Interest rates hit 6% ~ what does it mean for the Boise Idaho real estate market

Market case study. Swipe left for the difference in monthly payment for $869,000 at 6% and 3%

we still have about two weeks of inventory meaning if no new houses come on the market it would only take two weeks for those houses all to be sold and we would have no inventory. That means even if we start to see some price jobs we likely won’t see a crash.

another factor that I haven’t heard much chatter about is money people stock portfolios and 401(k)s are suffering right now so we likely will see a drop off in cash buyers because it would be a hard pill to swallow to cash out your 401(k) when it is such a low stock market right now.

even with all of that it is still a sellers market. Whether you were thinking about buying selling renting or investing reach out to me so we can connect for a personalized consultation.