Recent reports indicate that the housing market may be showing slight signs of improvement. For two straight months now, there has been a gain in home sales. It appears that the low interest rates, home affordability, and incentives implemented by the government as part of the economic stimulus package are working, at least in the short term.

While there’s no guarantee that the positive trend will continue, it’s still cause to breathe a slight sigh of relief. After nearly two years of bad news, this country needs a glimmer of hope. Better still, some experts blamed the housing crisis as the precursor to the recession, so logic would lead us to think that a housing recovery would result in positive trends across the economy as a whole.

The Idaho housing market managed to stay slightly ahead of the nation before we were officially in a recession, an indicator that the Idaho real estate market could have the ability to recover ahead of the curve as well.

With more stability in the market, and Idaho home loans on the rise, housing prices are likely to plateau and may start to increase again. That means rock bottom prices and cheap lending may not last much longer.  If you’re even thinking that it may be time for you to purchase a new home, you should act now to take advantage of the current buyer’s market and low cost lending opportunities!

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