Ever think of investing in real estate, but thought that you don't have the extra income or means to put into it?  This article is not a get rich quick scheme or a zero down real estate program, but it will give you a glimpse of what may be possible when you think about what you have to work with when investing in Idaho Real Estate.

Please pick up a copy of the Canyon County Magazine and share this article with a friend.  Whenever you think of buying or selling real estate, please think of me.  Thank you!

Construction at the Garrity Interchange

will begin the first week of January, 2010 and finish in June, 2011.  Construction will affect traffic on Garrity Blvd./Idaho Center Blvd. and I-84.

The Idaho Transportation Dept. (ITD) invites you to attend an open house meeting regarding the roadway improvements.

The meeting will focus on traffic and noise impacts, planned closures and detour routes.

For the first 11 months of 2010, Meridian, Idaho experienced phenomenal sales activity! With a population just over 50,000, there were 1654 homes in Meridian Idaho that SOLD, YTD!

That’s 150 homes each month!

Meridian’s current inventory of single-family homes is approx. 868, as of the first of December. Just a 5.77 months supply.

Home Sales in Canyon and Ada County, Idaho

Canyon County Statistics as of September 1, 2010:

1974 active single-family homes in Canyon County ID were available as of September 1st. 46% of these homes are "distressed properties" 260 are REO by banks (foreclosures) and 655 are short sales (33%).

Idaho Real Estate Levels Lowering 

Not only have prices made a drastic change for Boise Idaho Real Estate, the inventory levels have reflected consumer confidence, jobs, and available financing.

Take a look!  I hope it seems obvious with such low prices, low interest rates and low inventory, now is the time to buy a house!

Here are a few things in this video to get you thinking the right direction:

Boise Idaho Area Real Estate Prices:

If you are an Idaho real estate seller, don't kick yourself too hard for not putting your house on the market a couple years ago. If you have held off for this long, hopefully you can make it through the turn, wherever that might be.

For Ada County average home prices, the drop has been significant, a whopping 25% down from this time 2 years ago (August 2010).  For Canyon County home prices, however, the drop has been astounding! The average sales price of a single-family residence dropped 33% in the same 2 year period!

Take a look...

Idaho Short Sale- What IRS Form do I use for forgiven debt?

Many Idaho home sellers were able to avoid foreclosure by going through the short sale process.

Often times, the short sale lender will issue the home seller a 1099-c form.  This information must be reported on your annual income tax return.

For most home owners who short sold their primary residence, this forgiven debt may be non-taxable. It is important to consult your tax professional or attorney for taxation issues.

The Debt Forgiveness Act of 2007 offers forgiveness of income tax for forgiven debt to most home owners. This Act was extended through the end of 2012. Though most home sellers may not have to pay taxes on the foregiven debt, there are exceptions.