U. S. Housing Recovery- Dream or Reality?

Some American Reality for the "American Dream..."
Real Estate all over the country is exchanging hands at a new fast pace, the Boise Area market no exception. But can it last?! What goes up must come down... for these following reasons:

1. It's Investor-Driven-I previously blogged that investors were adding accelerant to the smoking

American Dream or Reality?

hot market and that is making home prices surge with low inventory and creating a renters-only market. When the low interest rates they are jumping on creep on up, the big (and small) investors will pull out. I am already seeing that they are hard pressed to find houses that deliver on the % return they need. When this happens, housing demand will peak and soon wan.

2. It's Hit by Government Sequestration- Any  amount exceeding the budget limit is now being held back by the Treasury and not transferred to the agencies specified in the appropriation bills. It will hit full stride this summer and cuts like unpaid days off for federal workers, reduced unemployment compensation and decreased military spending, combined with the expiration of payroll tax breaks earlier this year, will lead to job and income losses that will drag down the GDP this year. NOT a time for Americans to be flush enough or confident enough to be house hunting...

3. There's Still That Sluggish Employment Recovery- Across the country hiring slowed significantly in March, with just 88,000 jobs added -- the weakest showing since last June, a sign that the economy remains fragile. 500,000 Americans withdrew from the workforce during the month as well, either because they stopped looking for work or retired and stopped drawing unemployment. Discouraged workers threw in the proverbial towel. We all hope the job market forecast is sunny and bright soon.

The Boise Area real estate market is burning for sellers who are ready to list and entertain solid and quick offers!

Buyers looking for homes are practicing their karate- quick reflexes, strong moves and forceful conviction at hitting their target home.

Use a great Real Estate Agent!
Call me,
Rick Bennett
Your Best Boise Area Agent
208-412-2507
rickbennett@id-buy.com