Pocatello Real Estate Market Featured in Newsweek

Newsweek magazine recently highlighted the Pocatello real estate market as one of the best places in the country for investors. See the story here.

According to the story, key components of the Pocatello market are:

• Relatively low prices
• Moderate appreciation
• Strong rental market
• Influx of out-of-area investors

The Idaho State Journal has tackled the same topic here and here.

I know my brokerage, CENTURY 21 Advantage, has seen an influx of investors from Utah, California and elsewhere seeking investment properties. Their interest has been throughout Southeast Idaho from Rexburg to Pocatello.

It is clear that increased buyer demand is boosting prices for investment property. Is it sustainable?

My feeling is yes. We've seen less appreciation than much of the country giving us room to move up. Also, our regional economy continues to be strong, a fact often overlooked by locals. And, we are seeing an influx of folks coming for jobs and lifestyle. In my estimation, more people + strong local economy = real estate appreciation.

Thoughts?

Welcome!

Thank you for visiting my blog. As far as I know, this is the first blog in Southeast Idaho dedicated to real estate.

Our area is rapidly changing. Our market is strong. Lots of new construction is being built. And, we are receiving some national press. It's a very exciting time to be involved in the local real estate market.

I hope to make this a lively discussion. I'll post items of interest from time to time. And, if you'd like to pose a question, please e-mail it to me. If appropriate, I'll put it up with my response and let the readers add their two bits.

Please feel free to ask questions about the local market, buying, selling or, even, how to launch a real estate career.

I look forward to the adventure.