Housing Recovery and Idaho

Take a look at this video to see what one major economist is saying about the housing recovery. Major cities such as New York, Boston, Washington D.C., Los Angeles, San Fransico will recover faster due to location, jobs and population let’s not forget about our own beautiful city Boise,Idaho. For years we were the undiscovered jewel in the northwest and then POW we were found like the rediscovering of America.  Families came from all across the U.S. usually bringing the rest of their family and some friends.  Boise, Eagle, Meridian, Nampa, Caldwell, Star, Middleton, Kuna are just a few of the wonderful cities and towns that offer their own identities. The Boise river flowing throught the middle of the city mountain ranges surrounding what’s not to love. Enjoy the Boise Music Festival , Alive After 5 with the Basque Festival going on right now and if we are lucky maybe the once very popular River Festival will come back. Idaho is our State and with smart growth and improving economy I can’t wait to see what the future brings. Epic growth and we still feel like a small town where it’s no uncommon to see your friends and family at the local parks and stores.

Money Saving Tips In Your Idaho Home

Whether it is your primary residence or your second home in Idaho you can always save a few bucks. These tips are just a few ways to save some money in all four seasons for your home here in Idaho. Living and working here in the Treasure Valley we all know in this crazy economy that your bank account can change much like the weather. When a storm is a brewing you wouldn’t leave your home without a jacket so compare that to the economic future (chance of rain) why wouldn’t you start saving some money. Joshua Groesbeck 208-353-7131 or josh@homeswithjosh.com and www.homeswithjosh.com

1. Install a programmable thermostat: Installing one of these little guys can
really help your utility bills and the earlier you get it installed, the more it saves!
Estimates are that for every degree you lower the thermostat, that’s 5% off your bill
(in the winter). I like to think of it this way – why spend money to heat or cool
something that I’m not even going to be there (or awake) and enjoy? The power
company has enough of my money!
2. Lower the temperature on the thermostat: HVAC systems have two settings
- off and on. By lowering the temperature of the thermostat, you leave it in the off
state for longer periods and thus use less energy. Less energy, lower bill!
3. Wash your clothes in cold water: Detergent technology has gotten so good
that washing in hot water is no longer necessary, you can save lots of energy by
washing with cold water rather than hot water.
4. Line dry your clothes: Get a rack or clothesline and dry your clothes on that,
instead of in your dryer. If that idea isn’t entirely appealing, consider drying larger
items (towels, sheets) on the line and your regular clothes in the dryer to cut down
on the time.
5. Lower the temperature of your water heater: You can turn the temperature
of your water heater down to conserve some extra energy, there’s no sense in
making it really hot only to add cold water to it during showers. (the only caveat is
that you should check your dishwasher for a booster, it’ll need the temps that high
for cleaning purposes)
6. Wrap your water heater with a water heater blanket: One of your biggest
energy sucks in the house is your water heater, that tank that keeps your water nice
and hot for your showers. Wrapping a blanket reduces the amount of heat it loses
into the area around it.
7. Clean out your refrigerator coils: Dust off the coils on the refrigerator and
you can improve its efficiency, thus lowering the electricity bill of the one thing in
your house that’s always on.
8. Find and plug drafts: You don’t need the cold air from the outside to infiltrate
your home (or your warm air blowing out), so try to find all the drafty windows and
doors in your home and seal them up. Your energy bill will thank you.
9. Change your air filter: The more you run your HVAC system, the more that air
filter will catch. The more it catches, the more it clogs. Yep, you guessed it, the
dirtier it gets, the harder your HVAC needs to work to push air. Swap that baby out
and improve your system’s operating efficiency.
10. Get your furnace tuned: I had no idea but you’re supposed to get your furnaced
“tuned” every few years, it could increase your efficiency considerably.
11. Swap out regular light bulbs with CFLs: The technology in CFLs now is so
good that most people can’t even tell the difference (other than by looking at them).
Swapping them out reduces your energy use and are best used in areas where the
lights are on most often. They’re more expensive but they last longer and use less
power.
12. Institute a one light, one person rule: Leaving the lights on in your house is a
great way to spend money, so try reducing your electricity usage by instituting a
one light, one person rule. Each person in the house can only have one light on at a
time.
13. Reduce phantom electricity use: Phantom electricity is the electricity your
appliances use when they’re “off.” This happens because we love our instant on
appliances! To help reduce this, you can plug them all into a surge protector and
turn that off to ensure you aren’t losing power to something you’re not even using.
14. When buying appliances, reliability trumps price: When you’re buying new
appliances, be sure to read reliability reports because you don’t want to spend less
only to find out you bought an inferior product that won’t last.
15. Shop around for homeowner’s or renter’s insurance: Renter’s insurance is
already pretty cheap so you might not get much savings there but homeowner’s can
vary greatly.
16. Consider a home energy audit: These aren’t cheap but they can identify things
you can do to make your home more efficient and thus save you more money.
17. Remember to return those cans and bottles for deposits: If you live in a
state that collects a deposit on cans and bottles, remember to redeem them!
Unfortunately in Maryland we don’t do that (but that also means we don’t pay it),
but I’d love to see it instituted here so that we could entice more recycling.

By following some of these steps you just never know you could be on your way to an early retirement……..

Joshua Groesbeck or josh@homeswithjosh.com and  www.homeswithjosh.com

Home Owners Leaving Government Hamp Program

Facts for the Idaho homeowners who are working towards a loan modification. Best case scenario is getting your payment lowered to no more than 31% of your gross income. IF your loan modification is not getting worked out do the next best thing and call Josh Groesbeck and you can stay in your home until it is sold while charging you nothing. Specially trained in the art of a Short Sale I can help you qualify for money back from the bank to you for your relocation. With the economic hardships and homes that are entirely upside down (worth less than is owed) it’s no surprise that well over 50% of american homeowners are choosing to Short Sale their homes and start fresh. More great information at WWW.HOMESWITHJOSH.COM or WWW.IDSHORTSALE.COM

Joshua Groesbeck      208-353-7131  or josh@homeswithjosh.com

About 91,000 borrowers dropped out of the program in June, putting the total number of dropouts at 530,000.

At the same time, about 49,000 borrowers received a permanent modification in June, bringing the number of total active permanent modifications to 389,000.

That means more than 40 percent of the roughly 1.3 million borrowers who have started in the program since its March 2009 inception have since dropped out, while just over 30 percent have received permanent new terms for their loan.

Idaho 39th in Millionaire Rankings

The number of millionaire households in Idaho has dropped 10.7 percent over the past two years, though the state has jumped a few spots in a ranking of the 50 states plus the District of Columbia.

A study by Phoenix Marketing International showed that 21,121 of the 568,000 households in Idaho, or 4.37 percent, have net worth more than $1 million. That’s down from 23,652 out of 541,000 households in 2007.

That decline, though, was less than the 14 percent drop in millionaires across the country, according to the study.

Phoenix estimates that about 5.1 million households in the United States now qualify as millionaires, down from nearly six million two years ago. The study defines a millionaire household as one with $1 million or more in investable or liquid assets (excluding sponsored retirement plans and real estate).

“Overall, the market downturn has taken its toll on the ranks of millionaires in most states,” said David Thompson, managing director of the Phoenix Affluent Market group, in a statement.

Idaho now ranks 39th, up from 44th last year and 42nd in 2007.

The top five states are Hawaii (6.4 percent), Maryland (6.3 percent), New Jersey (6.2 percent), Connecticut (6.2 percent) and Virginia (5.5 percent). Mississippi ranked last with 3.1 percent.

  1. JOSH WOULD LIKE TO BE PART OF THAT EQUATION: ) OFFERING FULL-TIME EXPERIENCE WITH ALL YOUR IDAHO REAL ESTATE NEEDS (208-353-7131) AND BE PART OF JOSH’S JOURNEY TO BE A MILLIONAIRE : ) “it’s an action packed thrill ride that you are sure to enjoy”  josh@homeswithjosh.com
  2. NEW CONSTRUCTION, RESALE AND INVESTMENT PROPERTIES
  3. SHORT SALE AND FORECLOSURE PROPERTIES

Source: Idaho Business Revue