Some Common Misconceptions
Myth #1: If there are fewer homes for sale, growth will slow down and people won't move here.
Fact: Fewer homes for sale means there will be more buyers for fewer homes, which means prices will continue to increase. Demand will continue to escalate but only those moving from another area or who are already homeowners will be able to afford to purchase a home.
Check out this short video for a quick explanation.
Myth #2: More building restrictions will stop the growth in the area
Fact: Tougher zoning and restrictions limit the ability to create more homes for those entering the workforce. Those who grew up in the Coeur d’Alene area won’t have the chance to stay here and first-time homebuyers will be unable to compete at higher prices.
How Do Home Sales Affect the Economy and the Job Market in Idaho
Economic Impact of a Typical Home Sale
Read more about how we plan to Keep Idaho, Idaho on our blog!
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