2012 will prove to be the tipping point for housing, as

the majority of housing markets begin their slow assent

to modest appreciation patterns. And Boise, Idaho’s

market should continue to be one leading the charge.

By Mike Turner Boise Real Estate Agent Front Street Brokers—Market Leaders PH 208-740-5000

Idaho is #2 - In Home Price Gain

ADA COUNTY 2012 MEDIAN

HOME PRICE GAINS

Page 3

Gorgeous Tuscan-Estate on 4.49 waterfront acres in Eagle’s Moon Lake Ranch. Enjoy stunning views of a willow tree lined stream and the lake just beyond it. Custom pool is surrounded by multiple entertaining spaces, including the guesthouse (which also doubles as a pool house). The 4.5 acres is on two lots, and the second lot can be built on and would have awesome views of the lake. This home was designed to impress, entertain, and provide comfortable luxury living. You will not be disappointed. Not only is this home one of Idaho’s finest, it also has waterfront acreage in Eagle’s renowned Moon Lake Ranch, a unique and stylish custom pool, plus a fully detached guest house. This home stands out like no other. Home is less than a year old; current asking price is a small frac-tion of what the replacement costs would be. Make arrangements to see this home now, before it’s gone. Home was completed in 2011. Sellers have just dropped the price 200K. Hurry, this is the best home in it’s class for Eagle Idaho.

OWNER FINANCING OPTIONS AVAILABLE.

189 S. Moon Beam, Eagle Idaho

MORE DETAILS, PHOTOS, & VIDEO @ FrontStreetBrokers.com/189-Moon-Beam

Mike Turner - Luxury Home Broker

Owner - Front Street Brokers Mike@FrontStreetBrokers.com

Office 208-740-5000, Mobile 208-340-8399

Two Lots – 2nd Lot Buildable Total Acreage: 4.49 Acres Total Living Space: 6,282 sqft Main House: 4 Beds, 4.5 Baths Guest House: 1 Bed, 1 Bath Heated Travertine Floors Chef’s Kitchen – 4 Ovens! Guest House Has Full Kitchen

$1,199,000

189 S. Moon Beam, Eagle

2647 E. Plateau Drive, Boise

Frank Lloyd Wright Inspired Estate With City Views

MORE DETAILS, PHOTOS, & VIDEO @

FrontStreetBrokers.com/Plateau

Mike Turner - Luxury Home Broker

Owner - Front Street Brokers Mike@FrontStreetBrokers.com

Office 208-740-5000, Mobile 208-340-8399

$1,263,900 MORE DETAILS, PHOTOS, & VIDEO @

FrontStreetBrokers.com/Plateau

Own a private world in Boise just minutes from downtown! The Plateau residence exemplifies the organic architecture, open floor plan and simplified construction as an homage to American architect and interior designer, Frank Lloyd Wright. Glass windows in every room of the home bring a symphony of natural light and breath-taking views of the city. Located in an exclusive street at the end of a cul-de-sac. Very close to downtown. For a video of this incredible home, search "Secret Plateau Boise" on Youtube.com Almost an acre so you have room to breathe and not look directly in a neighbor's window! The back patio alone is worth a visit to this great home. Pet friendly, as it has its very own pet (or art) studio in one of the two garages (owners will con-vert back to garage upon request). Set up currently as a 3 bedroom home, but could easily use lower level as bedroom/apartment and have 4 or 5 bedrooms. The Sun/Yoga room will impress anyone who sees it. This home just exudes relax-ation and high end comfort. Call Mike at 340-8399 to see it today!

HOME FEATURES:

5792 Sqft of Living Space

Private Gated Driveway

Large Lot: 0.79 Acres

Frank Lloyd Wright Designs

Designed For Entertaining

Commanding City Views

Privacy Enhanced Fencing.

Enough Space To Add a Pool

Walk to Amazing Trails

Close to Downtown

3 Bedrooms, Could be 5 Beds

Surround Sound Throughout

Has a Yoga Rm & Art Studio

4 Tips for Taking Advantage of Low Rates & Home Prices

I believe we are seeing the sun set on opportunities to purchase a really good deal on a home in this Boise real estate market. Not only is the Boise median home price up over 20% year to date in 2012, but foreclosures are becoming extinct and inter-

est rates will go back up, which will effect buyers’ ability to

purchase more than home price increases.

If you have any desire to take advantage of the affordable op-

portunities in real estate, then you better get the ball rolling.

You may have already come to this conclusion, but if you are like most homeowners, you need to sell your current home to even consider buying a home. So there lies the catch twenty-

two. You are stuck. Or are you?

Here are four recommendations for anyone wanting to take

advantage of rates and home prices now.

1. Take Action Now

Call a knowledgeable real estate agent and invite them over to see your home. They can easily determine what your home would sell for in today’s market. My agents at Front Street Brokers are trained and experienced at determining market price and can give you tips on inexpensive improvements that

can have a big impact on selling price.

Even if you are just kicking the idea around but are not serious about buying or selling yet I would still advise you to invite a professional over to your home to find out what your home should sell for in this market. They might also recommend modifications to your home that would be worth considering if they brought a significantly higher price in the event you were

to sell your home.

Front Street Brokers provides this service all the time to home-owners, so don’t be shy about asking. It doesn’t take us long to analyze a property and we do it every day. Folks are often

surprised by how much (because prices are on the rise again) or how little (because home prices are still well below peak)

their homes will sell for today.

The benefit of getting advice is it helps determine if selling is the right decision now or if it is better to wait. The costs of waiting could outweigh the costs of staying put. It depends on

your situation.

When I got my degree in Business, my professors often talked about “Opportunity Costs.” How much will it cost you if you don’t act on a current opportunity? That is something you

should try to answer now to see if it changes your action plan.

2. Sell or Rent Your Current Home?

I have many clients who have recently elected to keep their current home and rent it out rather than selling in this market. Rent prices in the Boise real estate market are up significantly over the last year or two. If you have recently refinanced your

home to these historically low rates then there is a good chance

you could exceed covering your current expenses by having a

renter in your home.

Renting out your current home is not the ideal situation for all homeowners. Often it is best to just sell your home before making any big moves. But if you prefer to wait for home

prices to increase another 15% or more before you sell, then it may be a good option to rent out your home so you can buy

today at the lower rates.

3. Figure Out The Logistics

The logistics of renting out your home so you can buy another one can be tricky. If you are financially sound enough to pur-chase before renting or selling your current home, then you have a lot of options. On average it takes less than 30 days to identify a quality renter for your home. Demand is still very high for nice homes to rent. So you can purchase a new home,

move into it, and then find a renter for your old home.

However, if you don’t have the luxury of buying a home until you rent or sell your current home (because you can’t get fi-

nancing until you do), then logistics are much tougher. Many lenders will want to see that your home has closed or see 3-6 months of rent payments before they will approve a loan for you to purchase. You can find out what a lender will want to see in order to give you a loan if you follow step 1, and take

action now by asking a lender or two about it.

I have a few clients who really wanted to buy or build a home at today’s prices and rates, but couldn’t get the price they needed to sell their home. So they looked for a home to rent (some chose a home nearby, others picked a fun new place to

live temporarily, like downtown or a resort area like McCall). They rented out their home, and then 6 months later or more purchased or built a home they really wanted. This action may seem risky or difficult. I can tell you that my clients who made such a decision were nervous about it too. But they decided it was worth the risk because if interest rates went back up to 6%, or home prices or lot prices went up significantly, then the home they wanted to buy would be out of their reach or out of

the zone of what they wanted to spend.

4. Determine Your Risk Tolerance

I understand this dilemma all too well. I purchased my last home in 2006. I could sell it today, but I could also wait for home prices to get closer to what I paid for it. There is a home on the market that I really want that would be the perfect fit for

my family; however it is at a higher price point than my cur-

rent home.

If I bought this other home today at 3.75% interest rate, then it would be well within my budget and I would get what I want-ed. However, if I waited until my current home increased in value before selling, the other home, if still available, would be out of my reach if interest rates jumped back up to 6% (which

they were a few years ago).

My payment on my home is $1200 a month; the market rent for my home is about $1400-1500 a month. So I could make the move, the question is should I sell or should I rent? The answer is different for everyone, as we all have different cir-

cumstances and preferences.

Understanding your options and the pros/cons of making a move now or down the road is essential for determining the best outcome for you and your family. My best advice to you is to make a decision now to get more information. Infor-mation is the power you need to determine the best course of

action.

Taking no action now could cost you more or close the door

on options down the road.

Don’t be shy to ask for advice or help in determining your options right now. We can help you discover the current value of your home, recommend a good lender, answer your ques-

tions about the real estate market, and more. You can call me

personally or any agent at my office at 208-740-5000.

–Mike Turner

Mike Turner is the Founder and Owner of Front Street Brokers. Mike’s mission is to develop a new class of real estate agents that leads the industry with market knowledge, innovative marketing, and creative solutions for their clients. Mike has owned and oper-ated his real estate brokerage since 2007. Mike is married to Amanda Turner and has 2 daughters, Emilia and Ivy.

Page 8

Homeowners—You Have Options

My team and I at Front Street Brokers are quickly becoming known in our community for our ability to sell homes while providing homeowners options. If you speak to 10 listing agents you are likely to get quoted the exact same fee from all 10 agents. We are happy to report to you that we have developed op-tions to help you save thousands, sometimes tens of thousands of dollars when selling your home, without having to settle or compromise on the marketing of your home. In fact I am extremely confident our listing marketing is second to none, yet we still charge less for our services compared to 98% of all agents!

If you would like to sell your home sometime in 2013 you should… 1. Contact my team now. Timing on when you list your home to sell is extremely important, there are also many easy and inexpensive projects you can do around your

home now that will help you net thousands more when you sell your home. Contact us and we can help you develop a strategic plan to have the best outcome next year. Email me at mike@frontstreetbrokers.com or call my cell 208-340-8399.

2. Get a free Appraisal of your home. My team and I will gladly appraise your home to see what the market will bear today and our best estimate on what it would sell for next year. Discussing the market value of your home now helps in developing a budget for your next move.

3. Learn as much as you can about available options you have. For example, have you considered renting out your home as opposed to selling it? The market rent for your home may exceed your mortgage payment which could lead to a great investment opportunity for you. Be proactive now, learn the pros and cons about all the available options you have, whether you decide to stay in your home or make a move. Knowledge is power. Asking questions doesn’t cost you anything.

Transform Your Home Whole House Remodel For Less

Our fix n flip remodeler/builder knows how to totally

transform a home from top to bottom crazy fast and

for a crazy affordable price. We can personally

vouch for their quality and expertise. Why move

when you can trick out your current home for less.

Creative Commissions We have creative commission plans that give you our

full boat of marketing services and our full service

guarantee, while offering you alternatives to the tradi-

tional commission model. This can save you thou-

sands.

By Owner—Assist For Sellers who are wanting to be more involved in the

marketing of their home, we have a marketing package that

gives your home a ton of exposure—while you save bun-

dles of money on Realtor commissions.

Private Listings If you don’t want to list your home until 2013, but

would consider offers now, then a private listing

might be the perfect solution for you and it’s one of

our specialties.

FIND OUT THE DETAILS — CALL MIKE TURNER AT 340-8399

Beautiful custom luxury home in desirable Castlebury subdivision in Eagle. 5,917 sq ft of luxurious, move-in ready space. 4 big bedrooms, 7 baths (each bedroom has their own private bathroom). A second level bonus room could be converted into a 5th bedroom. Gourmet kitchen with granite counters, two dishwashers, profes-sional-grade appliances, custom tile, but-ler’s pantry and a wine fridge. Other up-grades include extensive built-ins, custom paint, and dual HVAC systems. Home is well suited for a large family. Outside, you’ll love the low-maintenance saltwater pool with diving board. Roomy covered patio features an outdoor kitchen and entertainment space with sound sys-tem. Plenty of room leftover for play and gardening. The whole acre lot is nicely landscaped, and has mature trees border-ing the property for enhanced privacy. Call Sandi Rubio, Front Street Brokers, 208-850-3681.

Custom Home in Eagle with Saltwater Pool

Sandi Rubio

Top Sales Associate Front Street Brokers Sandi@FrontStreetBrokers.com FrontStreetBrokers.com/Agents/Sandi

CALL SANDI: 208-850-3681

MORE DETAILS, PHOTOS, & VIDEO @

FrontStreetBrokers.com/Castle

$925,000

2885 S. White Castle, Eagle

LUXURY FORECLOSURE REPORT The Sultana property: Boise bank-

owned luxury home on simply one of the most beautiful waterfront lots we’ve seen. 5 bedrooms, 2,876 sq ft with detached shop and living space. Stocked pond and river and creek access. The price can’t get much low-er for all that you get! Listing Courtesy SIlvercreek Realty.

EAGLE LUXURY ESTATE 10 ACRES OF HORSE LAND Once listed at 2.2 Million,

Now $990,000

ALICIA MALONE Alicia has extensive experience serving owner/buyer clients. Contact her at Alicia@FrontStreetBrokers.com Or 208-731-3604

Take charge of your credit score

HISTORIC GEM IN THE HEART

OF TWIN FALLS

Built in the 1930’s, this home maintains beautiful origi-nal details like cove ceilings, fireplace, hardwood floors and built- ins, while boasting upgraded amenities like a new roof and HVAC. If you’re thinking about making the move to beautiful Twin Falls but want to maintain that Boise North End feel—this is an ideal home for you! Call for more details.

2.5 ACRES ~ WATERFRONT! $2 million property to replace

NOW JUST $895,000

BY ALICIA MALONE

Front Street Brokers

In the last issue of Boise Real Estate News, I addressed

some startling history on the origin of credit bureaus and hopefully dispelled some un-truths about the sys-

tem. In this article, I want to explain why and how

credit history became so important.

The credit-scoring model seeks to quantify the likeli-

hood of a consumer to pay off debt without being more

than 90 days late at any time in the future. The higher

the score, the better it is for the consumer, because high

scores translate into lower interest. This can save liter-

ally thousands of dollars in financing fees over the life

of the loan.

In order to calculate a score, points are awarded for the

following five components (with a high score being favorable):

1. Payment History has a 35% impact on your

score. Late payments, judgments, and charge offs all

have a negative impact. Delinquencies that have oc-

curred recently have more impact than older ones.

2. Outstanding Credit Balances have a 30%

impact. This factor marks the ratio between the out-

standing balances and available credit. Ideally the con-

sumer should make an effort to keep balances as close

to zero as possible, and definitely below 50% of availa-

ble credit limits when trying to purchase a home.

3. Credit History has a 15% impact. This portion

of the credit score indicates the length of time since a

particular credit line was established. A seasoned bor-

rower with a history of borrowing and paying off in a

timely manner will always receive a stronger score in

this area.

4. Type of Credit impacts your scoring system by

10%. A mix of auto loans (installment notes), credit

cards (revolving credit) and a home loan (mortgages) is

more favorable than a bevy of credit card debt.

5. Finally, Inquiries on a consumer’s credit score

impacts 10% of your credit. Keep in mind that if a

creditor is asking you for your social security number, they are probably pulling your score. Though it is a

good idea to check your credit score once a year to stay

on top of any fraudulent charges, keep in mind that

every time it is pulled, your credit score drops. Be

aware that one shopping adventure (such as car shop-

ping) could negatively effect your score.

Remember that the credit score is a computerized cal-

culation and personal factors such as divorce, unem-

ployment, or prolonged illness are not taken into con-

sideration. It is merely a snapshot of today’s credit

profile for any given borrower, and it can fluctuate dra-

matically within the course of a week. Do your best to keep your number healthy, but realize you’re more than

a number and that, in today’s economy, more people

are willing to work with and around lower credit

scores.

If you have any further questions or are ready to delve

into the home purchasing arena, don’t hesitate to call!

Situated on 10.01 acres of prime horse land in Eagle, accessed only by a private gate. Landscaped, sports pool, 600 sq ft green-house. Theater room/gallery, game room, even a library with a secret entrance. The finishes are pretty over-the-top (think Venetian opera house), this is an unforgettable and completely luxurious property inside and out. 7,147 sq ft, 5 bedrooms, 6.5 baths. Listing courtesy Silvercreek Realty.

Silvercreek Realty

Download Report at: www.IdahoLuxuryForeclosures.com

On Monday, Sept. 24, 2012, the Idaho Attorney Gen-eral’s office mailed out over 2,600 payment applications to Idahoans eligible to receive compensation from the

recent National Mortgage Settlement. Over 12,000 Ida-hoans qualify, with the remaining payment application packets scheduled to be mailed out over the next two weeks. Eligible applicants are Idahoans who lost their home to foreclosure between Jan 1st, 2008 and Dec 31st 2012. However, it only includes borrowers whose loans

were serviced by these five national banks: Ally/GMAC, Citi, JPMorgan Chase and Wells Fargo. The settlement requires the banks to compensate customers for loan-servicing errors that may have led to customers losing their homes to foreclosure. Idaho Attorney General, Lawrence Wasden said, "This payment is not intended to compensate Idahoans for the

loss of their homes. Rather, it is a step toward accounta-bility for unfair business practices that harmed Idaho homeowners.” The minimum that qualified foreclosed homeowners will receive is $840. That number could be higher, depend-ing on how many borrowers mail back their payment applications or apply online by Jan 17, 2013. Wondering if you are one who qualifies? Eligibility fac-tors include: Borrowers who lost their home to foreclo-sure (not short sales) between 2008 and 2011 with loans owned by Ally/GMAC, Citi, JPMorgan Chase and Wells Fargo. Many of these loans are owned by Fannie Mae and Freddie Mac but are serviced by the five na-tional banks involved in this settlement.

Loans owned by Fannie Mae or Freddie Mac are not impacted by this settlement. Visit the following websites

to learn if a loan is owned by either Fannie Mae or Fred-die Mac: http://www.fanniemae.com/loanlookup , http://www.freddiemac.com/mymortgage. The five participating servicers have currently identified 12,207 Idahoans who lost their homes to foreclosure while attempting to negotiate a modification or other loss mitigation option. Idahoans who believe they maybe eligible but did not receive a claims packet should contact the settlement administrator at 866-430-8358 or fill out this online form at:http://www.ag.idaho.gov/onlineForms/paymentEligibilityForm.htm

This settlement also helps Idaho borrowers who have not lost their home to foreclosure by providing financial

options including first and second lien modifications, forbearances for unemployed borrowers, deficiency judgment waivers, short sale assistance, and homeown-

er transition payments. Detailed information about each program, the eligibility requirements, and the application process is available here: http://nationalforeclosuresettlement.com. As part of this settlement, borrowers who are current on their mortgage but have negative equity preventing their ability to refinance may be eligible to refinance their loan

with the current historically low rates. Idaho borrowers who are eligible for the loan modifica-tion or refinance are to be contacted by their mortgage servicer; however, borrowers can contact the mortgage service directly: - Ally/GMAC: 800-766-4622 - Bank of America: 877-488-7814

- Citi: 866-272-4749 - JPMorgan Chase: 866-372-6901 - Wells Fargo: 800-288-3212

The Idaho Attorney General also is warning all homeowners to be aware of settlement-related scams. Never provide personal information or pay money to anyone who calls or e-mails you claiming they can provide settlement-related as-sistance. Idaho homeowners should report suspicious set-tlement-related activities to the Attorney General's Consum-er Protection Division at 208-334-2424.

By Mike Turner Boise Real Estate Agent Front Street Brokers

HELP FOR IDAHO HOMEOWNERS

Over 12,000 Foreclosed Homeowners Scheduled to Receive Settlement Payments in 2013

Foreclosure Inventory

Page 12

Builder Spotlight

2012 Boise Idaho Fall Parade of Homes October 6th & 7th | 13th & 14th | 20th & 21st

Saturdays and Sundays 11am to 5pm

It’s finally here! The Fall 2012 Parade of Homes. This is your chance to see 34 homes around Boise (Ada County). Builders will be showing off their skills, letting you see the latest styles and trends. If you have any desire to build your own home, the parade is the best place to get ideas and see what you can buy based on your budget. Not all builders are created equal. The team of agents at Front Street Brokers will be checking these homes out as well, familiar-izing ourselves with all the products on the market. We often advise clients who are thinking of building on where the best deals on lots are and which builders can provide them their dream home for less money, hassle, and drama. This will save you time, money, and a lot of stress. You can count on our experience. If you would like to join us on the tour (or set up a private one with one of our agents) then call 208-740-5000 for an appointment. More Info at http://frontstreetbrokers.com/fall-parade-2012

Innovative Custom Homes continues to impress the agents at Front Street Brokers on

their ability to build such amazing homes at prices that are 10’s of thousands below

other builders. If you are considering building a home, we highly recommend speaking

with Ben and Heather with Innovative Custom Homes. You can contact them directly at

208.695.5846

FIND OUT HOW YOU CAN GET THIS SWEET HOME ON THIS AMAZING LARGE WATERFRONT LOT

FOR LESS THAN $390,000 Call Mike Turner at 340-8399

New Home in Meridian

More info and pictures:

Frontstreetbrokers.com/Orso

*Single Level High End Home * $299,770 *

Boise Rental Management Matt Rubio

208.473.2418 BoiseRentalManagement@gmail.com

“I refer my clients to Boise Rental Management. Not only is Matt the kind of guy you want in your corner, he is all business with tenants

and helps you keep your investments profitable.” - Mike Turner, FS Brokers

Home Inspector Davin Strand

Bent Nail Home Inspections 208-869-5557

“Davin has been our recommended inspector for our real estate firm for years for good reason. He is the best.”

- Jared Cozby, FS Brokers

Thank You For Your Referrals!

85% of our business is coming from you...Thanks

One of the main reasons we provide this newspaper at no

cost to you is we want to show you we are committed to our

profession and we appreciate you thinking of Front Street

Brokers when your friends and family are in need of a

knowledgeable real estate agent .

WWW. FRONTSTREETBROKERS.COM 877 W Front St, Boise ID

208.740.5000

Page 14

Local Real Estate Trends

Inventory is still very low—This has helped stabilize home prices and is the direct cause of why Boise is performing better than many other areas in the state and across the nation. Why it is so low is a combination of many factors: People are still moving here for lifestyle improvements and often bring their job with them. Home prices are still far off their peak and have made this region very affordable for buyers. Sellers are still waiting for home pric-es to climb up further before listing their homes.

If you haven’t noticed—New construction is in full swing in Ada county. Builders are working to stay ahead of the demand. So far this year New Home Sales have increased over 100% compared to 2011. Based on the low inventory and high demand for newer homes we forecast that 1600-1800 new homes will be sold to consumers in 2013 for Ada County. The biggest challenge the builders now face is lack of lots. With so little development going on, we expect that in 2013 most of the desirable lots in Ada County will get absorbed and new developments will begin again.

Canyon county new construction was pretty much non existent in 2011. So the current activity in new construction there has sent the statistics through the roof. This summer there was a 271% increase in new home sales in Canyon county. As foreclosures loosen their grip on the area, we should see more new homes get built in Canyon county o keep up with the demand. We may see 300-500 new homes get built in Nampa in 2013 which would be a nice little boost to the local economy.

FRONT STREET BROKERS

ON YOU TUBE! View virtual tours and video reviews of

area homes for sale. Visit us at

www.youtube.com/frontstreetbrokers

Picture Perfect Window

Cleaning

WindowCleaningBoise.com 208-401-6265

Residential Window Cleaning, Commercial Window Cleaning,

New Home Construction Cleaning, Scratched Glass, Hard Water

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Screen: Rescreening/Repair/Rebuild, Gutter Cleaning Gutter Protection, Pressure Washing, Awning Cleaning/Sealing

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