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Tony Stallings

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Idaho's Growth is 4th Highest in Nation

by Tony Stallings

With the 2010 Census data now available we can see where the growth has been for the past 10 years.  Idaho growth is the 4th highest in the nation, something that has not come as a big surprise.  This ranking is taken by the percentage of population growth, keep in mind that the state population is estimated at 1,567,582...not too bad when you figure we are the 14th largest state.  The primary reason for growth in this area, from a Real Estate Brokers point of view, is the fine quality of life and the open space.  The population density in Idaho is a whopping 18 persons per square mile...compare that to the city of Los Angeles with a city population of 3,833,995, that works out to be 1674 persons per square mile.

The cities of Idaho Falls, Pocatello and Rexburg were among others in the state that have had substanial growth over the past 10 years.  Rexburg's growth can be greatly attributed to the growth of Brigham Young University-Idaho, a privately owned univeristy that anounced the expansion of its campus when converting from a 2 year junior college to a 4 year univeristy.   Rexburg, Idaho Falls and the other communities in East Idaho offer many benefits to those moving from other areas.  Located approx 70 miles from Yellowstone Park these great communities have plenty of outdoor activities that people travel from around the world to experience.  When the real estate markets in California were booming in the mid 2000's we were able to help hundreds of families that were looking for a better quality of life, they wanted open spaces, basically they wanted to experience good old small town USA.

Though I believe the growth of Idaho will continue in the years to come, we may slow down for the next couple of years as we strive to correct the struggling national and local economies. 

For any of those searching for a clean, safe, open space quality of life...we welcome you into our neighborhoods.

East Idaho Real Estate

by Tony Stallings

In an effort to continue providing up to date real estate listings and other relevant information for those interested in buying real estate or selling real estate I launched this website on March 1st.  For any of you that had visited my previous website, I hope you like the face lift and the changes.

Tetons at SunriseI wanted to have a real estate website that was easy to use, had up to date technology and and provided valuable information to keep you coming back and referring your friends to this site...hint hint (I would love your referrals).  Some of the features that I am excited about is the map search feature that allows you to choose an area and the map will populate with markers of where the properties are located.  The map is accurate, however there are a couple properties on newer streets that Google just has a tough time mapping.  There is also less restrictions for buyers searching for homes, you can rest assured that you are getting all listings listed by every office and every agent. If you would like an automatic home search set up by the criteria you choose click here.

For Sellers there are new tools that will allow me to keep you up to date on showings.  If you are intersted in selling real estate and would like to know what the value of your homes is click here and I will send you a free, no obligation range of value on your home. 

I hope you like the new site and I would really appreciate any feedback or requests on anything new that you would like added to the site click here to leave any feedback. I hope your search for East Idaho Real Estate starts here.

Enrollment Increase at BYU-Idaho

by Tony Stallings

It has been 10 years now since the announcement that Ricks College would become Brigham Young University-Idaho and would become a 4 year university.  It seems that the university has been a construction zone since that announcement and there are many new buildings and additions that have been added to campus.  The transition has gone well. 

As a Real Estate Broker I receive many calls from prospective investors that want to take advantage of the expansion in offering housing for college students.  The housing dynamic in Rexburg is quite different from most other areas.  Due to to the Private ownership of the college, single students under the age of 30 must live in student approved housing that is approved by BYU-Idaho.  The majority of the approved housing units are owned by the private sector.  When students get married or are over age 30 they are free to live wherever they would like.  So where is the need for housing and which is the best option for investors?  There is a need across the board.  The rental market in Rexburg has improved for investors as the school has grown and continues to grow. 

So where is the enrollment at BYU-Idaho now and where is it projected to go?  In November 2010 the school announced that the enrollment cap would increase from 12,500 FTE (Full Time Enrollment) to 15,000 by the school year 2013-2014.  The estimated head count would be approx. 17,000 per semester which equates to 25,000 per year due to the schools track system that allows more students on campus over the course of the year.

If you are interested in pursuing real estate investment opportunities in Rexburg or around BYU-Idaho please give me a call and allow me to assist you in this opportunity.

Should I Buy a Home Now?

by Tony Stallings

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today.  googleedb899a0eab30b2a.html

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Tony Stallings
Edge Real Estate
38 S 2nd E
Rexburg ID 83440
Mobile: 208-681-2145
Office: 208-356-6331
Fax: 208-656-9402