The Kuna real estate market has followed suite with the rest of the globe and been in a deep recession for several months now. Continued reports emerge that reinforce the recession and indicate that it may continue for quite some time. Then others report that things may be turning around, especially in the Kuna real estate market.
As the experts debate and critique the few bright spots in the real estate reports, many others wonder what the signs are that the rebound is on it’s way. The Boise real estate market has been buoyed by some downtown development and that invariably will positively effect the Kuna real estate market too.
Kuna is typically one of the good spots for real estate investment as it is closely tied to the Boise real estate market, but has lower prices so it is more affordable to investors. With a limited amount of businesses in Kuna, it has been relegated to a commuter town, which will preserve the values for quite some time.
As far as local real estate reports go, Kuna real estate is dramatically improving with recent success reported in the subdivision, Silvertip. The subdivision reportedly sold 33 homes this spring, of 53 lots. Homes in Kuna are beginning to show signs of life as the mortgage industry improves based on the government granting an $8 thousand dollar first time home buyer tax credit.
The ripple this nice increase in business will cause has even effected the Boise real estate market in positive way. For the first time in a long time the Kuna real estate market is leading the entire Treasure Valley in appreciation.
With government regulations changing to create more favorable market conditions the Boise real estate market will begin to appreciate once again. As foreclosed homes dampen all hopes of a rapid turn around, the people living in the vicinity are bound to see what is coming. Their options seem pretty limited and the local job market limits options for many homeowners.
Many subdivisions have been foreclosed upon by local hard money lenders and they have an 8 year inventory waiting in their reserves. This fact may make is seem difficult to expect appreciation to return but the Kuna real estate market has seen some in recent months.
The Kuna real estate market will see some added stability from the expected modest gains in value and appreciation due to the market factor previously mentioned. This will help investors and home owners alike and should create a stable and profitable real estate economy in Kuna once again.