In just two months, average 30-year mortgage rates have dropped nearly 1.5% to 6.64%. This is one of steepest falls in recent history. [Source: Mortgage News Daily] While rates are still double what they were back in 2021, the change is more important than the level when it comes to buyer sentiment. The drop in rates has shaved a few hundred dollars off the typical monthly mortgage bill.
Buyer Activity Has Bottomed
Existing (pre-owned) home sales broke a 5-month losing streak in November, rising nearly 1% month-over-month to an annualized rate of 3.82 million units. These sales only partially reflect the big drop in mortgage rates in the last two months, so we can expect even stronger numbers in the months to come. The median sales price in November was $388K, up 4% year-over-year. [Source: NAR]
Pocatello, Idaho is a vibrant and quaint gem in Bannock County. It offers a rich blend of nature, history, and culture. Highlights include Zoo Idaho, focusing on species from the Intermountain West, and the Chief Pocatello Statue, honoring the Shoshone tribe leader. The Idaho Museum of Natural History and Bannock County Historical Museum offer fascinating glimpses into the area's past.
For outdoor enthusiasts, the Portneuf Wellness Complex and Gibson Jack Trail provide ample opportunities for recreation. The city's culinary scene boasts establishments like Butter Burrs Restaurant and Sumisu's Asian fusion cuisine. Pocatello's vibrant culture is showcased at the Stephens Performing Arts Center and the Palace Playhouse, ensuring entertainment for all ages.
Ready for a day full of flavors and fun? FARE Idaho invites you to join us for our second Field to Fork Festival! It's happening at the vibrant JUMP in downtown Boise, and trust me, you don't want to miss it.
This festival is a celebration of all things tasty and local. It's a fantastic place to mingle, meet, and marvel at the incredible talent we have right here in Idaho. Whether you're a farmer, a rancher, a food producer, part of a restaurant or bar, or just someone who loves good food and drink, this festival is for you!
The best part? It's free to attend with advanced registration and it's open to the public. So, mark your calendars, bring your appetite and your enthusiasm, and get ready to explore the best of Idaho's food and drink scene.
Click on any of the photos below to get more information about our gorgeous new homes
Pause, Look, & Listen at Idaho Shakespeare Festival Grounds
📅 Date: Saturday, January 13
⏰ Time: 9:00 AM - 10:00 AM MST
📍 Location: Idaho Shakespeare Festival, 5657 East Warm Springs Avenue, Boise, ID 83716
Join the Golden Eagle Audubon Society for an hour of tranquil bird watching at the beautiful Idaho Shakespeare Festival Grounds.
This isn't just your usual birding event. Our "Pause, Look & Listen" series offers a chance to engage with nature in a more reflective, mindful way. Imagine sitting peacefully, observing and listening to the birds around you, all while being part of a small, intimate group. It's about letting the birds come to us, learning from one another, and truly connecting with the natural world.
