Aug 22 2018 60545 1

Aug 22 2018 60545 1

So I just did a market study for our area to present to the Magic Valley business folks that head up our economic development needs and here is what 
came from that study. 

Since the 2008 market crash we showed no to very little growth in residential home sales and pricing up to 2013. Then the economy began a slow regrowth
and became what is today another booming housing market! Growth since 2009 as been a 26% jump in home values in the Mini-Cassia area. New home builds
are way up and our older home market is now in the $120.00 per sq. ft. price range and up! A little concerning to me as I watched and went through the 2001
J.R. Simplot shut down and 695 jobs lost to the 2008 crash and it would appear we may be headed into another one! But wait....mortgage interest rates are 
rising some and are now at around 4.5% with an expected hike next month. What does this mean? It means it might be a really good time to buy, before it 
goes up again, and a very good time to sell! 

If you have any questions regarding home buying or selling please give us a call. 

Lloyd Smith
Broker/Owner

Mountain West Realty
208-431-2930


Lloyd Smith Headshot
Author:
Phone: 208-431-2930
Dated: August 22nd 2018
Views: 109
About Lloyd: I have been a real estate agent since 1994 and broker/owner of Mountain West Realty since 1996. My p...

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