Good News on the Home Front

The Federal Reserve raised the federal funds rate seven times in 2022 in an effort to slow down inflation. This drastically cooled the national housing market and certainly our local Idaho housing market. However, this change was much needed to bring our overheated housing market back into a more healthy market. 

Many people wondered if we were headed for another housing crash and decided to put their real estate goals on hold.

In September of last year, we wrote an article stating that we did not think the housing market would crash… but rather it would be cooling off and shifting back into a more balanced market which is what we have seen it do in the last few weeks.

As we are already halfway through January of the new year, we are seeing a tremendous uptick in homebuyers who have been taking advantage of the lower mortgage rates, which have continued to drop, and the lower home prices.  Today homebuyers have more options and negotiation power, and it's still an outstanding market for sellers to get a strong value on their homes. It appears a turning point for housing lies ahead this year.

If you have been considering moving, this window of opportunity might be exactly what you have been waiting for. Let's discuss your goals and see if now is the right time for you.

Call us at (208) 501-8200 or schedule an appointment online to discuss your goals by clicking HERE.

Wishing you the very best this New Year!

At your service, 

Come Visit Our New Office!
1526 W Ustick Rd #130
Meridian, ID 83646
1. BRR: December 2022 & Year-End Market Report

Compared to the last several years, 2022 brought balance and slow price appreciation making it a transitional year.


2. Pre-Approval in 2023: What You Need To Know 

The fact that a pre-approval gives you a better chance of getting your offer accepted is undoubtedly the most important reason to complete this step.


3. Have Home Values Hit Bottom?

Home prices month-over-month have depreciated for the past four months on record, but there’s a strong case to be made that the worst may be behind us.



4. Think Twice Before Waiting for 3% Mortgage Rates

If you’re ready to buy a home now, today’s market presents the opportunity to get a more affordable mortgage rate, find your dream home, and face less competition from other buyers.


Acreage Homes
55+ Homes & Communities
New Homes & Developments
Homes with a shop
Luxury Homes
Horse property
We need your help
Red quote

"Stellar agent"

John West was amazing and really listened to my needs when I placed my first call to him. He paired me with one of his team members, real estate agent Nelja Westwood. I was was living in another state and Nelja was PHENOMENAL! She was very responsive to texts, calls and emails. She was very proactive in looking at houses I asked her to in an expedient fashion, very knowledgeable, and very thorough. She took videos as she toured since I was unable to be there in person. She was very timely in writing up offers and was amazing throughout the stressful home buying process December 2021-February 2022 when the market was a frenzied mess. She worked tirelessly and found ways to use what I had to my advantage. I cannot recommend Nelja highly enough to anyone looking for a stellar agent!

John was unbelievably friendly and checked in several times throughout the process as well to make sure my needs were being met. Both Nelja and John checked in after closing to see how I was doing and if there was anything else I needed. I was blown away by just how helpful and friendly they were.


-S Brown

Nationally Endorsed by Dave Ramsey
5.0 Google Business Review
Your Team at West Real Estate Group
From top left: CJ WestwoodDerek CasselDawn Lee-SchleiderLuke BrodtNicole BrusheyDaniel WestAlex Zayshlyy From bottom left: Marena CrouchVictoria WestJohn WestNelja Westwood