Buy or Wait? April’s Boise Housing Update Has Everyone Talking

Boise Housing Market Update – April 2025
By Michael Miller

As we move deeper into spring, Boise’s housing market is buzzing with fresh listings, new opportunities, and a few economic curveballs worth watching. Here’s your no-fluff breakdown of what’s happening with mortgage rates, market activity, and the broader economy—and what it means for you.

📉 Mortgage Rates: Finally Some Good News

Mortgage rates have been on a steady descent since the beginning of the year, giving buyers and homeowners a little more breathing room. Current averages look like this:

• Conventional Loans: 6.25%

• FHA Loans: 5.625%

So, what’s driving the shift? Growing economic uncertainty. As consumer confidence dips and whispers of a recession get louder, investors are reacting—and mortgage rates tend to follow.

But here’s some reassuring context:
In 4 of the last 6 recessions, home prices actually increased, and in all 6, mortgage rates dropped. The only two times prices fell?

• 1991: The Savings & Loan crisis tightened lending dramatically.

• 2008: The infamous subprime mortgage crash.

Today, though, the fundamentals are stronger. Homeowners are sitting on record-high equity, and underwater mortgages are at historic lows. Translation: if a recession hits, it’s less about panic—and more about planning.

Now’s a great time to think long-term strategy. Let’s chat about ways to protect—and possibly grow—your wealth in a shifting market.

🏡 Market Snapshot: Inventory Rising, Opportunities Emerging

If your Zillow alerts have been blowing up, you’re not imagining it—more homes are hitting the market. But here’s the real story:

• Pending sales are up thanks to improved interest rates.

• New listings are outpacing pendings by a 2-to-1 margin.

This growing gap between supply and demand could lead to more room for negotiation, better pricing, and increased opportunities for savvy buyers—especially if demand doesn’t surge again soon.

Bottom line: the market is warming, but where it goes next depends on two big factors—inventory levels and mortgage rates. Keep an eye on both as you search or plan your next move.

💡 Economic Insight: Tariffs Could Impact New Builds

Realtor.com recently spotlighted a looming concern: construction costs could skyrocket—and Idaho is at the top of the list.

Tariffs on building materials may soon hit, making new construction significantly more expensive. So far, builder incentives and rate buy-downs have helped keep new homes affordable despite high interest rates. But those incentives may not last.

What does this mean for buyers?

• New builds might get more expensive fast.

• Existing homes may become a better value in comparison.

If a brand-new home is on your wishlist, now could be your moment. And remember: if you're touring a model home, always register your realtor (that’s us!) so we can guide you through the process, advocate for you, and help secure the best deal possible.

Final Thoughts

This spring market is full of potential—for buyers, sellers, and investors alike. Whether you’re keeping tabs on rates, searching for your next home, or curious about what these economic shifts mean for you, we’re here to help.

Have questions? Let’s talk strategy.
📞 Contact: Michael Miller 📍 Title: Real Estate Agent 📲 Phone: 208-600-2333 📧 Email: [email protected] 🌐 Website: homefoundboise.com

For more insights and updates, follow Michael on his social platforms:

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