Market Conditions
Boise Currently Ranked #1 in U.S. Appreciation by the Office of Federal Housing Enterprise Oversight!!!
Information at http://ofheo.gov (data through Q3)

Investment Activity
Boise has seen a substantial increase in the amount of investment activity over the last decade. This is due largely to Boise's market maintaining steady rates when the rest of the nation flounders. In 2006, the nation saw a huge decrease in appreciation rates across the board. The Idaho market, however, maintained a steady appreciation rate that now tops the nation at #1. Investment groups and firms have been able to predict this steady rate with stunning accuracy, which has been why investors continue to purchase homes in Idaho when the market at first glance appears to be "cooling off."

Market Strength
Idaho's market strength is still substantially higher than previous years, where the market's strength was never even called into question. What separates 2006 from all previous years is that in 2005 Idaho saw an explosion of investment activity, spurring home prices to skyrocket. Contracts were written on car hoods in driveways where several buyers were competing for the same home. This kind of market couldn't be maintained for long, no matter how strong the market was. Coming out of that frenzy in 2006, home seller's expected similar results as they saw the summer before. And they got them. For the larger part of 2006, home prices continued to rocket and seller's enjoyed appreciation rates that were unprecedented in height. Coming out of 2006 and into 2007, many homeowners feel apprehension, as they don't know what to expect for the upcoming spring and summer. These homeowners will be relieved when 2007 comes and home prices continue to rise. Aside from local hysteria predicting a "bubble burst," most credible investment specialists agree that the market will continue to be strong. Even former Federal Reserve Chairman Alan Greenspan has predicted that the market will be strong in 2007.

Future Predictions
After having weathered the "cold" of 2006, it has been apparent to The Dalton Group that not only will investment activity remain strong in the Boise metropolitan area in 2007, but in many years to come. Not only will there be outside investment activity, but we predict that Boise itself will become a major hub for investors, seeing its own residents invest in single-family homes, land and residential income properties as well.