Scott Gray's (scottmgray) Blog

Real Estate Agent - RE/MAX Capital City
I read an article in one of my Real Estate pubications that was very interesting.  Even with all of the renters out there, it mentioned over 75% of potential buyers are sellers waiting for their homes to sell or close.  I know from my own area, and speaking to several different potential buyers. ...
I was out looking at some new construction homes in Boise today.  Its amazing how much house you can get for about $200K.  There were some 4 bedroom 2.5 bath 2054 sq. ft. new homes for $210-219K.  If I could buy 4 or 5 of these, and hold them for at least 5 years, the potential resale value looks...
I just took two great investment property listings in Boise.  Both are built in the last 15 years and are centrally located in Boise.  If you know of an investor who is interested in multi family, feel free to send them an MLS email with the property details.  The first on is MLS# 98352653 listed...
Boise has been named again as one of the best cities in the U.S. for business and careers by Forbes magazine.  This was the fourth year Boise has been in the top 5.   This is great recognition for all types of businesses in our local economy including real estate.  Our unemployment rate is still ...
I have been closely following the Fed's string of interest rate cuts and noticed the banks rates are approx. 6% for a 30 year fixed rate.  This same loan was averaging 5.25-5.50% about 1-2 months ago.  The Federal Funds rate has not gone up but still banks are raising their rates for homebuyers. ...
I strongly agree with the article published in this months REALTOR MAGAZINE by Robert Freedman concerning the future demand for housing.  There is always a positive to be taken from even in a leveling market.  My advice will always be to buy due to the population increases in our attractive count...
 In the last several weeks I've noticed properties that were sitting all winter are now pending and sold.  Especially homes that are on a quiet street with good square footage.  It seems like there were a lot more buyers on the fence last year.  Many of those people will start looking again this ...
My area of expertise is Boise, Idaho and like many cities our winter months affect real estate inventory and values.  Even in a sellers market, buyings can negotiate a lower price in the winter months.  The reasons are overwelming: less buyers, sellers motivated by longer days on market, cold con...

Scott Gray

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smartphone(208) 284-0758
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