Economists' Outlook

Housing stats and analysis from NAR's research experts.

  • Record low mortgage rates, steady incomes, and falling home prices combined to boost affordability in Boise, Idaho.
  • The ratio of debt service (principle and interest) relative to the local median household income stood at 9.3% in the 2nd quarter of 2011, down from 9.4% in 2010 and well below the national average of 14.7%.
  • Historically, the local long-term average was 13.4%.
  • Curious about affordability conditions in your market?  For more information, see the Local Market Reports for the 2nd quarter of 2011.
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