Tag Archives: housing

An analysis of Idaho’s home prices

The following is an executive summary from an analysis of why Idaho’s home prices have risen faster than the rest of the nation. Read the full report online.

Many economists view the housing market as one of the crucial indicators of the overall health of an economy. When the economy is approaching a recession, the real estate market is usually among the first sectors to slow down and among the first to recover during a boom. If this assessment is accurate, Idaho’s housing market prices during the past three years will be critical for future economic forecasts. The average value of single-family homes in the state has increased by about 173% since the third quarter of 2011, compared with nearly 80% nationally. Continue reading