Boise realtor Dan Crouch says that while prices are high, there are some big players out there who are just as high.
Crouch, who has worked in Boise for over 10 years, says the market has been a real surprise to him.
“People are really happy to be priced out of Boise and are willing to sell their homes,” he says.
“The property market in Boise is really strong.”
Brisbane realtor Brian Trombley says that it is “very difficult” to determine what exactly is happening in Boise.
“It’s a tough market to judge.”
Crouch says he is not surprised at the market’s continued strength, given the city’s reputation as a hub for international real estate.
“I think Boise is the hottest real estate market in the country,” he explains.
“There are a lot of buyers in the market, but it’s not as much as you’d expect it to be.”
Boise realtors say that it’s “almost impossible” to predict what will happen in Boise this year, given how quickly things have developed.
But Crouch and Trombly both say that the market will bounce back from its current low point, thanks to some big names stepping in.
“Realtor after realtor has told me that the markets are very strong this year,” says Crouch.
“If you are willing and able to put in the work, you can do a good job.”
But as the real estate bubble burst, a number of major investors sold off their properties.
Crouch notes that these owners are also not happy with the market.
“You need to be ready to go, but you can’t just sit back and wait for the market to crash,” he warns.
“Be ready to buy, but don’t get caught in the cycle.”
This story was produced by the The Wall Street Journal’s Real Estate Blog and The Real Estate Weekly Report.
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