The Idaho Falls real estate market is diverse with both buyers and sellers alike seeking a variety of different properties. As a prospective seller, you can find out the market value of your property with a free home value report right here, or if you're looking to purchase in the Idaho Falls click here for full MLS access. Always feel free to reach out to us for any questions regarding the current market conditions, or the value of your property at 208.227.5320.
I've recently returned from Orlando, where I attended a national Keller Williams conference. There were 11,000 people at this great event that proved to be an incredible opportunity to get better educated on the real estate industry.
Gary Keller gave an incredible presentation in which he spoke of something we at the Hicks Realty Group have been talking about for some time. He provided some illuminating information about interest rates. He said that the Federal Reserve wants to raise interest rates because it's the mechanism they use to control the economy. The Federal Reserve has been near 0% for quite some time now, and they're anxious to raise those rates.
In his speech, Keller predicted that rates will indeed rise in the second half of 2015, before settling somewhere around 5.5%. This rise, he said, will greatly affect the demand for houses across the nation, so this is obviously something we all need to keep an eye on.
Right now, the Idaho Falls market is doing quite well - demand is still high and we are short of inventory. In fact, at the end of January, we only had 530 homes on the market!
If you are looking to buy property, now is the time to act. With rates expected to rise in the near future, we are currently at the end of some of the best conditions we will see in a long time. Give us a call or shoot us an email if you would like to discuss your options - we would love to help!
Thanks, and have a wonderful day!
