Homes Prices Rising in the Area

In the month of November, home sales and home prices rose slightly in the Treasure Valley.  The average supply of homes fell in Ada County to just 4.3 months, which is much lower than the national average.  And actually constitutes what is defined as a "sellers market".

The Idaho unemployment rate also improved in November, falling to just 8.5%.  Bob Fick, of the Labor Department, offered the perspective that it means Idaho is on the road to recovery, although it might be a "muddy road".

On the other side of the coin, between 35-36% of home sales during this period continue to be "distressed sales" and this will always cause some downward pressure on prices.  That said, it seems if there is a well-priced foreclosure property out there, it will be snapped up and often with multiple offers.

What does all this mean to Equity Wealth Builders?  We continue to buy foreclosed properties at fantastic prices and with rental rates on the rise, we are hanging onto these properties for the cash flow.

Where's the opportunity for you?  We are able to buy an ample supply of homes because we close quickly.  We do that by using private money lenders for our funding.  If you're frustrated by the returns you're getting on CDS or savings accounts, or you're anxious because of the volatile stock market, talk to us!  We offer a safe predictable 8 - 12% interest secured by a first mortgage on real estate.

Call Robin or Creed at 208-288-0505 today!