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Boise, ID

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Stock Market, Housing

02-13-12
Suzi Boyle
Suzi Boyle: Loan Officer in Boise, ID
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  • Office: (208) 321-4300
  • Mobile: (208) 859-3303
  • Secondary: (888) 735-7326
  • The stock market has made a solid comeback in the past 3 years and is trying to re-touch the prior peak. That is good news for real estate in terms of providing funds for down payments for middle class families and the ability to buy a second home among the wealthy.
  • While stock market wealth has steadily improved, a lack of recovery in housing wealth still remains a sore spot for many families. Unlike the upper-crust segment, the vast middle-class has more of their wealth tied to housing than to the stock market. And the fastest way to get housing wealth recovery is to get the housing demand moving so that inventory gets drawn down. This process is in place with many local markets witnessing 5-year lows in inventory.
  • Because of job gains and rising rents, housing demand should continue to rise. Further drops in housing inventory assures some potential recovery in housing wealth for the vast middle class. However, an obstacle to housing wealth recovery is being considered by Washington regulators in terms of their desire to increase the fees involved in obtaining a mortgage.
  • Unlike the bad mortgages from the housing bubble years, mortgages of recent years (from 2009 to 2011) have been highly profitable for the banks and for the government (the owners of Fannie and Freddie) because of exceptionally low default rates. Therefore, an additional government-imposed mortgage fee at this period of the housing cycle is misguided and counter-productive.

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Federal Reserve Watch

02-13-12
Suzi Boyle
Suzi Boyle: Loan Officer in Boise, ID
  • view my blog
  • Office: (208) 321-4300
  • Mobile: (208) 859-3303
  • Secondary: (888) 735-7326

Federal Reserve Watch

Forecasting Federal Reserve policy changes in coming months... On January 25, the Fed pledged to keep the Funds Rate extra low through late 2014. Economists expect no change near term. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.

Current Fed Funds Rate: 0%–0.25%

After FOMC meeting on: Consensus
Mar 13 0%–0.25%
Apr 25 0%–0.25%
Jun 20 0%–0.25%


Probability of change from current policy:

After FOMC meeting on: Consensus
Mar 13 <1%
Apr 25 <1%
Jun 20
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This Week's Reports

02-13-12
Suzi Boyle
Suzi Boyle: Loan Officer in Boise, ID
  • view my blog
  • Office: (208) 321-4300
  • Mobile: (208) 859-3303
  • Secondary: (888) 735-7326

Economic Calendar for the Week of Feb 13 – Feb 17

Date Time (ET) Release For Consensus Prior Impact
Tu
Feb 14		 08:30 Retail Sales Jan 0.8% 0.1% HIGH
Tu
Feb 14		 08:30 Retail Sales ex-auto Jan 0.5% -0.2% HIGH
Tu
Feb 14		 10:00 Business Inventories Dec 0.5% 0.3% Moderate
W
Feb 15		 08:30 Empire State Manufacturing Index Feb 14.0 13.5 Moderate
W
Feb 15		 09:15 Industrial Production Jan 0.6% 0.4% Moderate
W
Feb 15		 09:15 Capacity Utilization Jan 78.6% 78.1% Moderate
W
Feb 15		 10:30 Crude Inventories 2/11 NA 0.304M Moderate
W
Feb 15		 14:00 FOMC Minutes 1/25 NA NA HIGH
Th
Feb 16		 08:30 Initial Unemployment Claims 2/11 365K 358K Moderate
Th
Feb 16		 08:30 Continuing Unemployment Claims 2/4 3.505M 3.515M Moderate
Th
Feb 16		 08:30 Housing Starts Jan 670K 657K Moderate
Th
Feb 16		 08:30 Building Permits Jan 675K 679K Moderate
Th
Feb 16		 08:30 Producer Price Index (PPI) Jan 0.3% -0.1% Moderate
Th
Feb 16		 08:30 Core PPI Jan 0.1% 0.3% Moderate
Th
Feb 16		 10:00 Philadelphia Fed Manufacturing Index Feb 10.0 7.3 HIGH
F
Feb 17		 08:30 Consumer Price Index (CPI) Jan 0.3% 0.0% HIGH
F
Feb 17		 08:30 Core CPI Jan 0.2% 0.1% HIGH
F
Feb 17
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New IHFA Preferred Loan Program

02-13-12
Suzi Boyle
Suzi Boyle: Loan Officer in Boise, ID
  • view my blog
  • Office: (208) 321-4300
  • Mobile: (208) 859-3303
  • Secondary: (888) 735-7326

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2203 S Leadville, Boise ID 83706 - Short Sale Listing

02-12-12
Kasey & John Boles Boise, Meridian, Ada/Canyon/Gem Counties
Kasey & John Boles Boise, Meridian, Ada/Canyon/Gem Counties: Real Estate Agent in Boise, ID
  • view my blog
  • Office: (208) 830-6185
  • Mobile: (208) 830-6186

2203 Leadville Boise ID 83706

2203 S Leadville, Boise ID 83706

2 bed, 2.5 bath, 1430 sq.ft

$140,000

For more pictures and information check out www.BolesBoiseRealEstate.com

SHORT SALE - Pre Foreclosure - great layout, convenient location, fireplace, large kitchen, 2 living areas - Sale terms and price are subject to lender approval and property will be marketed until the buyer, seller, and lender all have approved all terms. BTVA

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