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Megan Schomer
in Boise Real Estate Informtation
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Boise Idaho Growth Potential
Boise’s growth potential
I have been asked this question asked a lot, especially lately with the U.S. economy in a downturn. So I thought this would be a good subject to blog about.
The growth potential in Boise is great, there are many projects in the works and Idaho is the fourth fastest growing state. Yesterday Boise’s largest employer Micron Technology announced they would be expanding their operations here due to tax incentives give by the state.
There is a race car track that will be accepted by NASCAR that will be built east of Boise bringing jobs and tourism. A movie studio has also been approved for South of Boise. These are all new projects but in the past few years also some major corporations have moved in or expanded their companies here in the Valley providing thousands of jobs. Such as Citi, T-Moblie, AT&T, Home Depot, Lowes, Hotels, Restaurants just to name a few. Also a lot of companies use Boise as a test market for their new products due to the diversity of the area and we have been ranked numerous times as a great place to live and do business. This just names some of the projects and companies but with their growth and expansion it will increase the amount of jobs available and the potential for small businesses to thrive.
As an Idaho native I have seen Boise grow and develop into a wonderful place, new opportunities are exciting and beneficial to the whole community. Boise has a bright beautiful future, feel free to comment and ask any questions!
Megan Schomer
in Boise News and Information
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Rate cuts
What do rate cuts do for a homeowner or someone looking to become one…
As you likely know already we received an emergency rate cut earlier this week, and will probably see another in the coming week and in the future. Which means lower rates for most loans, such as car loans and credit cards. What do they mean to homeowners and future homeowners? Quite a lot, a home is most peoples largest investment and largest debt. So the rate on your home loan can change your monthly payment dramatically.
Here are some examples on how your mortgage interest rate can change your payment. Based on a 30 year fully amortized loan, not including taxes and insurance.
Loan amount monthly payment at 7.00% 6.50% 6.00%
$150,000 $997.95 $948.10 $899.33
monthly savings $49.85 $98.62
yearly savings $598.20 $1,183.44
$250,000 $1,663.26 $1,580.17 $1,498.88
monthly savings $83.09 $164.38
yearly savings $997.08 $1,972.56
$400,000 $2,661.21 $2,528.27 $2,398.20
monthly savings $132.94 $263.21
yearly savings $1,595.28 $3,158.52
$800,000 $5,322.42 $5,056.54 $4,796.40
monthly savings $265.88 $526.02
yearly savings $3,190.56 $6,312.24
Every little bit makes a difference in your loan… So if you are looking to purchase a home or refinance be sure to get the best rate possible!
Megan Schomer
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Local housing market
Current housing market
Boise
Active listings: 2415
Average asking price: $319,126
Meridian
Active listings: 1313
Average asking price: $326,566
Eagle
Active listings: 427
Average asking price: $677,247
A look back over the previous year 2007
Boise
Sold homes: 17,577
Average sold price: $226,624
Meridian
Sold homes: 9,926
Average sold price: $253,259
Eagle
Sold homes: 2,022
Average sold price: $409,721
(All numbers are approximate as of 01/06/08, including condos and town homes)
Bridge Tower
Bridge Tower Meridian Idaho Homes For Sale
Search Meridian Idaho Neighborhoods
There are large open areas, long walking paths, fun playgrounds, two swimming pools, community club house and much more! Beautiful Italian architecture is seen everywhere from the staircase waterfall to the pillars all around…
The homes size vary from patio homes to large estate like homes. The patio homes are located in their own quiet section, the yards are small and maintained by the homeowners association. With such a variety there is something for everyone!
Demographics:
Existing home price: $232,000 - $479,900
Existing home size: 1,544 - 3,746 square feet
New/To be built price: $240,000 - $460,000
New/To be built: 1,732 - 3,252 square feet
Pictures:
Club house and one of the pools
Playground
Walking path
Common area
Homes
Search Meridian Idaho Neighborhoods On A Map
Megan Schomer
in Meridian Idaho Subdivisions
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