Coeur D’Alene is hottest new emerging market in US

[Syringaloid]

Originally Posted by Clark Fork Fantast

Don't give up yet. The numbers for the home sales in Boise are down sharply right now (news this morning). The theory is that the postpandemic flight has come to an end. "It's a totally different market now," the announcer said. Yes, that's Boise, a different phenomenon, but there may still be a trend going on.

Even if sales are down a bit because of supply and people not selling, prices are continuing to rise in Boise. It would probably be a good thing if this all cooled a bit for a while.

The local news is that the supply is too low and not enough homes are listed for sale. Prices are still up from a few months ago and dozens of large apartment and condo projects are underway and home building is ramping up. Scanning through the local news shows a lot of new sub-divisions are approved for the valley and beginning construction. There are some national articles out there that are poorly written and making it sound like the sky is falling...when it isn't, but who knows that the future holds. There is a lot of discussion about this on other local social sites. There will be ups and downs, but Idaho will most likely continue to keep growing and getting more expensive. Even if something happened that decreased home values by 10 or 20%, most homes will still be too expensive for the average American.

https://boisedev.com/2022/05/09/ada-...sing-april-22/
DATE: May 9, 2022
The Boise metro real estate market continues to climb — and the pace of sales is again speeding up. All while interest rates are quickly increasing, and the cost to rent a place is also at record highs.

The number of homes for sale (supply) did pick up, even though they are getting snapped up quickly and going for record prices. A total of 1,587 houses were for sale as of the last day of April, that’s the most since October of 2021 – and more than double the number of houses for sale on the same date a year ago.

[nowhereman427]

Originally Posted by Syringaloid

Even if sales are down a bit because of supply and people not selling, prices are continuing to rise in Boise. It would probably be a good thing if this all cooled a bit for a while.

The local news is that the supply is too low and not enough homes are listed for sale. Prices are still up from a few months ago and dozens of large apartment and condo projects are underway and home building is ramping up. Scanning through the local news shows a lot of new sub-divisions are approved for the valley and beginning construction. There are some national articles out there that are poorly written and making it sound like the sky is falling...when it isn't, but who knows that the future holds. There is a lot of discussion about this on other local social sites. There will be ups and downs, but Idaho will most likely continue to keep growing and getting more expensive. Even if something happened that decreased home values by 10 or 20%, most homes will still be too expensive for the average American.

I concur with you on this 100%

[Mister Torgue]

Originally Posted by Clark Fork Fantast

Don't give up yet. The numbers for the home sales in Boise are down sharply right now (news this morning). The theory is that the postpandemic flight has come to an end. "It's a totally different market now," the announcer said. Yes, that's Boise, a different phenomenon, but there may still be a trend going on.

Thank you for the encouragement.

“You must spread some Reputation around before giving it to Clark Fork Fantast again.”

[MaltCueOur]

TV will continue to rise because of the influx of richer people fleeing blue states. Eventually natives will be completely driven to the rural areas.

[Valley Native]

Originally Posted by NearFantastica

Spokane will eventually absorb Coeur D'Alene, Spokane-CDA is already the unofficial name for the area and it will become one single two city dominated metro. I don't see how the two cities can remain distinguishable from each other going forward. All the Spokane issues of crime, homelessness, rising COL, are visible now in Coeur D'Alene. The area is basically Southern California's republican mountain vacation getaway that's just as expensive as California with none of the amenities or beaches.

Idaho isn't anywhere close to California expensive, but it's not exactly a cheap place either. I love the Coeur d'Alene area, and I have made it one of my summer destinations. The main reasons I go there are the summer climate, the scenery, and the natural attractions ... although, I also like the fact that it's close to Spokane, which is a larger city with more amenities, but not too big or congested. Even with Spokane & Coeur d'Alene becoming one metro area, the entire area still seems very laid back to me, and nothing what you described about crime or homelessness. What problems they do have with these things are minor compared to many other areas.