Buyer market? Seller market? COVID-19 market?Posted by Andrea Pettitt on
I’ve had this question a dozen times this past week. So many of you have reached out. Clearly the impact of the coronavirus on Boise’s real estate market (and the broader economy) is on everyone’s minds right now. In no particular order, I would like to share lessons learned from working and living through the Great Recession.
We are facing the start of the spring market with an economic challenge. Every spring from 2008 – 2011 (the downturn) prices rose (slightly) and activity increased, compared to the immediately preceding winter quarter. Even though there were net losses year over year, the spring market was stronger than any other time of year. In a few weeks we will know if inventory will grow and/or prices will shift. This information is…
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