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Thursday, July 30, 2009

Kuna real estate picks up as construction returns!

By Gavin King

The Kuna real estate market has followed suite with the rest of the globe and been in a deep recession for several months now. Continued reports emerge that reinforce the recession and indicate that it may continue for quite some time. Then others report that things may be turning around, especially in the Kuna real estate market.

The arguments continue as expert after expert says that the recession will continue, or that it will be over soon, but one thing is for sure there are many positive signs in the local real estate market. The Boise real estate market has received a shot in the arm from the development going on downtown and it will, as always lift the Kuna real estate market with it.

Meridian is frequently the brightest of bright sports of the Boise homes market, and volatility in the commercial sector of the real estate supply and demand will, in the long run, make the Boise homes market even more beckoning to businesses and their workers.

As far as local real estate reports go, Kuna real estate is dramatically improving with recent success reported in the subdivision, Silvertip. The subdivision reportedly sold 33 homes this spring, of 53 lots. Homes in Kuna are beginning to show signs of life as the mortgage industry improves based on the government granting an $8 thousand dollar first time home buyer tax credit.

The ripple this nice increase in business will cause has even effected the Boise real estate market in positive way. For the first time in a long time the Kuna real estate market is leading the entire Treasure Valley in appreciation.

With government regulations changing to create more favorable market conditions the Boise real estate market will begin to appreciate once again. As foreclosed homes dampen all hopes of a rapid turn around, the people living in the vacinity are bound to see what is coming. Their options seem pretty limited and the local job market limits options for many homeowners.

If they have a reliable job, then leaving may not be an option and if they don't then keeping their home not be either. The local real estate news states that Boise has an 8 year supply of residential lots waiting in the inventory of local hard money lenders that have foreclosed on subdivisions that couldn't make it in the current economic crisis.

The Kuna real estate market will see some added stability from the expected modest gains in value and appreciation due to the market factor previously mentioned. This will help investors and home owners alike and should create a stable and profitable real estate economy in Kuna once again. - 23212

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