The Boise-Nampa metro area is the most improving housing market in the U.S., according to a report from CoreLogic, a national real estate research company.
To measure the area's market improvement, the company used year-over-year changes in its monthly real estate strength metrics — number of sales, home prices and delinquencies — in which it found a 14.9 percent improvement.
One of the area's real estate offices also recently topped a ranking of most housing deals. According to the Denver-based Real Trends Inc. consulting company, Keller Williams Realty Boise was the busiest firm in the country, closing 3,136 residential real estate transactions last year.
The Treasure Valley market is at its strongest since July 2008, partly because of the lowered unemployment rate "driven mainly by increases in mining, logging and construction employment" in Idaho, CoreLogic said. Boise has had a 15.9 percent year-over-year increase in home prices in June 2012, and inventory of houses for sale has fallen by about 35 percent. CoreLogic predicts housing prices will rise.
The Boise-Nampa metro area was ranked No. 10 most-improving by CoreLogic in March.
