Kathryn Porter Your Boise Native Realtor at Keller Williams Realty Boise

11/01/2023

OPEN HOUSE, Sunday, November 5th from 2-4pm.

$499,000, 3 beds, 2 baths, 1374 sq ft

10/25/2023

Don't Miss This Beautiful House in SE Boise. Who do you know that would love to live here?

Stunning home in desirable SE Boise with $60K in renovations (see list of upgrades in docs). All new COREtec LVP wide plank flooring throughout. Open concept with floor-to-ceiling front windows provide lots of natural light. Kitchen features Samsung stainless... (more)

03/13/2023

3 IMPORTANT DIFFERENCES BETWEEN REAL ESTATE AGENTS

One of the most complex aspects of buying a home is mastering the language of the real estate industry. However, it’s not just a matter of learning new terminology. You may also need to unlearn a few things you thought you knew.

03/13/2023

Market Update for Feb 2023 for existing homes in Ada County

02/17/2023

Prepare for Buying: What to Expect During a Home Inspection

Home inspection: what to expect, and how to find a home inspector. Tips and advice from the experts for home a home inspection works when buying a house.

01/20/2023

4 Things First-Time Homebuyers Should Know About Filing Taxes

In addition to things like building equity and making improvements without fearing a ding to your security deposit, homeownership comes with some unique tax benefits. The biggest perk? As a homeowner, you have the option to take an itemized deduction that subtracts mortgage interest from your taxabl...

01/12/2023

HAPPY NEW YEAR
January, 2023

Do Not Fear…Market Correction is here.
2022 was certainly a challenging year. Crazy price escalations and multiple offers within hours of being listed. Extremely low inventory of homes made the choices tight for buyers, and they were willing to offer above asking price and even waive inspections just to compete. Then around June, the market began to change. There were price reductions and sellers offering incentives to buyers.
Now, with the persistent inflation and higher interest rates, some buyers have taken a step back and pressed the “pause” button on purchasing a home. Unfortunately when people are scared, they tend to freeze up, and they sit in that fear and panic. Remember the news and social media love to sell fear and grab headlines. But they don’t tell the whole story, or can even get it wrong. This is NOT 2008 all over again. Here’s why; mortgages have strict guidelines to qualify for a loan. In 2008 there were stated income loans, an over-abundance of homes available and limited number of buyers.
Some properties are still seeing multiple offers, but others are not. Buyers can now negotiate and there are more homes available. Many sellers are willing to help buyers by covering some closing costs or even a rate buy down. Sellers require more patience as the time on the market has increased. There is no more mad rush of buyers and highly likely multiple offers. But houses are selling. There is still less than 2 months of inventory in most price ranges.
Builders aren’t expected to build as many houses in 2023. And those that are built may have less amenities and features. Many builders will continue to build pre-sold custom homes. Building materials, product and labor shortages were difficult for both buyers and the builders and caused increased prices and extended completion dates of many houses.
The National Association of Realtors predicts a similar story across the country. Buying power is on the decline. The typical mortgage payment will be higher; pricing some buyers out of the market. Mortgage rates remain elevated. Average mortgage rates will be higher than 2021’s historic lows (3.0%). Homes prices will continue to rise, but at a much slower pace. Inventory will lag 2019 pre-pandemic levels, but will be up from 2022, giving buyers more homes to choose from.
Whatever the real estate market brings, I have 25+ years of experience as your Realtor and can guide you through the process.
Thank you for your loyalty! I am grateful to you for the opportunity to serve your real estate needs. If you know anyone that is ready to buy, sell, or invest, send them my way!
Here’s to a Wonderful 2023!! Wishing you and your loved ones all the best. I’m looking forward to connecting with you in the coming year.

Kathryn Porter
Your Boise Native Realtor
Keller Williams Realty Boise
208-890-3696

12/30/2022

National Association of Realtors (NAR) article about what they predict for 2023. Keep in mind that real estate is local. What will happen in the Boise area in 2023? Buying, Selling or Investing in Real Estate? Contact a local experienced Realtor like me to discuss your situation. Let me know if I can help you. Thank you.

The housing market has been on a wild ride lately. Will it continue to slow or rev back up again in 2023? Here are our predictions.

11/18/2022

Home Renovation on a Budget....

Unless you want a major overhaul, you can still spruce up your home and improve its appearance and functionality without going broke.

11/10/2022

October real estate market stats

10/03/2022

Another way to help pay for a mortgage is choosing a home with an attached rental unit as it can make the payment a little easier to accomplish. Attention: This is a great time to consider an investment property. There are more houses to choose from, prices coming down and sellers are offering incentives to buyers. Contact me to get started.

Another way to help pay for a mortgage, is choosing a home with an attached rental unit as it can make the payment a little easier to accomplish.