Treasure Valley Properties | Treasure Valley Properties

With over two decades of experience in providing the highest level service in the local real estate industry, Treasure Valley Properties represents the continuing commitment to excel in our customer and community service. In conjunction with our pursuit of excellence, we bring a knowledgeable full service real estate team combined with professional partners in land acquisition, property management, and financial services.

Our mission is to provide the highest level of service in the industry while contributing to the excellence of living in the Treasure Valley.

We Create Community. We Are Community.

Corporate Blogs

Real Estate Market News

Main / Real Estate Market News

Author: Kristin Wright Created: 5/16/2007 11:37 AM

Local, regional, and national news about housing trends and the state of the housing market

Wednesday, November 28, 2007

Median Home Prices Rise in Most Metros; Majority Show Modest Gains

WASHINGTON, November 21, 2007 - The vast majority of metropolitan areas showed rising or stable home prices in the third quarter with most experiencing modest gains compared with a year earlier, despite a broad decline in existing-home sales, according to the latest quarterly survey by the National Association of Realtors®. In the third quarter, 93 out of 150 metropolitan statistical areas 1 show increases in median existing single-family home prices from a year earlier, including six areas with double-digit annual gains and another 21 metros showing increases of 6 percent or more; 54 had price declines, and three were unchanged. Regionally, prices rose in both the Northeast and Midwest, as did the national condo price. Lawrence Yun, NAR chief economist, said the data underscores the fact that all real estate is local. "Some metro areas are hot while others are experiencing localized problems," he said. "The report also shows that home prices i...

Posted by Kristin Wright at 12:51 PM

Comments (0)

Wednesday, May 16, 2007

Housing: The "Steady Eddie" of Investments

Housing: The "Steady Eddie" of Investments Housing activity this year will be somewhat lower than in earlier forecasts as lending standards tighten and subprime mortgage originations tighten, according to NAR. Lawrence Yun, NAR senior economist, said speculative behavior, which contributed to abnormal price growth, is now on the decline. Home buyers today are purchasing for the long-term, generally with a realistic expectation of modest gains over time, Yun said. Housing first and foremost is shelter. Second, its a long-term investment that slowly builds the greatest amount of wealth for most families. NARs latest forecast projects existing-home sales at 6.29 million this year and 6.49 million in 2008, compared with 6.48 million last year. Click here to see U.S. Economic Outlook: May 2007 Source: National Association of Realtors Resea...