The latest real estate reports are indicating that the housing market may have hit bottom – and it may even be beginning to rebound. The Case-Shiller index, the bearer of much bad news for the past three years, has reported that home prices might be on the rise again after several years of decline.

Overall, national prices were up for June by half a percent – not much, but far better than further decline. In 14 of the 20 major markets surveyed, prices were up for June. This is the first monthly gain reported by the Case-Shiller index in three years.

If you were waiting for housing prices to hit bottom before making an investment in Idaho real estate, you can’t afford to wait any longer. While mortgage rates still remain low to encourage spending, if the economy starts to rebound, it won’t be long before rates are again on the rise as well.

August is well underway, and your chance to cash in on the $8,000 tax credit is drawing to a close. Put simply, if you don’t act now, you’re going to miss out on what is arguably the most perfect opportunities to invest in real estate in history. Not only will you be the proud owner of your new home, you’ll be building equity and stability for your family’s future.

Get in touch with an approved Idaho lender to find out what lending options are available to you, and learn about the excellent programs offered by IHFA!