NewHomeIdaho.com Real Estate Blog

4 Things to Know About the Current Shift. Protect Your ASSests

We know that real estate is cyclical. The up and down of real estate is somewhat predictable. The crash of 2007-2008 was on track with the trend but far more devastating than could have been anticipated. While many people lost their homes, retirement and loads of cash, we all gained some crucial knowledge. Some of them being, don't get into extreme amounts of debt (even when times are good), when the market crashed, there is opportunity (flipping, auctions and foreclosures were excellent opportunities for the investor with cash.) and third, listen to your gut. 

The crash created low inventory because apprehensive home owners were and are hanging onto their houses longer before deciding to sell. This has created a shortage of inventory around the country. Locally in Boise, Idaho, we have had historically low inventory for the past three years. So how can we have historically low inventory...