Often times when a Real Estate market heads south it is normally because of a much needed correction from escalated appreciations.  When supply is low and demand is high, Property sellers are able to mark up the property price well above 16% of the normal median.  In Boise, Idaho we had a 4% jump in Price Growth from 2003 to 2004 and a 16% jump from 2004 to 2005. 2006 was the start of our correction falling 6% from 2005. Our first quarter's statistics show our market falling an additional 6% from 2006 and another 8% for the second quarter. Boise Housing ReportsMost Champion agents refer back to what I call "The Basics". When our market tightens switching from a sellers market to a buyers market our buyers become a lot more confident with the abundance in choices and our sellers become a... 08/24/2007

The current 30 year fixed mortgage rate is at a shocking 6.74%, which is putting a damper on even the most qualified borrowers.  As subprime borrowers deal with stronger standards, the epidemic of rising mortgage rates is only pushing subprime borrowers further and further away from the home owning and property flipping dream.  Please tell me what you think? Here is Bloombergs Kathleen M. Howley's report...http://www.bloomberg.com/apps/news?pid=20601206&sid=aPBlCjRp8aOQ&refer=realestateThe jump in 30-year mortgage rates by more than a half a percentage point to 6.74 percent in the past five weeks is putting a crimp on borrowers with the best credit just as a crackdown in subprime lending standards limits the pool of qualified buyers. The national median home price is poised for its fir... 06/20/2007

Imagine you are living in a condominium or townhome and you have smokers living around you and the smoke is such a bother and you fear future health risks to you and/or your children.  You could take matters to court and opt to legally amend your decoration and put a ban on smoking in the entire building or living areas. Here is the full Story from "Realty Times" http://realtytimes.com/rtcpages/20070618_smokingban.htm   In November of 2006, Jefferson County of Colorado, District Court Judge Oeffler, upheld such an amendment. In a four unit condominium, Colleen Christiansen and her husband Roger Sauve owned unit 2. They were smokers. Two other unit owners (or their tenants) did not smoke, and the fourth owner admitted that she did smoke cigarettes, but only outside of the building. The ... 06/18/2007