A note to our readers…
New Two-Phase Market Report Release Starting June 2025
To get you timely data and meaningful insights, BRR is introducing a new two-phase approach to our monthly Market Report releases:
- Phase 1: Snapshots & Graphs — Available earlier (typically between the 8th and 12th of each month), this first release includes high-level graphs and market snapshots. They’re ready for you to share in your newsletters, social media, or client conversations as soon as they drop.
- Phase 2: Market Stat Sheets — By the 16th of each month, we’ll follow up with the full Market Stat Sheets. This is where we dig deeper into the trends, provide key takeaways, and offer a broader interpretation of the data.
This two-phase release schedule is designed to get you what you need, when you need it: a quick look early on and a full picture shortly after.
In July, the Federal Reserve met to decide whether to change interest rates, and unlike recent meetings, the outcome is unresolved. The uncertainty stems from growing divisions within the Federal Open Market Committee (FOMC). Some members of the FOMC are cautious about raising rates, while others are in favor of doing so in order to combat renewed inflation. Fed Chair Kevin Warsh argued at the meeting that the Fed should avoid signaling its decisions too far in advance in order to maintain flexibility.
Inflation has recently accelerated due to higher oil prices caused by the war with Iran, prompting the Fed to shift its focus away from potential rate cuts and toward whether additional rate increases are necessary. Renewed inflation has pushed mortgage rates to 6.58%, their highest levels in nearly a year. Although the Fed does not set mortgage rates, its policies strongly influence them through inflation expectations and financial markets, making late July’s decision important for homebuyers. Markets now expect at least one rate hike before the end of the year, with a chance of multiple increases.
Source: Realtor.com
Foreclosures continued to rise during the first half of 2026, reaching its highest level since 2019; however, foreclosures remain well below the surge seen after the 2008 housing crisis. More than 227,000 US properties had foreclosure filings between January and June, a 21% increase from the same period in 2025.
Experts say this increase largely reflects a return to more typical foreclosure patterns after pandemic-era protections temporarily drove foreclosure activity to unusually low levels. However, this rise also suggests that some homeowners are experiencing greater financial stress. The foreclosure process is also moving faster, with the average timeline dropping to 563 days, the shortest since 2013.
Among states with at least 500 foreclosure filings in the first half of the year, Idaho experienced the steepest year-over-year increase in foreclosure activity (up 59%).
Sources: Realtor.com
The US Department of Energy (DOE) has selected Idaho, Utah, Oklahoma, Tennessee, and Louisiana as finalists to host new nuclear energy innovation campuses. These campuses would support research across the entire nuclear fuel cycle – including fuel production, enrichment, recycling, waste disposal, and advanced reactor technologies – as part of a national effort to expand nuclear power. The federal government is aiming to increase US nuclear generating capacity from 97 gigawatts in 2025 to 400 gigawatts by 2050. The DOE estimates the project could generate 25,000 jobs, attract $50 billion in private investment, and produce $10 billion in local tax revenue. A decision about the number of campuses and their locations within the finalist states has not yet been determined.
Source: Realtor.com
Ranches have become one of the fastest-appreciating segments of the US housing market, with the median ranch listing price reaching $769,750 in June 2026 – up 112% over the past decade, compared with 66% for all homes. Idaho and the Greater Yellowstone region command some of the nation’s highest ranch prices; the Jackson, WY-ID metro has the country’s highest median ranch listing price at nearly $7.9 million, while Idaho Falls and Hailey also rank among the five most expensive ranch markets. Blaine County, Idaho has the highest county-level median ranch price at about $7 million.
Source: Realtor.com
Gem County commissioners approved a 393-acre gravel mining project in July; the project, proposed by Granite Excavation, is near Star Lane in Emmett. Despite pushback from local residents regarding dropping property values, heavy traffic, dust pollution, and potential disruptions to local wildlife, commissioners greenlit the project for a lifespan of 20 years. After the approved project timeline, the developer plans to build roughly 40 homes on the land.
Source: KiviTV
Other Real Estate News
- Real Estate News | Buyers have more options, negotiating power as demand slumps
- Nar.realtor | On the (21st Century) Road Again
- Realtor.com | Homebuilder says its “incredibly difficult” to profit from a traditional starter home
- Bankrate | “Buy now refinance later,” they said. Mortgage rates said otherwise.
Please note: Some news outlets may protect their content with paid subscriptions. While we try to refrain from sharing articles that may not be accessible to everyone, we may share them if important to the industry.
Additional information about trends within the Boise Region, by existing and new construction, are now available here: Ada County, Elmore County, Gem County, Four Rivers Region (coming soon), and Condos, Townhouses, and Mobile/Manufactured Homes Market Reports. Each includes an explanation of the metrics and notes on data sources and methodology.
Ada County
Canyon County
Elmore County
Gem County
Condos…
Download the latest (print quality) market snapshot graphics for Ada County, Ada County Existing/Resale, Ada County New Construction, Boise County, Elmore County, Gem County, Malheur County, Payette County, and Washington County.
Since Canyon County is not part of BRR’s jurisdiction, we don’t publicly report on Canyon County market trends. Members can access Canyon County snapshots and reports in the Market Report email, or login to our Market Statistics page. Our Owyhee County snapshot can also be accessed on our Market Statistics page.
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The data reported is based primarily on the public statistics provided by the Intermountain MLS (IMLS), a subsidiary of Boise Regional REALTORS® (BRR). These statistics are based upon information secured by the agent from the owner or their representative. The accuracy of this information, while deemed reliable, has not been verified and is not guaranteed. These statistics are not intended to represent the total number of properties sold in the counties or cities during the specified time period. The IMLS, Boise Regional REALTORS®, and Idaho Policy Institute provide these statistics for purposes of general market analysis but make no representations as to past or future performance. If you have questions about this report, please contact Boise Regional REALTORS® at 208-376-0363. For notes on data sources, methodology, and explanation of metrics, visit boirealtors.com/notes-on-data-sources-and-methodology.
If you are a consumer, please contact a REALTOR® to get the most current and accurate information specific to your situation.
Boise Regional REALTORS® (BRR), a 501(c)(6) trade association, represents real estate professionals throughout the Boise region. Established in 1920, BRR is the largest local REALTOR® association in the state of Idaho, helping members achieve real estate success through ethics, professionalism, and connections. BRR has two wholly-owned subsidiaries, Intermountain MLS (IMLS) and the REALTORS® Community Foundation.
“REALTOR®” is a federally registered collective membership mark which identifies a real estate professional who is member of the National Association of REALTORS® (NAR) and subscribes to its strict Code of Ethics.
