Hard money lenders provide fast cash loans in tight markets
It’s a sellers market in Ada County, Idaho.
According to real estate analysis from Boise Regional Realtors, homes in the widely popular region are selling at a rate fast enough to deplete the market to near–historic lows.
Just over 1,700 total existing and newly constructed houses were available for sale in November 2016 – little more than the low point of 1,664 set in January 2013.
Only two months of supply were available when looking at November’s data – less than one month for existing homes below $250,000. The
Months Supply of Inventory metric used to determine supply and demand considers four to six months a balanced market.
The squeeze on the Idaho housing market is indicative of a growing economy and robust migration to the area. However, the highly competitive real estate landscape demands that property investors be both aware and prepared when opportunities arise.
Be prepared with a hard money loan
Whether you’re a house flipper, invest in multiunit properties, or maintain single family rentals, you need to stay highly vigilant as an investor in a tight market.
We’re here to help and are ready to provide fast, convenient hard money loan services to Idaho clients when the need arises. Whether you’re poised to fund a new property deal or need fast cash to put back into an existing investment, give us a call to learn about our financing services. Talk to our Gregory M. Russell team at 1-888-477-0444 or apply online.