Boise housing market to remain 'hot' in 2019


    New home construction in Boise will continue to struggle to keep up with demand in 2019.<p>{/p}<p>{/p}<p>{/p}

    Could 2019 be the year the housing market in Boise cools down? The answer from Idaho-based HomeStreet Bank is "No."

    Senior VP Natalie Overturf at HomeStreet says you can expect to see another year of rising home prices as more out-of-towners flock to Boise.

    Here are her predictions:

    1. Inventory issues will continue to plague Boise in 2019, as there are not enough homes on the market to keep up with demand. As a result, expect to see home prices continue to increase next year.
    2. Interest rates have gone up .5 - .75 in 2018 and will continue to rise in 2019, decreasing buying power.
    3. As Portland and Seattle become less affordable, Boise will be an attractive destination for Californians looking to relocate.

    Boise will remain a sellers’ market into 2019. Overturf summarizes by saying Boise has been one of the fastest-growing cities in the nation, and housing inventory remains tight, giving sellers more leverage.

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