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March 17, 2008 6:20 AM
2008—the Best Year to Buy a Home in 35 Years! That's right! It's the best year to buy a home in the Boise Real Estate markety in 35 year! Mortgage rates in April 1973 were about the same as they are today! Since 1973 the only time rates rates have been this low was during the seller's markets of 2001 and 2002 when there was very little inventory. The other two major buyer's markets were in the early 1980s and the other one was in the early 1990s, but the rates were much higher. In 1978 the interest rates were at 9.75 percent and climbing to 18-21 percent in 1980. In the early 1990s I remember the interest rate staying around 11-12 percent and remember getting a loan for 10 percent and thought it was great. Thus, take a look at the Boise Real Estate market today, lots of inventory, new and existing, with mortgage interest rate being exceptional low making this the best time to purchase Boise Idaho Real Estate in at least the past decade. So, what are you waiting for, the prices and interest rates to go up? Use my Boise Real Estate Search and start looking for that home now!
Hope you have a Terrific Day! Tom Zumwalt 208-861-2344
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