Boise Homes: Portfolio Loans

Portfolio loans are loans that a lender “keeps” vs. selling them to Fannie Mae or Freddie Mac at closing.

They can be a useful tool for buyers who don’t fit into traditional lending guidelines.

You won’t find portfolio loans at most large lending institutions, but some credit unions offer them and they can be a good option for a borrower who’s a good credit risk, but lacks the ability to qualify for an agency loan.

Examples might include a newly-minted physician, dentist, or veterinarian who is just out of school and starting a new practice.

Portfolio loans offer the ability for creative solutions, such as securing a loan with more than one property, future principal reductions, and re-casting the terms of the loan in the future.

I work with a local credit union that offers very flexible portfolio mortgage financing.

Give me a call at (208)938-5533 if you would like additional information.


Boise Homes For Sale: Empty Flyer Boxes

I hear a lot of comments (mostly complaints) from buyers of Boise homes about empty flyer boxes.

I’ve never understood why a listing agent will install a sign with a flyer box, then not ensure that there’s a supply of flyers in the flyer box.

It’s common practice for buyers to cruise neighborhoods they’re interested in and pull flyers for homes that appear interesting.

An empty flyer box usually results results in one of two outcomes ~ eliminating the home from consideration, or calling the listing agent to get the price and other information.

In most instances, the buyers will simply eliminate the property from consideration and keep on looking.

Is it really that difficult to keep flyers in the flyer box?

Empty flyers boxes are frustrating to buyers and can cause a seller to lose a sale.

They’re also a good example of lousy service for the seller.

Worse yet are signs lacking flyer boxes and flyers without prices.

But, those are topics for future blog posts.

Buyers: What have you experienced with empty flyer boxes???


Eagle Idaho: High-End Market Analysis

Here’s a detailed look at the Eagle Idaho high-end (above $750,000) market.

Eagle Idaho Available Homes

  • # Available: 45
  • Average Asking Price: $1,242,262
  • Median Asking Price: $899,000
  • Months’ Supply: 26.0

Eagle Idaho Pending Sales

  • # Pending: 14
  • Average Asking Price: $888,438
  • Median Asking Price: $833,000

Eagle Idaho YTD Closed Sales

  • # Closed: 17
  • Average Sales Price: $984,158
  • Median Sales Price: $875,000


  • The Eagle Idaho high-end market is saturated with supply vs. very few closed sales.
  • 26.0 months’ supply = 2.2 years’  listing supply (if no more homes are listed).
  • Only one of the 45 available homes has had a price reduction.
  • 17 YTD closed sales represents .27% of all 6,411 YTD closed sales for Ada County.
  • 17 YTD closed sales represents 3.1% of all 542 YTD closed sales in Eagle.
  • If all of the 14 current pending sales close, the months’ supply number will improve considerably.
  • If you’re a high-end seller in Eagle, you must be competitive to achieve a sale!

Data pertains to Eagle, Idaho $750,00+ homes on lot or acreage.

Data does not include condo or townhome properties.

Months’ supply is calculated by dividing the 2014 YTD average monthly closed sales into the number of available homes.