Foreclosure Wave Canceled? 1.5 BILLION. Boise Home Prices DROP.

Is the Boise, Idaho real estate market on the brink of a foreclosure crisis? as job layoffs at major companies like Micron, Amazon, Google, IBM, and Hasbro loom. 56,000 could be laid off. This, coupled with a staggering $1.5 billion dollars of vacant inventory on the market, is causing concern.

We must learn from the 2008 Financial Crisis. In this video, we look for indications and ways to avoid foreclosure.

Builder activity, a key indicator of market health, has also decreased, signaling that the market is headed toward a foreclosure wave. With job growth stalling and the overall economic climate uncertain, the future of the Boise housing market looks uncertain.

Adding to the tension, the Federal Reserve's decision to raise interest rates has resulted in a decrease in refinance applications, leaving homeowners struggling to manage their debt. The rising inflation and cost of living are also putting a strain on the middle class, making it difficult for them to afford their mortgages. Debt is at all-time highs.

Are you wondering about the current state of the housing market? Are you concerned about the potential for a market crash, or wondering if home prices will ever come down? Are you trying to understand why rent is so expensive? We aim to provide answers to these and other questions about the housing market in our weekly content.

If you're looking to buy or sell real estate in Idaho, follow our updates.

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Good News Realty Group LLC, located in Boise Idaho.

📲 Call/Text Direct at 208-800-9073
📲 Email: [email protected]
📲 www.goodnewsrealtygroup.com

Disclaimer:
Good News Realty Group LLC and Joshua Connell are not practicing tax accountants or licensed attorneys or financial advisers. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. If you need such advice, please get in touch with a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. Thank you for watching!

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