Another week has come and gone. As the weather starts to change in the Treasure Valley, we are starting to see builders drastically cut back on productivity and for the most part industry values are holding. As I’ve said before, as we start to see a decrease in the production of new construction, we will start to run into inventory issues as we come into next year. This essentially means that values will hold or even have a 1-2% increase into 2023. The Treasure Valley is still a very desirable place to be even as we head into some colder weather. It’s a great community to live in. Another positive thing is that rates seem to be holding. On the verge of the election, we know that all sorts of things can happen. Don’t hesitate to reach out directly to us. The top ten steps in getting a loan are step #1: call us and let us worry about the other 9 steps. We have the ability to shop multiple different lenders to find one that best fits your situation.
Have a great week Treasure Valley!