A year ago, we published an article detailing the prediction that the Boise housing market would crash. Obviously, the explosive nature of the allegation resulted in a loud reaction from Boise realtors and mortgage specialists, disagreeing with the premise of the article.
Were we right to predict the housing market crash? While real estate professionals will argue that the market is adjusting and not crashing, the evidence would indicate that our market is crashing. The Boise housing market is leading the nation in price reductions. The Hill reported that ‘Boise, Idaho, a thriving pandemic boomtown, is the fastest-cooling in the nation.’ Their article references a study from SmartAsset that ranked the top ten American housing markets that are cooling off.
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