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Dori Wick
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Date Archives: October 2021

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October
18

All About Idaho's Hot Springs

Idaho Hot Springs

Did you know that Idaho is one of the best places in America to experience the relaxing natural glory of hot springs? They'll all require a bit of a ride from Boise homes for sale, but the trip is more than worth the effort. Whether you're looking for a rugged, natural experience where you can soak in springs surrounded by mountain scenery or an upscale, modern spa experience, there's an Idaho hot spring with your name on it. Our real estate agents have all the details you need to know before setting out to visit Idaho's amazing hot springs.

  • The Springs at Idaho City – 3742 ID-21, Idaho City, ID 93631
    For a resort hot spring experience, few destinations can top The Springs at Idaho City, which are also the closest hot springs to Boise. This resort is equipped with a large outdoor pool, private pools, hot tubs, and tons of spa amenities. There are also rooms for rent nearby, making it easy to plan a family vacation – just remember that reservations are required to visit The Springs at Idaho City.

  • Gold Fork Hot Springs – 1026 Gold Fork Rd., Donnelly, ID 83615
    Some of the largest hot springs in Idaho can be found at Gold Fork Hot Springs, which features six pools ranging in temperature from 85 to 110 degrees. While it's not a spa resort, there are plenty of simple, useful amenities like changing rooms, lockers, outdoor tables, and a snack bar. No reservations are required, but these are some of Idaho's most popular springs so you may want to visit at off-peak hours to avoid the crowds.

  • Burgdorf Hot Springs – 404 French Creek, McCall, ID 83638
    Interested in turning back the clock, and enjoying a truly rustic hot springs experience? The Burgdorf Hot Springs resort is surrounded by nature, with stunning mountain views in every direction. There are cabins to rent, and the resort is so historic that it has earned a place on the National Register of Historic Places. It's best to visit in fall, spring, or summer unless you're willing to make the final leg of the trip by snowmobile in the winter.

  • Kirkham Campground & Hot Springs – 7359 ID-21, Lowman, ID 83637
    If you're looking for a totally natural hot spring, then Kirkham Hot Springs is a popular choice. There's a day-use campground nearby where you can park, then make a quick trek to the springs, which feature multiple shallow pools that make this a popular destination for families. The site also features a few hot spring waterfalls, along with great views of the Payette River.

Tips for Visiting Idaho's Hot Springs

The first, most important rule of visiting Idaho hot springs is simply to protect the land, and the springs themselves. Don't litter, and avoid using soap or anything else that might contaminate the water. Make note of the temperatures of any hot springs you visit, and make sure they're safe for younger visitors if you plan to bring the whole family. Since many hot springs are located in secluded areas, make sure to pack everything you need for the day, including food, bathing suits, changes of clothes, and anything you need for kids.

Searching for a home that makes it easy to enjoy all of the incredible natural attractions that Idaho has to offer? Our team is here to help. Contact us to buy and sell homes throughout the Boise, ID area.

October
15

Stark Autumn Beauty: Shoshone Falls

Don't Let the Lack of "High Water" Keep You from Visiting this Fall

Looking for some weekend adventure, but want to explore somewhere new? If you are in the Boise area, take the two-hour trek to Shoshone Falls in south-central Idaho's Magic Valley. Located approximately three miles west of the city of Twin Falls, the "Niagra of the West" drops an impressive 212 feet, 45 feet higher than the real Niagra.

Though the most dramatic time of year to visit is in the spring when flows can reach in excess of 20,000 cubic feet per second, the fall and winter bring a different kind of beauty. Striking rock formations and stunning pools reveal themselves only when the water is low.

Lying within the Snake River Canyon, the Falls and surrounding geology is a fascinating scene created over millions of years and is truly one of nature's—and Idaho's—most glorious wonders worthy of visiting any time of year.

Shoshone Falls Park is situated at the bottom of the canyon via a fairly steep and curvy road that is open year-round, except when snow and ice make travel too dangerous. The road is paved and fine for all vehicles. In the fall and winter months, the park is open from dawn to dusk, and there is no charge for access. Picnic areas, overlooks, and portable toilets are accessible all year.

Wear comfortable shoes and plan to take a hike along one of the many trails in and around the Falls. Centennial Trail takes explorers 1.4 miles to the site of Evel Knievel's failed attempt to jump the canyon in 1974. The out-and-back trail is paved and features canyon overlooks.

To get to Shoshone Falls from Boise, travel east on I-84 to US 93/exit 173 south to Twin Falls. Turn east on Falls Ave. E to N 3300 E/Champlin Road and follow the signs.

Be sure to stop at the Twin Falls Visitor Center at the south side of the Perrine Bridge for breathtaking views of the canyon and to pick up a trail map.

October
14

View the Latest Employment Report from the Mortgage Professionals at Idaho Central Credit Union

 

 

Latest Employment Report Reveals Job Gains Went Down

This past week, analysts and investors closely watched the latest employment report. Unfortunately, it revealed that job gains went down, falling short of expectations. For the most part, the other major economic reports coincided with expectations. In other news, investors shifted to riskier assets. While doing so, stocks increased while bonds decreased. As a result, mortgage rates ended the week higher.

Job Gains Fall Short in Latest Employment Report

The latest employment report suggested that COVID-19 hindered job creation. Friday's release showed that the economy added just 194,000 jobs in September 2021 against a consensus forecast of 500,000. While this result resembles August 2021, job gains plummeted dramatically from over one million in July of this year.

However, there were many offsetting factors. First, upward revisions added 169,000 jobs to the results for prior months. Second, the unemployment rate declined from 5.2% to 4.8%. Not only did unemployment decline far below the consensus forecast of 5.1%, but it also hit the lowest level since February 2020. These two components often paint a somewhat different picture. While companies provide data for the job gains calculation, the unemployment rate is based on a separate survey of individuals.

Analysts also looked for the latest figures on average hourly earnings. Average hourly earnings, an indicator of wage growth, rose 0.6% from July 2021. This statistic jumped well above the consensus of 0.4%. Of note, average hourly earnings clocked in at an impressive 4.6% higher than a year ago. The latest employment report showed that this number also climbed above an annual rate of increase of 4.0% last month.

Education jobs sharply underperformed expectations. Analysts attribute this due to distortions in the seasonal adjustment caused by the pandemic. Experts adjust education job data to reflect historical seasonal trends, such as the start of the school year. Concurrently, many of the usual hiring and firing patterns changed during the pandemic. To summarize, job gains fell short partly due to seasonal issues related to the pandemic. On the other hand, wage gains remained very strong. Conclusively, the report barely affected mortgage rates.

ISM Service Sector Index Reports Growth

Aside from the latest employment report, the Institute of Supply Management (ISM) released another significant economic report. The ISM national service sector index rose to 61.9. Not only did the service sector index rise above the consensus forecast of 60.0, it also neared a record-high. Levels above just 50 indicate that the sector is expanding. Readings above 60 are rare.

Of note, a large number of companies reported difficulties in hiring enough skilled workers to keep up with growing demand. Many other companies indicated that supply chain disruptions held back production. Because of these current obstacles, later months may see stronger readings as companies catch up.

Looking Ahead After the Latest Employment Report

Looking ahead after the latest employment report, investors closely watch global COVID-19 cases. They also look for hints from Fed officials about the timing for changes in monetary policy.

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We understand that no two paths to buying a home are the same. Whether you're a first-time homebuyer or a seasoned real estate mogul, we have a variety of products and loans designed specifically to meet your needs. We offer local underwriting and fast approvals to save you time and money. We have options for down payments and additional resources like our Finally Home! online program to help guide you through the home buying process. Contact one of our home loan specialists to discuss your options today!

 

October
13

Home Prices in September Hold Steady

Fewer Buyers Paid Over Asking Price for Homes in September 

By Breanna Vanstrom, Chief Executive Officer, Boise Regional REALTORS®

The median sales price for homes in Ada County moved to $534,950 in September 2021, marking a slight 0.8% increase over August when the median sales price was $530,500. 

While prices remained steady month-over-month, the most notable statistic was the share of homes that sold for over list price dropped to 33.1% — the lowest level since June 2020. 

Competition for homes has been fierce for nearly a year, and as market times fell, more buyers were willing to pay over list price, which became a primary factor driving up the median sales price. When the share of homes that sold over list price exceeded 40% in August 2020, the median sales price moved into the $400,000-range for the first time. When it reached nearly 65% in May 2021, that's when prices exceeded the $500,000-mark.  

(For more on this, and additional factors driving home prices, check out our blog post: "Making Sense of the Rising Home Prices in Ada County.") 

That jump in price likely brought prospective sellers to the market, which has helped inventory levels increase. In fact, September marked the sixth consecutive month of inventory growth. The 1,249 homes available for sale at the end of the month represented an 11.1% increase from August and a staggering 165.7% increase compared to September 2020. 

In addition, the average number of days between when existing homes were listed for sale and an offer was accepted increased to 17 days — the longest market time in the last 12 months — and 21.4% longer than the 14 days we saw in August 2021.  

The increased inventory and a slightly slower pace are good news for buyers and may be two reasons that fewer homes sold over list price last month. 

That said, while the Months Supply of Inventory (MSI) continued to trend up — reaching 1.5 months in September — Ada County is still not in the 4-6 month range of supply which is typically considered a balanced market — creating ongoing opportunities for sellers. 

This fall is still proving to be a great time for homeowners to capitalize on the current home prices. For those who are considering selling, we recommend talking to a REALTOR® about the different factors at play within our market and how they may affect different situations.

Stages of a Real Estate Transaction

In each of our reports in 2021, BRR is focusing on the various phases of a real estate transaction to help consumers be prepared before, during, and after a real estate transaction, showing them what their REALTOR® will be doing for them along every step, and the key data points they can look for to make sense of the market.

To view the Treasure Valley homes currently for sale, CLICK HERE.

 

October
4

Fire Prevention: Tips for Keeping Your Home Safe

Fire Prevention TipsOctober 3-9 was National Fire Prevention Week. If you missed it, this is still a great time to focus on fire prevention in your home. Whether you're on your way to buying a new home among Boise homes for sale, or just improving security in your current home, instituting a regimen of fire prevention can help give your family a feeling of safety while preventing tragedies.

Start on these tips right away to help prevent fires in your home.

  • Install Smoke Alarms
    Install smoke alarms in the hallways outside sleeping areas, in all bedrooms, and on every floor. Place smoke alarms high on the wall or on the ceiling. Do not install alarms near bathrooms as steam can cause false alarms and may also damage the unit. The detector placed outside a sleeping area should be loud enough to be heard through a closed door. The best plan is to connect all smoke alarms in the home so that when one sounds, they all do. 

    Test smoke detectors once a month. Press and hold fire alarm buttons until the alarm sounds. If the sound is weak, replace the batteries. Replace smoke detectors every 10 years. Hardwired alarms also require monthly testing.

  • Develop a Fire Escape Plan
    Develop a plan for getting out of your home quickly if an alarm sounds. Develop your plan with at least two ways to escape every room and a meeting place outside. Take into consideration getting pets to safety as well. Practice the plan at least twice a year to make sure all your family members remember the plan.

  • Never Overload Your Electrical Outlets
    Overloading electrical outlets with multiple appliances can lead to overheating and fires. If you need more outlets, have an electrician install them.

    Call an electrician if you are consistently blowing fuses or tripping circuit breakers. This also goes for flickering lights, burning smells from appliances, or warm or discolored wall outlets.

  • Exercise Care with Power Cords
    Throw away damaged power cords, or have them professionally repaired. Use power cords labeled "For outdoor use only" for outdoor appliances. Do not rely on extension cords for permanent power sources. Again, if you need a closer electrical outlet, have it installed. 

  • Be Mindful of Heat Sources
    Keep anything flammable at least 3 feet from sources of heat. Exercise particular caution with candles, substituting whenever possible candles with a wick with flameless candles. If you burn candles, make sure they are located at least 3 feet from anything that can catch on fire. Keep hair and clothing away from the flame when you light the candle. 

    Keep lamps and light bulbs away from anything that can burn, such as bedding, clothing, curtains, or lampshades. Also, make sure you turn off space heaters before leaving your home.

  • Dryer Maintenance and Usage
    Do not leave home while a dryer is drying clothing. Always clean the lint trap of the dryer before starting the drying process. Make sure to have your dryer cleaned and free of lint to avoid fires.

  • Exercise Caution While Cooking
    Be mindful that cooking fires are the number one cause of home fires. To help prevent this, never leave food unattended while it is cooking on or on the stove. Also, keep a fire extinguisher under your sink in case of emergency.

Our real estate agents have more good advice about home safety. Contact us today. 

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/14/2022. The listing information on this page last changed on 08/14/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of INTERMOUNTAIN MLS (last updated Sun 08/14/2022 9:19:06 PM EST). Real estate listings held by brokerage firms other than Coldwell Banker Tomlinson may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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