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TripleCord Review
March 2022

  Becka Marston

   Residential REALTOR®
   Direct (208) 957-8017

Meet Becka
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Despite seasonal slow down this winter, the median sales price for the Boise housing market hit a new record high this past month at $549,900.  This 21.6% increase from February 2021 is largely due to insufficient supply to meet Boise’s growing housing demand.  In addition to rising prices, two other factors indicate another competitive buying season may be in store for us this spring:  the number of days a home is on the market before it goes under contract and the percent of original list price received.  Last month, the average Days on Market (DOM) was 23 days.  While this number is 14 days more than February of 2021, it is 10 days less than last month and still well below historical averages.  As stated by Boise Regional REALTORS®, “Buyers may have a bit more time to shop than they did last year, but they will still likely need to make quick decisions once they find a home they’d like to purchase.”
The percent of original list price received for existing homes in February was 99.6%.  This is down from the 105.5% of list price received last year, but it is still significant.  BRR explains: “Buyers may be unable or unwilling to spend over list prices to win a listing, as was common a year ago, or we’re seeing sellers pricing homes more in line with the market comparables.  Overall, we are seeing fewer bidding wars than last year, but that doesn’t mean it isn’t still happening in some instances. It just depends on the particular property, the list price, and what buyers are willing to pay.”
If you have questions about the market and how it may affect your individual buying, selling, or investment decisions, please give me a call.  I would love to meet to help you think through your options!
For more information and specifics on the current market, please check out Boise Regional REALTORS® Market Report HERE.  

Boise Area Events Calendar

Check out our event calendar HERE for the latest local happenings.  Some events may change, so please make sure to check the website links for the most up to date information.
How Global Uncertainty Is Impacting Mortgage Rates
by Keeping Current Matters
If you’re thinking about buying or selling a home, you’ll want to keep a pulse on what’s happening with mortgage rates. Rates have been climbing in recent months, especially since January of this year. And just a few weeks ago, the 30-year fixed mortgage rate from Freddie Mac approached 4% for the first time since May of 2019. But that climb has dropped slightly over the past few weeks (see graph below):
The recent decline in mortgage rates is primarily due to growing uncertainty around geopolitical tensions surrounding Russia and Ukraine. But experts say it’s to be expected.  Here’s a look at how industry leaders are explaining the impact global uncertainty has on mortgage rates: Odeta Kushi, Deputy Chief Economist at First Americansays, “While mortgage rates trended upward in 2022, one unintended side effect of global uncertainty is that it often results in downward pressure on mortgage rates.” In another interview, Kushi adds, “Geopolitical events play an important role in impacting the long end of the yield curve and mortgage rates. For example, in the weeks following the ‘Brexit’ vote in 2016, the U.S. Treasury bond yield declined and led to a corresponding decline in mortgage rates.”

Kushi’s insights are a reminder that, historically, economic uncertainty can impact the 10-year treasury yield – which has a long-standing relationship with mortgage rates and is often considered a leading indicator of where rates are headed. Basically, events overseas can have an impact on mortgage rates here, and that’s what we’re seeing today...CONTINUE READING
"Becka is a GEM! She was such a great listener, an active and attentive advocate, an enthusiastic and engaging agent, and EXTREMELY knowledgeable as she guided us through our recent home purchase. Becka was available and beyond accommodating to answer questions and show us countless houses. She went above and beyond to take care of our family and we are SO thankful for her expertise!"
Riley & Mary Beth Johnston (May 2021)
See more of my client testimonials HERE!

Recommended Service Providers
Do your fall plans include a remodel or necessary home maintenance or repairs?  If so, check out our Homeowners Resources page HERE, where we've listed several different service providers we've used personally or who have been recommended to us.  We are always updating this list, so if you have contractors to recommend, please email me!  

Untold Stories of a Boise Realtor
Last weekend was a busy one!  I was going from appointment to appointment all day Saturday, and I was pretty exhausted by the end of it.  Thankfully, I had a date night out with my husband to look forward to when I was done working.  I met a new client, and after our initial appointment, we decided to go look at a couple houses. 

I have a habit of locking the front door when I am showing houses.  In this crazy, hot market, there is often an agent or two right behind me waiting to show the same house.  I lock the door to keep them out and to give my client the time they need in the house. 
So, my client and I stepped inside, and I locked the front door behind us.  We looked around the house and then headed toward the back of the house to take a look at the yard and detached garage.  As we stepped into the yard, the back door closed behind us.  And you guessed it, it was locked!

So, I had successfully locked myself and my brand new client out of this house.  I tried calling the listing agent to see if she had a spare key and she didn't answer my calls or texts.  We tried the windows and the sliding glass door to no avail.  So I decided to run really fast to show my client the second house she wanted to see.  While I am showing the other house, I get a text from the agent... that is the ONLY key to the house.  Of course it is.  She begs me to go back to try to break in somehow.

I finish up with my client and head back to the locked house.  I go from window to window trying to pry off the screens with my keys and pull as hard as I can on each window.  Nothing.  I try climbing up by the kitchen window to see if I can somehow shake it loose and open.  Nothing.  I try a trick I saw on youtube to get the slider open.  Nothing.  Meanwhile, the neighbors have let out their two enormous dogs who are barking at me right at the fence.  I'm sure they will eat me.  I'm also sure the cops will show up any minute wondering why I'm trying to break into this house.

I finally decide that there's no breaking into this house.  As I'm trying to figure out how the heck I'm going to get that dumb key out of the living room, it dawns on me that I can call a locksmith.  Locksmith is sure he can help but he needs permission from the owner of the house with proof that it's her house.  So, I reach back out to the listing agent (who probably wants to kill me at this point) to get her client's permission.  Easier said than done because she lives out of state and not in this house.  So she has to go digging for something that has her name and the address of this house on it.  Finally, she finds something and the locksmith heads my way.  

The 12 year old locksmith pulls up in his van and in about two minutes opens up the house for me.  THANK YOU!  He then asks for my credit card for payment, so I go to my car to grab it.  It's not there.  I have somehow managed to leave my entire wallet at home.  I ask him if takes checks and of course he probably doesn't even know what checks are.  So, we stand there awkwardly for a while.  

Two hours I was there at that house trying to break in and waiting to rescue the ONLY key.  But, finally, I was on my way to meet my husband for a nice dinner out--covered in dirt and dust from trying to break into a house!
Becka's Recent Activity
4 Days on Market
1208 S Florida Pl, Nampa
Representing Seller
Thimbleberry Dr, Kuna
Representing Buyers 

Lot 4 Empty Saddle Way, Donnelly
Vacant Lot
Representing Buyers
5881 Stafford Ln, Meridian
Representing Buyers
596 E Pennsylvania, Boise
Representing Buyer
2621 Sweet Dr, Nampa
Representing Buyer & Seller
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