Boise listed as one of the top 40 heathiest housing markets for 2010 Wednesday, March 17, 2010
Build Magazine has just announced Boise, Idaho as #24 our of 203 on their list of the top 40 Healthiest Housing Markets for 2010.
This is great news of Boise and the housing market. With the increase in building permits pulled and a decrease in unemployment rates, the projected numbers for Boise in 2010 are much higher than they were for 2009.
You can read the full article and see which other cities made the list by visiting Builder Magazine.
Labels: Real Estate News
posted by CBH Sales & Marketing @ 10:34 AM
CBH Homes breaks ground in Fruitland Friday, February 19, 2010
(February 18, 2010) Fruitland, ID – CBH Homes, the largest homebuilder in Idaho, is in the initial phases of constructing 30 new single-family homes in Fruitland, Idaho.
“We saw a need for affordable new homes in the area,” said Ronda Conger, CBH Homes Vice President. According to a 2009 Claritas Data survey, 25% of Payette County citizens are renters. The new CBH homes, which range from the low $100,000s to the upper $200,000s, will provide affordable, customizable, quality housing and the opportunity for many families to become first-time homeowners.
Another reason to purchase a home now is the federal tax credit that has been extended through June, 2010. First time homebuyers can receive up to an $8,000 tax credit if they purchase their own home; existing home owners who purchase a new home after living in their current residence for at least five years can receive up to a $6,500 tax credit.
CBH Homes is now pre-selling its Fruitland homes. According to Conger, this new development is attracting Realtors and homebuyers who have been looking at foreclosed homes and short sales. “They are realizing they don’t have to settle or go through a long process,” said Conger. “We can customize and build a new home in less than 40 days for our CBH Homes customers.”
Founded in 1992 by Boise native, Corey Barton, CBH Homes has built over 10,000 homes in the Treasure Valley. Barton has developed what was once a one-man business operating out of a pick-up truck in to Idaho’s largest, and most respected, home builder. For more information on the CBH homes in Fruitland, click here.
Labels: CBH, Real Estate News
posted by CBH Sales & Marketing @ 5:00 PM
Is 2010 the Year a House Once Again Becomes a Home? Friday, January 15, 2010
Dotloop.com posted an amazing story on January 13, 2010. We loved this article and wanted to share it with you.
They keep bringing little chocolates into the office.
This can’t be a good thing.
Every time I get up from my desk to get something I print off, I come back not only with a few sheets of paper, but a few miniature Krackels and Mr. Goodbars, too.
They’re delicious, but the holidays are over. I need to get back to the swing of things and start eating right again. I’ve had my months of gluttony—now it’s time to focus, to get back to the basics.
Likewise, the housing market needs to do the same thing. It had its years of gluttony, of record-breaking ROI, but the housing bubble–just like Christmas–is over. It’s 2010, not only a new year, but a new decade. Let’s get back to basics, starting with rule #1: a house should be a home first–not an investment.
Down the Drain?
Over the last few days, I’ve read many posts about people who purchased a home or a condo only to have lost a third or more of their equity. Obviously, losing equity in a home can be a hard pill to swallow, but unless you’re selling it tomorrow, you really haven’t “lost” anything.
Now, this is not in reference to the families who’ve lost their home, either through foreclosure due to job-loss or illness, but rather, folks who “lost” some imaginary notion of wealth based on the market value of their home.
After all, they still have a roof over their head, right? And if they’re lucky, their mortgage payment hasn’t changed.
The miniature Hershey bars are delicious. But if you told me that the “value” of Hershey miniatures went up to $400 an ounce, would they taste any better? Probably not. Likewise, if your house’s value goes up, it may make you feel better, but the house itself hasn’t changed.
More Than a Piggy Bank
Let’s get one thing straight: I don’t own my house. The bank owns my house; I’m just paying them off over the course of 30 years. I’m renting to own.
In the meantime, however, I have free reign to paint the hallway with orange stripes or add a deck made of cereal boxes in the back if I so choose. I can decorate it as I please and make the house reflect who I am. I don’t have to worry about noisy neighbors, jerky landlords, or weird smells emanating from someone else’s kitchen. If I have kids some day, I can raise them in the house. It’s my responsibility to keep it nice and not fall apart. It’s a lot of work, but anything worth having usually is.
My house is a place for me to live in, not a piggy bank. I don’t view my house as a source of income when I retire–that’s what my 401(k) and IRAs are for. My house is simply my haven from the world–a space that I can make my own and come “home” to.
The more we attach our worth and value as people to the things we own, the more stressed out we’ll be, and there’s already enough stress in being a home “ower”.
So, enjoy your house and make it a home. If it happens to go up in value, good for you; but if it happens to go down, don’t sweat it. After all, you have a roof over your head. A house should be about making a home, not about increasing your net worth. When it all comes down to it, a house is just a building. A home is something different entirely.
So, no more miniature candies for me. And no more stressing out whether or not my house is “worth” it. Because it’s worth it to me and, even if the world says it only has a value of $5.34, I can still walk into the front door and shut them out, in peace. Because I bought my house to live in, not as a barometer for success. The Joneses are more than welcome to pass me by if they like.
And hey, if it is only worth $5.34, think about how much money I’ll save in property taxes!
Labels: Real Estate News
posted by CBH Sales & Marketing @ 1:44 PM
New tax credit available for more than new homeowners Friday, November 6, 2009
After being passed through the House and Senate, President Obama has signed the new bill extending and expanding the homebuyer tax credit today. The new bill extends the $8,000 tax credit to first-time homebuyers for seven months, but will also provide $6,500 for previous homeowners. In addition, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for full tax credit.
According to Builder Online, the House voted 402-12 to approve the extension and expansion, while the Senate passed the measure 98-0 and as expected President Obama signed the bill today. In order to qualify homebuyers will have to purchase a home on or before by April 30, 2010 and close by June 30, 2010.
The IRS has reported than an estimated 1.4 million people have already applied for the homebuyer tax credit. There are high hopes that the extension and expansion will not only help boost the economy, but will create more jobs and generate even more home sales.
If you're looking for the perfect time to buy a home, you've hit the sweet spot. This is the time you've been waiting for. All the right reasons to buy have come together, but this great moment of opportunity won't last forever. With interest rates increasing, and the extension and expansion of the tax credit through June 2010, you might want to hit the sweet spot - while it's still, sweet.
CBH Homes has an extensive selection of affordable homes and new communities coming available soon throughout the Treasure Valley. Click here for a list of move-in ready homes.
Labels: Real Estate News
posted by CBH Sales & Marketing @ 10:42 AM
CBH Homes maintains position on Builder 100 list Monday, July 7, 2008
When I heard that the Builder 100 list was going to be published online, I was nervous and excited all at once. Where would we land, I wondered? 2007 was a challenging year for the entire real estate industry nationwide. But I knew we had a good year considering, and that our economy in Idaho was in much better shape than in many parts of the United States.
I am proud to say CBH Homes ranked No. 67 among all home-building companies nationwide, with 833 home sales in 2007! Despite the testing market, we held strong and kept the same position from 2006. CBH also maintained its position as the No. 1 home builder in Idaho.
Here’s a link to the complete list
We were ranked just above Avata Holdings of Coral Gables, FL, No. 68, with 780 homes and just below Polygon Northwest Co. of Bellevue, WA who climbed up the list to No. 66, with 849 home sales.
Along the way we have tried a number of innovative techniques to keep home sales moving along, including selling homes on eBay last August and discounting prices from $30,000 to $70,000 per home in a single weekend campaign titled “Deal of a Lifetime” in October 2007. We’ve also redesigned our website to provide more information to the user and held a Guitar Hero tournament at our Square One center to attract young first-time buyers.
Flexibility is our key to success in a market that bends and sways in all directions. We are constantly listening to our customers and searching for new ways to improve and stay on top of the market.
Labels: CBH, Real Estate News
posted by CBH Sales & Marketing @ 4:40 PM
TheStreet.com: A Great Time To Buy A Home Monday, April 28, 2008
It's hard to turn on the news today and not hear negative comments about our national economy. But, while things can seem universally unfortunate, if you're in the market for a new home, this is actually a fantastic time to buy! But please, don't just take my word for it...
Last week one of the leading online financial companies, TheStreet.com, posted seven positive financial opportunities this market currently provides to consumers. The first two opportunities they listed were:
1. AFFORDABLE HOMES. Down economies are short-lived and housing markets should recover long before most people are planning to sell their home.
2. LOW MORTGAGE RATES. The Fed has made interest rates incredibly low, resulting in more affordable loans for those wanting to purchase a home.
The complete article is great and discusses other opportunities as well such as inexpensive stocks and financial streamlining. Something everyone should read when they get a chance. To view their full piece, please click here.
Labels: Real Estate News
posted by CBH Sales & Marketing @ 10:49 AM
2008: A beautiful day in the neighborhood Thursday, January 24, 2008
It's a gross understatement to say that much negativity has been reported on the state of the housing market recently. Last year all we heard was a seemingly-limitless amount of reporting from the national media about "how bad things are out there." It seems as if every shred of data has been mined, extracted, analyzed and sliced to dramatize the point. But what's amazing to me is that the most obvious of points has been missed:
The housing market has returned to where it should have been in the first place!
Allow me to explain...
We live in a time when yesterday is forgotten about almost instantaneously. I understand. But sometimes we have to hit pause and put things in their proper perspective.
America has had an active housing market since the early 1900s, and since that time, the basic principles haven't changed: if you buy real estate, over time, the value will steadily increase. Kind of like the Cost of Living index which steadily rises year-over-year. And over the last century, the housing market has performed in this manner. Yes, some years it has increased or decreased more than others, but nothing too dramatic.
That is until 2005, when real estate went CRAZY! Prices shot up like a rocket. Straight up! And then, in 2006, the natural consequence happened: the rocket returned to earth just as dramatically as it rose. Such intense fluctuation required a full year to re-adjust and nurse our headaches - thank you 2007. But now we're back to normal, where things should be, just as if the last three years never happened.
I say this because I keep hearing people comment that they are "waiting to buy." It's easy to understand why: the media has been very dramatic. But if you're in the market for a new home today, the market conditions are like they should be: normal. Oh, except for one small point: THERE'S TONS OF INVENTORY, favoring the buyer.
Personally, I believe everyone should feel the joy of new home ownership. So whether you're looking to buy for the first time or wanting to trade up, don't be hesitant, be confident. Consider:
- A new home remains the best long-term investment available to your family.
- The Treasure Valley continues to grow at an aggressive rate, still topping many "best places to live" lists.
- With the recent Federal Reserve rate cuts, mortgage rates are at near-record lows.
Changes in our lives and personal goals tell us when it's time to buy a new home. And it's different for everyone. So please, don't put your whole life and dreams on the back burner just for the sake of doing so. If your family has grown, if you're ready for a new part of town or if you just crave something new, then you're ready! And the housing market is ready for you. Go upon your home search with the utmost confidence. There's plenty of inventory to choose from and your perfect home awaits. Go claim it, my friend.
Labels: Real Estate News
posted by CBH Sales & Marketing @ 1:22 PM
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