Idaho’s Housing Economy Is Thriving

Magic-Valley.com reports that single-family home prices in Idaho have jumped 9.3% from a year ago, placing the state 11th in the U.S. for annual price growth. Comparatively, prices have increased 7.2% nationally in the past year. Many factors have contributed to Idaho’s thriving housing economy, including fewer loan delinquencies and foreclosures, historically low interest rates, and increasing property values.

“Idaho’s economy is coming back stronger than the national average. Some of it is a reflection of Idaho’s overall property prices and its resiliency during the recession” said Gerald Hunter, President of Idaho Housing and Finance Association. “Delinquencies are lower, home sales are picking up, and every market is doing better and doing well.”

Read full article at MagicValley.com