5 Events in Boise & Beyond - November 22nd - 24th

Photo credit to Pexels   5 Events in Boise & Beyond 1. Boise Wintry Market Where: Boise Convention Centre downtown Boise on the Grove Plaza When / Time: Friday, November 22nd, 4 - 9 PM  Saturday, November 23rd, 9 AM to 5 PM Vendor Map EVENT DETAILS HERE   2. Ste Chapelle: Winery After Hours Where: Ste Chapelle Winery - 19348 Lowell Road, Caldwell When: Friday, November 22nd Time: 5:30 - 9:00 PM EVENT DETAILS HERE   3. All Saints Annual Holiday Bazaar Where: All Saints Episcopal Church - 704 S. Latah Street, Boise When: Friday, November 22nd - Saturday, November 23rd Time: 9:00 AM - 4:00 PM EVENT DETAILS HERE   4. Winter Wonderland Opening Weekend Where: Indian Creek in Caldwell When: Friday, November 22nd - Sunday, November 24th Time: 6:00 - 9:00 PM EVENT DETAILS HERE   5. Idaho Small Business Fair Where: Expo Idaho - 5610 N Glenwood St, Garden City When: Saturday, November 23rd Time: 10:00 AM - 7:00 PM EVENT DETAILS HERE

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5 Events in Boise & Beyond - November 15th - 17th

Photo credit to Unsplash   5 Events in Boise & Beyond 1. Gather & Paint - Pet Portraits Where: 404 S 8Th St, L100 When: Friday, Nov 15th Time: 6:00 - 8:00 PM EVENT DETAILS HERE   2. Studio Social Where: JUMP Room 5th Floor When: Friday, Nov 15th Time: 6:00 - 8:00 PM EVENT DETAILS HERE   3. The Capital City Public Market Where: The Grove Plaza & 8th St When: Saturday, Nov 16th Time: 9:30 AM - 1:30 PM EVENT DETAILS HERE   4. WalkAbout Boise Historic Walking Tour Where: Basque Museum & Cultural Center, Inc - 611 W Grove Street When: Saturday, Nov 16th Time: 10:00 - 11:30 AM EVENT DETAILS HERE   5. Tito's Second Annual Espresso Martini Week 2024 Where: 8th Street Promenade - 8th Street between Main St & Bannock St When: Friday, Nov 15th - Sunday, Nov 17th Time: 6:00 PM - 2:00 AM EVENT DETAILS HERE

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Navigating the Market: Expert Insights and Positive Trends

  Photo courtesy of Knowles Gallery In the days following the election results, there has been a flurry of activity and updates regarding the economy and its influence on the housing market. While the Fed cut rates a quarter point last week, this move did not directly impact mortgage rates, which have continued to tick upwards, with 30-year mortgage rates ranging from the mid-6s and up, depending on several factors. Economists, Lenders, Real Estate Professionals, and potential homebuyers alike continue to watch these numbers closely, with new data and outlooks being published almost daily.   Despite recent moderate swings in interest rates and the activity in the financial markets, many analysts anticipate mortgage rates to stabilize in the upcoming weeks and months at a rate below this year’s levels.    The National Association of Realtors (NAR) Chief Economist, Lawrence Yun, gives his take on the real estate market, noting, “Housing affordability has been a challenge, but the worst appears to be over.  Rising wages are outpacing home price increases. And more inventory is reaching the market, providing additional options for consumers.” For homebuyers, this is certainly welcome news.    NAR reported housing affordability actually improved slightly, which is good news for many.  Monthly mortgage payments are down 5.5% from the second quarter of 2024 and down 2.4% from one year ago.     With much talk about interest rates and predictions about the future economy, Yun gives encouraging updates for homeowners, referencing national data stating that on average, a typical homeowner accumulated upwards of $147,000 in housing wealth in the last five years.  He notes that home prices remain on solid ground, reflected by the vast number of markets experiencing substantial gains. “Even with the rapid price appreciation over the last few years, the likelihood of a market crash is minimal,” he says. “Distressed property sales and the number of people defaulting on mortgage payments are both at historic lows.”   As presented in an article recently published by the Idaho Business Review, median prices on single-family homes throughout the US have continued to steadily climb.  The vast majority of Idaho’s counties reflecting a similar trend - In Twin Falls County, the median single-family home price was up 6.8% to $449,000; Bonneville County was up 4.7% to $450,000; Ada County was up 3.3% to $608,425; and Bannock County was up 0.1% to $399,900.    

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