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With over two decades of experience in providing the highest level service in the local real estate industry, Treasure Valley Properties represents the continuing commitment to excel in our customer and community service. In conjunction with our pursuit of excellence, we bring a knowledgeable full service real estate team combined with professional partners in land acquisition, property management, and financial services.
Our mission is to provide the highest level of service in the industry while contributing to the excellence of living in the Treasure Valley.
We Create Community. We Are Community.
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Monday, May 12, 2008
The dire headlines coming fast and furious in the financial and popular press suggest that the housing crisis is intensifying. Yet it is very likely that April 2008 will mark the bottom of the U.S. housing market. Yes, the housing market is bottoming right now.
How can this be? For starters, a bottom does not mean that prices are about to return to the heady days of 2005. That probably won't happen for another 15 years. It just means that the trend is no longer getting worse, which is the critical factor.
Most people forget that the current housing bust is nearly three years old. Home sales peaked in July 2005. New home sales are down a staggering 63% from peak levels of 1.4 million. Housing starts have fallen more than 50% and, adjusted for population growth, are back to the trough levels of 1982.
Furthermore, residential construction is close to 15-year lows at 3.8% of GDP; by the fourth quarter of this year, it will probably hit the lowest level ever. So what's going to stop the ...
| Posted by maricela at 5:32 PM |
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Monday, May 05, 2008
Developers behind a La Quinta Inn near the Boise Airport face a key public hearing before the Boise Planning & Zoning Commission tonight. The developers' plans call for a 78-room, four-story hotel on West Elder Street, just north of Interstate 84 and west of South Vista Avenue, on a vacant three-acre parcel.
Owners Una Mas LLC and Hement Khatri, of Modesto, Calif., are seeking a conditional use permit to build the 56-foot hotel above the city's 45-foot height requirement as well as a variance to post three 49-square-foot signs.
City planning staff have recommended approval of the hotel, though with only 72 rooms because of traffic concerns.
A staff report says the proposed hotel would complement Boise's comprehensive plan, which encourages airport-related accessory uses near the Vista interchange. Elder Street already houses two other hotels, a Cambria Suites and a Hampton Inn.
Source: IdahoBusinessReview.com
| Posted by maricela at 12:56 PM |
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