As housing costs continue to surge and prospective buyers back out of home purchases, fears of a recession are mounting, and mortgage application activity is falling as a result
A more balanced market is putting buyers back into the driver's seat, and those who can still afford home purchases are backing out of deals and capitalizing on their bargaining power
Buyers are backing out of home purchases thanks to elevated housing costs, and builders are responding by reducing their prices and slowing their pace of new construction starts
The typical income of a Boise homebuyer rose 24% throughout the pandemic as locals went toe-to-toe with wealthy out-of-state newcomers for available listings
Developers are introducing amenities focused on flexibility and outdoor living in new residential communities to accommodate an evolving consumer base post-pandemic