We have a fantastic new listing that just hit the market in Meridian! Scott Harris is here to share all of the details! This home is a hobbyists dream…

Movement Mortgage is here! Listen in as Ron Wieczorek fills us in on the transition to Movement Mortgage. He also keeps us up to date on what’s happening in the mortgage world.

Kristy Sternes from the Idaho Humane Society joins Thom and Dave to talk about Sip N Purr. This is a great event to help raise money for the kitties out at the Humane Society.


Segment 1

Dave Burnett: This the Idaho Real Estate Buzz. He is Thom Dallman, the co-owner, also an Associate Broker with Core Group @ eXp. CoreGroupRealty.com, the website. 208-933-7777, that is the phone number to call. Thom, another great week, and another great week to buy real estate.

Thom Dallman: Yeah. It's never a bad time to buy.

Dave Burnett: Exactly.

Thom Dallman: We made it through the holidays with our lack of inventory continuing on, but things have kind of started moving again after the holidays, and we're starting to see more of those listings coming on, and more opportunities out there for the buyers. So-

Dave Burnett: And let's-

Thom Dallman: We've had a whole lot of buyers come on. And so, if you're thinking about selling, now's a great time to do it, because we've got a lot of buyers looking right now. So-

Dave Burnett: And honestly, the weather's been fantastic.

Thom Dallman: It has been. It's been amazing.

Dave Burnett: You know, we're not all ... It's not like the Midwest, where they're all locked inside. We've been out enjoying a very mild winter here in.

Thom Dallman: Exactly.

Dave Burnett: So, it's been nice.

Thom Dallman: Gotta love it.

Dave Burnett: Scott has joined us. Scott, of course, one of the agents here at Core Group @ eXp, talking a little bit about some of the properties that you have listed at CoreGroupRealty.com.

Scott Harris: Yes, sir. Good morning.

Dave Burnett: Welcome back.

Scott Harris: Well, I have a listing coming live this week. We're looking at 2683 South Bear Claw. That's in Meridian, 83642. A very beautiful home. It's a four bed, three and a half bath on a quarter acre. Lots of great features on this property. It has a three car garage with the third bay that's a pull through. It opens up to a 28 by 30-foot shop back there, that's-

Dave Burnett: Wow.

Thom Dallman: Wow. Nice.

Dave Burnett: Yeah. It's wired for welding. It's got all your compressor hoses ran and everything. So, a very neat house. It'd be a great home for a pet lover. They got a little potty station that's actually hooked up to the city sewer and stuff.

Thom Dallman: I saw the picture of this, and I was like, "What in the heck is this potty station?"

Dave Burnett: Okay. Explain this a little bit. How does this-

Scott Harris: It's quite interesting. It's pretty much just a ... I don't know, just a little cover made out of tin. Has heated floors. It's got a hole right in the middle. The dog goes out, does its business, and it pretty much washes itself down into the pipe, and goes out into the sewer.

Dave Burnett: Into the sewer.

Scott Harris: Yeah, so ...

Dave Burnett: Wow. Somebody was being very creative with that.

Thom Dallman: Right? Exactly.

Scott Harris: Quite interesting, so ... Yeah. A great house home.

Dave Burnett: Inside the home, what are we looking at?

Scott Harris: Once again, four bed, three and a half bath. Hardwood floors. Got fireplace. Jetted tub. It's a two-story, so we got your main bedroom down on the main floor, your master. And then upstairs, you've got three additional ... The fourth bedroom ... Excuse me. The fourth bedroom could be used as a bonus room or an actual bedroom. It does have a closet, kind of tucked off to the side.

Dave Burnett: Very good.

Thom Dallman: Cool, cool. What was the address of that again?

Scott Harris: 2683 South Bear Claw, 83642, in Meridian.

Dave Burnett: I have to qualify it this way. I mean, at one time we said, "It's in Meridian," you kind of knew where it's at. What part of Meridian is it in? Because it's grown so much.

Thom Dallman: Yeah, right? Now you have to actually ask what-

Scott Harris: Yeah, so this is South Meridian. Meridian exit, head south. Victory, make a right. Head west, and you'll run right into it there. Pretty much Linder and Victory.

Dave Burnett: Cool.

Scott Harris: We are coming on at $425,000.

Dave Burnett: Okay.

Thom Dallman: $425,000?

Scott Harris: Yeah.

Thom Dallman: What was the square footage?

Scott Harris: 2,730.

Thom Dallman: Wow. 2,730.

Scott Harris: Yeah.

Dave Burnett: Two floors.

Thom Dallman: And you said a quarter acre property?

Scott Harris: It is.

Thom Dallman: Awesome. That's a nice size lot, too.

Dave Burnett: And that pull through garage.

Thom Dallman: That's awesome.

Dave Burnett: With a shed out back to be able to work in. Holy ...

Scott Harris: Oh, yeah. It's cool. It's cool. The shop's got a bathroom in it. It's heated. It's super cool. Somebody that had hot rods or a hobby or something would absolutely-

Dave Burnett: Yeah, I was gonna say, somebody who's a car tinkerer.

Thom Dallman: Right?

Scott Harris: Yes, sir.

Dave Burnett: It is a dream come true for them.

Scott Harris: Exactly.

Dave Burnett: Scott, if they want to get ahold of you at Core Group @ eXp, how do they do that?

Scott Harris: They just call in to the office there.

Dave Burnett: 208-933-7777.

Thom Dallman: 7777.

Dave Burnett: That's the phone number to call.

Scott Harris: Yup, and you could get on our website. Not just myself. We have agents, buyer's agents throughout the office, and they could help you just as much as myself. But yes, please feel free to give us a call and set up a time to get out there and take a look.

Dave Burnett: Yeah.

Thom Dallman: And it'll show on our Featured Listings page, on the CoreGroupRealty.com site as well, if you wanted to go there to check out the listing, as well. Just hit Featured Listings, and it'll be right there.

Dave Burnett: Along with any other listings with Core Group. And of course you have access to the MLS, the Multiple Listing Service. So really, you find out what's happening all over the Treasure Valley.

Thom Dallman: Exactly, exactly. And the most updated information in there. It's updated every 15 minutes on our home search site, so you're getting the most current listings that are available as they hit the market.

Dave Burnett: Yup. Now, we talked about the fact that not only a great time to buy a house, but it is a good time to sell a home, as well. Something I started thinking about, we haven't talked about. There's a couple of guarantees. A couple of programs that Core Group @ eXp offers for somebody, giving them a little bit of confidence.

Thom Dallman: Yeah. We have-

Dave Burnett: Talk about what a big financial transaction this is, so-

Thom Dallman: Exactly. It can be super stressful.

Dave Burnett: Putting your house up for sale, it can be scary.

Thom Dallman: Exactly. It's super stressful, and when you're working that hard on one of your biggest investments, it's important to have that trusted advisor, as we have always talked about. Those people that you know are gonna work the best. But to have a backup and a guarantee, like our 59 Guarantee Program, where if we don't sell your house in 59 days, we don't pay a listing fee on it, is a great sense of ease for people. It's a very organized, very detailed program, so we like to sit down and kind of go over it with people before we list, and show them the different programs that we have for listing. But that's the 59 Day Guarantee, is that ease of mind that if ... You know. We're gonna get it sold in 59 days, because we don't want to, you know-

Dave Burnett: Now, you throw the term "listing fee" out there. What does that entail?

Thom Dallman: That's the commission. So, the commission on the listing side, we waive that if we don't get it sold in 59 days.

Dave Burnett: So basically, you're taking it upon yourself corporately, as a company-

Thom Dallman: Mm-hmm (affirmative). Exactly.

Dave Burnett: You know-

Thom Dallman: To list that for free.

Dave Burnett: A strong enough confidence that you're gonna get it sold, that you're willing to say-

Thom Dallman: Exactly.

Dave Burnett: ... "You know what? We'll swallow that cost if we can't do it in 59 days."

Thom Dallman: Exactly. It's a very specific program, like I said, and a very detailed plan goes into it. So, we really like to sit down with people and kind of explain it to them, as well as give them the other options of just what they're looking at in a traditional listing as well.

Dave Burnett: I guess ... We didn't discuss this beforehand, but you'll see those signs on telephone poles, "We'll buy homes!"

Thom Dallman: Yup.

Scott Harris: Yeah.

Dave Burnett: Which, a lot of times you're gonna regret you ever called those numbers.

Thom Dallman: Yeah.

Dave Burnett: Because it's not through a qualified sort of a situation. This is something that Core Group-

Thom Dallman: Yeah. Those typically will be investors, that are looking to kind of ...

Dave Burnett: This is something that comes through Core Group, a company that has been there for years, and has a reputation to follow up as to that guarantee.

Thom Dallman: Yeah, yeah. We have. We've had that guarantee for years now, and numerous people throughout the years have taken advantage of it and used it. We have several houses that we've listed for free, because they didn't sell in the 59 day. But for the majority of it, I think we're at 95% of them sold within the 59 days. But there's a couple.

Dave Burnett: Well, you know what? If you didn't have confidence that your team could do it-

Thom Dallman: Exactly.

Dave Burnett: ... you couldn't offer the guarantee.

Thom Dallman: Exactly.

Dave Burnett: That's the bottom line on it. What's another program you might have?

Thom Dallman: Yeah. For the buyer's side, we have our Love It or List It Program. It's our guarantee that if you, within 12 months, just feel like you do not love the house that you bought ... If, you know, you find out that you just not the right fit and stuff, we'll list it for you and get it sold for you at a discounted listing fee, so that you're not getting too much of a hit paying the commissions again to get it sold. So, it's that ease of mind of knowing that if you buy a house, and you're just not loving it, we'll help you get into the house that you do love.

Dave Burnett: Where were you when I bought a home in Pocatello once? It was by what they call the hump yard.

Thom Dallman: Yeah.

Dave Burnett: Nobody explained to us that at nighttime ... Which, by the way, we didn't look at the house at nighttime ... There was a train yard, and there was a big, what they call a hump yard. They'd roll these train cars down the hill, and it'd go csssshhh. A great big noise-

Thom Dallman: Yeah. Exactly.

Dave Burnett: ... that would happen for about three hours every night.

Thom Dallman: And we've had people, for various reasons ... Whether it's they get into a home, and six months later find out that the homeowner's association is super restrictive, and they're just not jiving with the neighbors. Various things, you know? I think we've had one client that didn't realize that they were in the path of airplanes from the airport, and so, you know. They had airplanes flying over all the time, and so wanted to get out of the house, as well. So, various reasons that people just decide that after a few months, they're just not-

Dave Burnett: It's just not right.

Thom Dallman: Yeah. It's just not the right fit for them. And we want to make sure that people are in their homes that they love, and that are the right fit.

Dave Burnett: I'll explain this ... When it comes to making sure that you're happy with the purchase or the sale of your home, it's because a big part of your business is based on repeat business.

Thom Dallman: Yeah. Exactly.

Dave Burnett: The average American moves every five years, so five years from now, they'll be coming back saying, "Hey, Thom. You did such a good job for us. We want you to do this again."

Thom Dallman: Yeah. Well, that repeat business, but also the referrals. You know? We want to do a good enough job with our clients that they're telling their family and friends. When their family and friends are looking to sell or buy, hopefully they're saying, "Come and talk to Scott over at Core Group. He's awesome."

Scott Harris: That's huge.

Dave Burnett: That property, by the way again, that Scott was talking about, is on Bear Claw in Meridian. Check that out. You can go to CoreGroupRealty.com. Go to that website. Check it out on the Featured Listings, and take a look at Bear Claw.

Scott Harris: Bear Claw.

Dave Burnett: If you are a car tinkerer, or somebody who has some sort of an activity doing a shop ... Perfect, perfect location for you.

Scott Harris: Mm-hmm (affirmative).

Dave Burnett: Core Group Realty @ eXp. That is of course the company. CoreGroupRealty.com, that is the website. And the phone number to call, 208-933-7777. Find out why they say, "You get more with Core."

Segment 2

Dave Burnett: This is the Idaho Real Estate Buzz. He is Thom Dallman, the co-owner, associate broker with Core Group Realty. CoreGroupRealty.com, that is the a website. 208-933-7777. I should say Core Group at EXP Realty-

Thom Dallman: At EXP Realty, yep. You missed that EXP in there.

Dave Burnett: Well, that name's actually been changed for a while.

Thom Dallman: Yes.

Dave Burnett: But You've been core group at EXP for a while.

Thom Dallman: And unlike our name change, or rather newer change, we're on here with Movement Mortgage.

Ron Wieczorek: That's newer.

Thom Dallman: Exactly.

Dave Burnett: Formally Eagle Home Mortgage, but it is now Movement Mortgage equal opportunity lender.

Ron Wieczorek: Absolutely. It's a movement of change.

Dave Burnett: There we go and you've been a training off and on here for the past couple of weeks for Movement, getting adjusted to-

Ron Wieczorek: Just promoting their systems, getting into a 2019. As much as I loved Eagle and all the same people are in place that I reported to talk to and a game planned with are all the same, now we just have greater resources at our fingertips and more ability to get out there. So I'm pretty excited about that, even though I'm considered a woolly mammoth sometimes when it comes to that stuff. You can see me banging on the desk. They said it was in the computer.

Dave Burnett: The wooly mammoth.

Thom Dallman: The wooly mammoth. That's a new one.

Dave Burnett: I like that.

Thom Dallman: So the moon is going pretty well then for the-

Ron Wieczorek: Move's going great. Their leadership came out when the acquisition first was announced and now we're getting more of the folks' boots on the ground with people that are training us and introducing them to the systems and the culture and everything. So it's been great meeting new people and those contacts that we're gonna rely heavily on to do business with, from going on. So it's exciting.

Dave Burnett: You know, we were talking during the break, about the fact that you really like your indexes, you like your studies, you like knowing what's going on within the industry, within real estate and mortgage. Some new numbers came out.

Ron Wieczorek: New numbers came out, and quarter four of 2018 was the real house price index. What that index is, is it's an affordability index. What it really tells us is how affordable are homes compared to history all else equal. So everything goes into this calculation. They don't us income from 1980 and compare it to income from 2018. It's all relative to that time frame, and they base it off an index. Long Story Short, if that index is over 100, that means homes are more affordable than they were in the past or historically. If it's under 100, that means homes are less affordable than they were in the past.

And before we dive too deep into that, I'm going to talk about what's driving a lot of that. And it's something that, Tom, we've talked about endlessly to clients over the past couple of years is inventory. We talk and talk about inventory being low. And that gets kind of brushed aside, and I don't hear people talking about it enough is, we have all our numbers of why inventory's low. Prices are going up. More people are entering the housing market. But why? And that's because for 10 years after 2008, after the bubble burst, nobody was building homes. So when you have nobody a full decade or close to a decade, and I guess they started a couple of years ago, almost a full decade of nobody building homes, especially starter homes, when the market does pick back up, what are they going to buy if no one's building it?

So now we're all behind the eight ball trying to catch up and trying to snag up these starter homes. And in places like Boise where you see a high net migration of people come into their area or people wanting to get into their careers and get into the ability to buy a home, that's their first target is to buy that. For somebody that's bought the third or fourth home and they're upgrading, that's a different story. There's inventory in those areas. But it's ... for them to free up the home, their starter home, they have to ... there has to be something there. And if you haven't built for 10 years, it's not going to be there.

Thom Dallman: There's also those that moved back home during the during the housing crunch, during the job crunch and now they're moving back out and buying homes again.

Ron Wieczorek: Right. Yep.

Thom Dallman: So again, putting stress on the market.

Ron Wieczorek: So when house ... and we've seen a good economy and we really have, we've seen the income grow at 2.9% since over the past year, which is far, it's greater than it's been the previous years. We had some, you know, we call it the great recession and we had a lot of down times and unemployment's at a low. So we have a lot of these positive numbers that are boosting consumer's home buying power.

And a lot of folks are saying, "Well, I'm making more now than it was before, but I still can't maybe get into that home that I want to get into." And the reason for that is because we're seeing ... a couple of reasons. We're seeing that the adjusted house prices are going up. They've gone up nationwide about seven and a half percent over the past year. In Boise it's been 18%, we lead the nation in home appreciation over the past year. So in Boise, that's even more amplified, right? A mortgage rates have gone up 0.8%

So if you have that combination of seven and a half percent increase in home prices, and you have a0.8% increase in rates and you only have a 2.9 increase in incomes, well there's a problem, right? So that's where that number that I talked about is going down below 100. It's been down below 100 all year, but it's further down 100 and it's at 91 right now. And that's that affordable index that I talked about.

The good news is there's silver lining. I know I come on here a lot and it sounds doom and gloom, but I'm just relaying some of the numbers.

Thom Dallman: We'll just call it reality.

Ron Wieczorek: Yeah. Reality. Yes. It kind of gives a background of why things are happening. The silver lining is that it was 89 in the middle of the quarter. So it's actually-

Thom Dallman: It's better. it's actually getting better.

Ron Wieczorek: It's actually gotten better since. And the rates ... a big reason for that, and I talked about this a couple of weeks ago, was that the rate outlook now is looking better than it was. Everyone in 2018, we had four rate increases. They had three scheduled for 2019 and they've come off that a bit to maybe there won't be any increases. Maybe they'll stay stable. And if those rates stay stable, that I think it's going to be the linchpin of allowing a lot more people.

So now the income's going up. If the market softens with some of the appreciation homes, because how high can they really go? At what point do they stop? So, if we see some settling down there and a loosening up of that inventory, which I think is a real good thing.

Thom Dallman: Yeah, that would be a good thing.

Ron Wieczorek: That you'll start seeing that affordability index go creep back up to 100 and maybe above 100. And it's all kind of a fluid market, and that's what we all look at, and that's what we all track. It's the same thing with the stock market. The housing market has its own index as a kind of dictated, and that that leads to what public policy looks like and what our Congress and Senate has to take into account when they're putting some of these policies into place of who can afford it. It can't be what's going on in their lives, because they're kind of isolated from that.

Dave Burnett: But at Movement Mortgage, you don't have a crystal ball on your desk do you, to be able to say, here's what's going to happen is more, here's what did happen, here's what might happen?

Thom Dallman: It was kind of an educated guess, I would imagine as-

Ron Wieczorek: Crystal ball, no. I can go off what I thinks going to happen. And I do think that, over 2019, I think we're going to see a loosening up of some of the inventory. I think we're going to see a softening. Now when I say softening of prices, that's relative. The nation saw seven and a half percent increase. We saw 18%. I don't think we're going to see 18% again. That would be another wild ride, and that would exclude a lot of people from being able to afford homes. And then it comes to where do we live, how far do we commute, how far do we get out of town?

And then you have your labor. You hae your, everyone that supports the economy that has to find a place to live. And the rental markets are up. But I do think it's going to ... I think the prices are going to go increase, but not at that level that we've seen in 2018.

Thom Dallman: Well, that's kind of what they're predicting across the board with a lot of economists is that, yeah, the prices are gonna definitely slow down in our area.

Dave Burnett: Right. So when they say slow down, are we looking at dropping to the national average? Below that? I mean, do we have even kind of an educated guess how the appreciation will go?

Ron Wieczorek: I'd be pure guessing if I had a guest, but I still think I still think based off the numbers that we see with, and I use this term a lot, that net migration, because it's still a very desirable place to go. There's jobs that are coming here-

Thom Dallman: And very affordable.

Ron Wieczorek: And very affordable. It's still ... and people laugh at me when I say it's still very affordable, because they're like, "Well, it was 175,000 for this house. It was 250 just two years ago. What do you mean affordable? How can you say it's affordable?"

Thom Dallman: If you live here, it doesn't seem affordable. If you're moving here, it's very affordable.

Ron Wieczorek: Right. So that's the key is we are still very affordable. You look at places in the Bay Area, in Seattle, and Portland. I could go on with the city after city on the coast, just on the west coast, much less the east coast is a whole different ballgame.

Thom Dallman: Oh yeah.

Ron Wieczorek: But I think we're going to continue to grow. I think we're going to grow at probably a more reasonable pace. And I think it's going to give the builders a little bit of breathing room to make homes. I'm going to talk, I have a segment, I'm going to talk about what situation that builders are in next week, because it's not all ... they've had some troubles in the last half of 2018 themselves. So it's not all rainbows and puppies.

Dave Burnett: Roses. bags full of money running to the bank.

Ron Wieczorek: It's not that at all. They're doing a lot of price drops, and they have to conform to who the buyers are right now, too.

Thom Dallman: Exactly. And where we talked about CBH last week, a announcing that they're not doing custom homes anymore, that they're just doing spec buildings, which means that when you go to look at a Cory Barton home, what you see is what you get in. They're not given options anymore. So, that was an interesting goal shift in Corey Barton's marketing and shift the way that they do their business.

Ron Wieczorek: Right.

Dave Burnett: Well, Ron, if somebody wants more information about Movement Mortgage, what your new company has to offer and if anyone were looking for a loan, how do they get a hold of you?

Ron Wieczorek: Everything's the same with my phone to my office, my phone to my cell and I'm going to give ... I always give my cell phone out. That's 208-869-9154.

Dave Burnett: Movement Mortgage. So check that out. You can go online as well and you can always go to CoreGroupRealty.com to that website, to a Core Group @ eXp's website to check out Movement Mortgage and find out a little bit more about that. If you're in the market to buy a home, first thing you need to do, get pre-qualified and Movement Mortgage can help you do that. CoreGroupRealty.com, That is a website. Find out why they say you get more with Core.

Segment 3

Dave Burnett: This is the Idaho Real Estate Buzz. He is Thom Dallman, the co-owner, also a associate broker at Core Group @ eXp. CoreGroupRealty.com, that is the website. 208-933-7777. That's the phone number you can call anytime.

Thom Dallman: Anytime.

Dave Burnett: If you have questions about the website or about the show or about anything, they'll get you taken care of.

Thom Dallman: Yeah. We have someone always standing by to answer questions. We encourage people to give us a call to put those questions. Those questions are what kind of help me with coming up with ideas to talk about on this radio show.

Dave Burnett: It's interesting, during the break, you were showing me something we're going to talk about it, and a map and Idaho is such a red state and it has nothing to do with politics. So don't worry. It has nothing to do with politics. We were red either way.

Thom Dallman: Exactly.

Dave Burnett: But on this map, Idaho is flaming red.

Thom Dallman: Flaming red, and it's the only state that's red on this map, and this map is a home price appreciation chart that was put out by realtor.com and Windermere Economics. Looking at the last 12 months and looking at the home appreciation that's happened over the last year, and red represents 16% or higher price appreciation in homes over the last 12 months. And we are the only state that has exceeded that 16% mark.

Dave Burnett: Wow.

Thom Dallman: Yeah, it's so interesting to see this map and see that blaring red Idaho state standing out.

Dave Burnett: One color I think is white, if I'm not mistake.

Thom Dallman: Which is no appreciation. Yep.

Dave Burnett: It's the same today as it was a year ago.

Thom Dallman: Exactly.

Dave Burnett: And it goes on I think there's a light blue and a pink and a green.

Thom Dallman: And purple. Yep. And purple is the 12% to 15%. So those states are Iowa, Ohio, Nevada, and Utah. So those are the closest to us that are right in that 12% to 16% range.

Dave Burnett: So we get in the inner-mountain west very popular.

Thom Dallman: Correct. And then of course the green is 8% to 12%, and that represents of course Washington and Oregon and Colorado as well as Nebraska and the other two states right there next to them.

Dave Burnett: So really the inner-mountain west is kind of prime real estate for growth.

Thom Dallman: Yup. And California and Texas and Alaska and a bunch of other states are on that 4% to 8% increase. Surprisingly enough Wyoming and North Dakota came in at between -1% to 4%.

Dave Burnett: It's a little surprising. Okay, I'm going to say this delicately. Have you been to Wyoming lately?

Thom Dallman: I have not been in a long time.

Dave Burnett: I mean, it's a beautiful state if you lived there, if you had property, but there's not ... To me, it didn't seem to be a lot to draw me to Wyoming that I'd say, "Here's somewhere I'd want to live." It was very windy, it was very cold, it was very desolate when I went through Wyoming, and that coming from a person as a child I spent time in Wyoming. I lived there for a little while.

Thom Dallman: Yeah. I got to spend much time up there. So yeah.

Dave Burnett: Yeah. It's one of the ones that's not as popular when it comes to inner-mountain west as some of the other states.

Thom Dallman: But realtor.com had this amazing 2019 housing forecast as well. They took the top 10 metro areas that they're predicting that are going to have the biggest growth, and Boise actually came in eighth on that list of what they're predicting. We kind of talked about that. I don't think that's news to anybody. We're experiencing this great growth, and a lot of people moving into the area. The news just reported that they just did the report this week on the people that are moving up and they did confirm that most of them are from California. But then they showed the statistics. I don't have the numbers off the top of my head right at the moment. But they showed the statistics of how many people are actually moving from Idaho to California in return. So it's a pretty even swap of people that are migrating both directions.

Dave Burnett: We really are ... If you go back to pre-World War II, even just after World War II, people were pretty well set. They stayed in their area, but now I think my group of friends and circle of people I know, and I know everyone from North Carolina who live here to Colorado.

Thom Dallman: Oh yeah.

Dave Burnett: A little bit of everywhere.

Thom Dallman: Everywhere, yeah. We see a lot of people come in just because it is such an affordable city. So easy to get around. And we have a lot to offer. So yeah, we're number eight on the list. Would you like to try to guess some of the other cities that they've got on this list?

Dave Burnett: Okay. So we got 10. We're number eight for biggest growth. I'm going to have to guess there's some California cities that are probably up in the top five.

Thom Dallman: Nope. Nobody in California.

Dave Burnett: Nobody in California.

Thom Dallman: Nope.

Dave Burnett: The Seattle area, is it in the top 10?

Thom Dallman: Nope.

Dave Burnett: Wow. I'm striking out here.

Thom Dallman: You are. Let me go down the list really quick. We've got Boston, Massachusetts; Bridgeport, Connecticut; Chattanooga, Tennessee.

Dave Burnett: Been there. Okay.

Thom Dallman: El Paso, Texas; Grand Rapids, Michigan; Lakeland, Winter Haven, Florida, which I've never really heard of. What's that?

Dave Burnett: I think that's a big part to do with retirement.

Thom Dallman: Yeah. Florida's actually got two cities in there because Miami/Fort Lauderdale area also is on the list. Las Vegas and then Phoenix and Scottsdale, Arizona. That whole area down there by Phoenix.

Dave Burnett: Warmth, winter, retirement.

Thom Dallman: Yes, right?

Dave Burnett: As baby boomers begin to retire, they think, "Do I want to go where it's warm and a lot of people?" I have a couple of friends that have moved to Phoenix area that just because they wanted warmer climate.

Thom Dallman: Exactly. So they kind of took what's happened over the last year, what's happened locally, currently in all just different realms and kind of predicted what they think is going to happen in 2019 in these areas, these top 10 metro areas versus the nation as a whole. So, for instance, nationwide they're predicting a 2% decrease actually in home sales this year nationally. But with these 10 cities combined, they've averaged that they're thinking about a 4% increase in sales this next year.

Dave Burnett: So that kind of goes hand and hand with what Ron was talking about earlier.

Thom Dallman: Yes.

Dave Burnett: As far as affordability.

Thom Dallman: Affordability, yeah. They're not predicting the huge, giant increase, 18%, but they are still predicting a good increase in sales. As far as prices, they are nationwide thinking prices are still going to go up for 2019 by 2.2% nationwide, and these top 10 metro areas combined and averaged, they are predicting about a 5.6% increase.

Dave Burnett: Let me throw a question at you that we didn't prepare for to talk about.

Thom Dallman: Okay.

Dave Burnett: What would you say in your opinion is an healthy increase to have in a home? Is 3% growth healthy, 5%?

Thom Dallman: I would probably say that personal opinion is that the 5% to 6% increase that they're predicting is a more appropriate increase.

Dave Burnett: Is healthy.

Thom Dallman: Yeah, that's healthy. The 16% and 18% that we've seen last year, that's a pretty staggering number if you think about how quickly and how much increase that is. So I think it's healthier to be in that 4% to 6% increase for areas to ...

Dave Burnett: I just mentioned that because when it comes to an investment, let's take the personal/emotional side of owning a home. When it comes to an investment, if you can invest in something and it can turn a 4% to 5% growth, that's a pretty good investment.

Thom Dallman: Yeah.

Dave Burnett: I don't know that there's too many other investments that's going to give you a 4% to 5% growth.

Thom Dallman: Not at all.

Dave Burnett: As far as the investing side of it. Stock market, yeah, sometimes really wild but you can also take a beating on it. Are we going to get an 18% growth like last year, probably not. So if you owned a home, count yourself lucky that your home is worth 18% more.

Thom Dallman: Yeah.

Dave Burnett: But 4% to 5% is a good investment. So if somebody's sitting on the sideline and they've been renting, if you want to invest your money, it's a good, solid investment.

Thom Dallman: It's a good, solid investment. It's a good time to do it. Like Rod mentioned, there's great loan programs out there for those people that can qualify. Rates are still historically low right now. They have gone up a little bit over this last year, but they're staying steady for this next year is what they're predicting. So it's a great time to buy. It's a great investment in yourself. It's a great investment in your family's wealth down the road. As with all investments, there's risk. We never know if there's going to be another big bust like in 2008. You just never know. It's still an investment that you can sit on and ride and let the money come back around.

Dave Burnett: Those who survived 2008 to today, you've recouped all of the money you lost.

Thom Dallman: Exactly. And then some.

Dave Burnett: And then some.

Thom Dallman: So yeah. So anyways, getting back kind of to the numbers and stuff. They kind of got into a little bit of the reasons why we're booming in these areas. Obviously the growing economy. On average, the nation is experiencing 1.3% increase in economy employment growth. Whereas these metros areas are in that 2.1%. They're predicting 2.1% increase going forward. So growing population. Obviously we have lots of people. Our population's growing continuously. A lot of people moving into these areas. So nationally, they show like a 0.65% increase in populations in most areas. Whereas these top 10 combined are showing a 2% increase in population, which 2% sounds small, but when you think about the millions of people, that's a lot of people. And then they talk a little bit about the ...

We've talked about the millennials being a big part of the market right now, and all those people who are in that 35 to 44 range who are getting married, settling down, buying houses, and stuff like that. Millennials are finding it a lot more important part of their investment into themselves and buying properties as well. They actually listed the percentage of sales that were millennials this last year on this report.

Oh, I'm sorry. This is a percentage of how much they think the millennials are going to be growing in these top 10 cities. We were kind of in the middle at a 32% of the sales they're predicting will be millennials purchasing homes for their first time. Grand Rapids, Michigan ... Sorry, I think I may have said Wyoming earlier, but it's Grand Rapids, Michigan. They actually are predicting the highest amount of millennials buying homes there, 48.8%. And then, as you mentioned, the retirement places in Florida. Miami is actually predicted to have the lowest amount of millennials. But still, 29.9% of the millennials. They're predicting millennials will be purchasing homes there.

Dave Burnett: Thom, if somebody wants information about buying homes, selling a home, great time to do both, how do they get ahold of you at Core Group @ eXp?

Thom Dallman: Sure. Give us a call at 208-933-7777. As I like to say, just keep dialing those sevens and someone will be answering shortly.

Dave Burnett: It'll ring sooner or later.

Thom Dallman: Give us a call. Go to CoreGroupRealty.com, check out our website. You can email info@CoreGroupRealty.com as well, if you wanted to send me a message directly and answer your questions. Once again, we encourage you to ask questions. It gives me a feel of what is out there in the marketplace people are asking about so I can share it on the radio.

Dave Burnett: Very good. Core Group Realty @ eXp. Call 208-933-7777. Being brought to you by the folks at Movement Mortgage, and, of course, Core Group @ eXp. Find out why they say you get more with Core.

Segment 4

Dave Burnett: This is the Idaho Real Estate Buzz. He is Thom Dallman, the co-owner, also the associate broker with Core Group @ eXp, CoreGroupRealty.com, that, of course, the website and you can always call (208)933-7777. Thom, one of the things you'll find at CoreGroupRealty.com is information about the Idaho Humane Society.

Thom Dallman: We've been partners with the Humane Society for several years now on our initiative to educate people and to long-term people know that our drive, which we are passionate about, is a pet makes a house a home is what we call it, and we really truly believe that. If you come by our offices on occasion, you'll see dogs running around our offices. We are very much dog lovers at Core Group. It just made sense for us to partner with the Humane Society and try to get the awareness out there that the Humane Society has all these wonderful animals up for adoption and stuff. We have Kristy Sternes here from the Humane Society-

Kristy Sternes: Good morning.

Thom Dallman: To talk a little bit about that. Good morning.

Kristy Sternes: Good morning, guys.

Dave Burnett: One of the events you have coming up is called Sip and Purr.

Kristy Sternes: It is our most special event because a lot of the times, the focus is on the dogs, and we also have a great need to find homes for cats at our shelter. This is specifically for the cats, a very unique event, not like any other downtown, wine, appetizers, cats. It's always a fun event.

Thom Dallman: I'm excited to, A) have some wine, but also, B) to see the kitty cats, as well. When I said we're dog lovers, I do like cat ... We do like cats, too.

Kristy Sternes: You do because you sponsor Sit and Purr.

Thom Dallman: Yes, we do. We do sponsor the Sip and Purr because we do believe in supporting the cats, as well as the dogs.

Dave Burnett: Tell us a little bit about the cat situation at the Humane Society, what's happening, how many cats they have. If somebody's interested in a cat, what happens, because cats are very different than dogs.

Kristy Sternes: Most definitely, and different personalities and just-

Dave Burnett: Caring for them is different.

Kristy Sternes: Exactly. This is the calm before the storm. Kitten season is just around the corner, which is why we like to do the Sip and Purr in February. In another month, we will see an influx of kittens, pregnant cats being brought in, kittens that need to be bottle-fed, fed mush-

Thom Dallman: Wow.

Kristy Sternes: Need foster care. It will get kind of crazy here soon.

Thom Dallman: There's chances for people to volunteer for some of that stuff. Is that correct? For-

Kristy Sternes: Always. We always need foster parents.

Dave Burnett: Mush, I've never heard that term before.

Thom Dallman: Neither have I.

Dave Burnett: Mush. With Sip and Purr, what exactly happens? What takes place? Give us the dates and the info on that.

Kristy Sternes: Sure. So it'll be occurring on February 28th from 6:00 to 9:00 PM at The Linen Building in Boise.

Dave Burnett: Last day of the month.

Kristy Sternes: Always. What we do is we're going to have Pat Mac's Catering. He's going to have tasty appetizers. We have local donated wine that we're going to be serving, so it's all Idaho wine, and everybody will come, they'll enjoy the appetizers, drink some wine. We're going to have raffle prizes of all cat-related items that you can win. We're going to have four live auction items, and it's just going to be all about the cats. We're going to have art there, for lots of different cat and dog pieces that our artist is going to feature. It's just a really fun, intimate event.

Dave Burnett: A major fundraiser for the Humane Society.

Kristy Sternes: For the cats, yep.

Dave Burnett: Especially for the cats. Is the opportunity there to adopt a cat that evening, as well?

Kristy Sternes: Yes. We always have our foster parents bring either kittens or cats that night, and it's your opportunity to cuddle them, or if you're looking to add a new pet to your home, it's a perfect opportunity to do so.

Thom Dallman: Nice.

Dave Burnett: Sip and Purr.

Thom Dallman: Sip and Purr.

Dave Burnett: February 28th.

Thom Dallman: February 28th, 6:00 to 9:00, you said?

Kristy Sternes: Yeah.

Thom Dallman: At The Linen Building down in downtown Boise, really.

Dave Burnett: When it comes to cats, I think, and I'm going to relate this back to the real estate world, moving a dog is fairly, fairly easy. Moving a cat sometimes is a little tougher. Give some tips on moving a cat if somebody's making a move and they own a cat already. What's the best way to try to move that cat to keep the cat from running?

Kristy Sternes: Well, again, I guess it depends if they're indoor or outdoor. Mine, in particular, is indoor, so I don't think it's going to be as stressful, but I think it's just like with our dogs when you're getting ready to go on a trip. They can kind of sense that something's going on when you're packing.

Dave Burnett: About the time all the boxes go out.

Kristy Sternes: To me, it's a tough one because each cat is different. I don't know. We're going to do our best to make that transition easier on her, but dogs are much more versatile when it comes to something like that.

Thom Dallman: David, I don't ... Kristy's referencing the fact that she is actually not only just partners with us in this endeavor, but she's also purchasing ... We're working on selling her home, as well, whereas just-

Thom Dallman: We're a week away. We're a week away from getting this completed, so she'll be moving into a new home real soon.

Dave Burnett: Well, I would assume ... I'm going to make some assumptions here. You tell me if I'm right or wrong. Making that cat, just like the dog, feel comfortable and as secure as possible, that comes down to blankets that have your smell on them sort of thing?

Kristy Sternes: I think so. I think that's what we're going to try to do. That seems to be the best way, and things that they're familiar with, so that, that way, it's not much of a shock when we go to the new place or anybody moves, for that matter.

Dave Burnett: Well, I know if your cat has never been caged and doesn't- out of a traveling cage, that can be hard because they're going, "What is this about?" Even they're, they're a cave-dwelling animal, new stimuli, so maybe it's something that you put the cage down and leave the door open and let the cat explore.

Kristy Sternes: I think so, and it's not ever a bad idea to ... Mine goes to the vet once a year, see she's in a kennel, but I guess to familiarize them with it, it doesn't hurt to put them in there, take them for a little car ride so that, that way, they get more comfortable with traveling.

Dave Burnett: Very good. Sip and Purr, an event that you want to make plans on attending. Is it an RSVP? Do you show up? What's the process there?

Kristy Sternes: We really prefer that you purchase the tickets in advance so that, that way, we're able to have a head count, make sure there's plenty of food, plenty of wine for everyone. The best way is to go to the IdahoHumaneSociety.org, and there'll be a nice banner across the main page for Sip and Purr. When you click on that, it'll direct you to the website, and then you can purchase your tickets then.

You can also do it at the door, but we do encourage it in advance because we do cap out at a certain amount.

Dave Burnett: That way, you don't get disappointed-

Thom Dallman: Exactly.

Dave Burnett: That they're not be able to go.

Thom Dallman: Exactly. If you can't make it, don't forget to visit them out at 4775 West Dorman, right?

Kristy Sternes: Yeah.

Thom Dallman: Is the address out there, out by the airports, and the other side of the airport. They're open ... What are your hours?

Kristy Sternes: It's actually seven days a week- From 10:00 to 6:00, so it's really convenient.

Dave Burnett: If somebody's interested in adopting a cat, what is the process there? Can I adopt a kitten? Do I have to adopt a cat? Is it wide open? What is the process?

Kristy Sternes: Really, it's whatever cat appeals to you. We have all different kinds of pricing. It's very affordable when you look at it because even the kittens are $75, but they come completely vaccinated, micro-chipped. It's an incredible deal. The older cats go anywhere from $25 to $50, so really just depends on what you're looking for and what your lifestyle is.

Dave Burnett: If I were to throw a question at you, we'll see if you can handle this one. Here comes a fastball. How many cats do you have out there right now?

Kristy Sternes: I actually work in the back in the fundraising department, so I know we're at ... I don't have an actual amount. We are at a lower level, but, like I said, it will explode here shortly.

Dave Burnett: Here comes kitten season, which brings me to this point, spaying and neutering your pets.

Kristy Sternes: So important.

Dave Burnett: Talk about it.

Kristy Sternes: Well, we have so many different programs that, where people can bring in feral cats, like barn cats, and I believe, and don't quote me, but it's pretty minimal, I want to say around a $10 range for the feral cats, and we clip their ear. That way, we make sure that if they're ever caught again, people know that they have been spayed or neutered. It is so important. We offer ... That's the main, good bulk of the services that we do are spay and neuter for that reason, to curb over-population.

Dave Burnett: Because it's easy. They get catting around, as it were.

Thom Dallman: Exactly.

Dave Burnett: Suddenly, you are the proud owner of an expectant cat-

Thom Dallman: Exactly.

Dave Burnett: And they're going to have-

Thom Dallman: That's where the Humane Society gets those cats dropped off at, with you guys. You don't want that to happen.

Dave Burnett: I will say this, because nothing makes me madder, if you find yourself in a situation with kittens, please drop them off at the Humane Society. Don't dump them.

Kristy Sternes: Exactly.

Dave Burnett: That's the worst.

Kristy Sternes: We can help. We can at least give them a fighting chance. That's what we're there for, and that's what we have our foster parent network for.

Dave Burnett: Very good.

Thom Dallman: Awesome.

Dave Burnett: Kristy, again, if somebody wants more information about Sip and Purr, where do they find it?

Kristy Sternes: I would just go to IdahoHumaneSociety.org , and click on the link.

Dave Burnett: Perfect. It's coming up on the 28th of February. Get your tickets in advance. That way, they know how many people are coming, and a good fundraiser and a good time out. Perfect.

Kristy Sternes: Definitely.

Dave Burnett: Very good. We'll continue. This is the Idaho Real Estate Buzz. We get to do this each and every woke at this time, and we appreciate you stopping by and spending the time with us. It's all brought to you by Movement Mortgage and the folks at Core Group @ eXp. Give them a call today, (208) 933-7777, or you can go to their website, CoreGroupRealty.com. Find out why they say, "You get more with Core."


Kristy Sternes

Idaho Humane Society


Ron Wieczorek

Movement Mortgage

208 869-9154


Core Group at eXp Realty

208 639-7700



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