21
Apr, 2011
Posted in Idaho Business Review, Media, PTC Index, Pioneer Title Company, Treasure Valley

What PTC Index says about local housing market…

President of Pioneer Title Co., Tim Bundgard this week wrote a guest column for the Idaho Business Review forecasting real estate in 2011. He referenced the PTC Index, a monthly measurement of the health of the Treasure Valley real estate market, as a baseline for his forecast…

“…When the federal government introduced its first-time homebuyer program a few years ago, it incentivized buyers with a tax credit and, in turn, spurred home sales. Many people took advantage of this inducement; the first-time homebuyer tax credit, however, was a temporary fix and may have prolonged a full recovery.

Our index shows that new home sales at a monthly average of 117, 91 and 94 in 2009, 2010 and 2011, respectively. It is evident that even as 2009 brought above-average numbers in the historical sense, post-incentive years show growth, albeit in small increments.” Read the full article…

Excerpt courtesy of the Idaho Business Review

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23
Jul, 2010
Posted in Boise, Events, Idaho Business Review, Pioneer Title Company, Social Networking, Treasure Valley, Twitter, Website

A Whirlwind Summer!

Image Source: http://leftistmoon.wordpress.com/2009/07/19/floating-the-boise-river/

It’s hard to believe 2010 is more than halfway over and while many of us indulge in BBQs and pool parties, some might be wondering, “How many more shopping days ’till Christmas?” But with the summer in full swing (albeit unseasonably cool), there have been lots of changes here at Pioneer Title Co. June brought the new PTC Index (as featured in the Idaho Business Review and The Idaho Statesman), a whole new website and an office relocation. Here’s the lowdown…

Read the rest of this entry »

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20
Apr, 2010
Posted in Idaho Business Review, Pioneer Title Company

Pioneer Title Co. featured in the Idaho Business Review…

The Idaho Business Review recently asked our own – Tim Bundgard – about his outlook for the future of Pioneer Title Company and the local residential & commercial real estate industry. As we’ve optimized our operations to serve you better, we’ve maintained staffing levels to make sure your experience is unsurpassed. The question and answer article covers different subjects like title insurance, I.R.S. Section 1031 tax-deferred exchanges, market share shifts and much  more…

A quick excerpt:

Q. What trends are you seeing in residential and commercial real estate? What can we expect this year and beyond?

A. When you look at the statistics that pertain to residential real estate, you can see some stabilization. Properties are becoming more affordable to people in Idaho.

In a recent article, Builder Magazine reported that nearly 70 percent of Idaho’s population can afford to buy the median-priced home. Currently, we are seeing a fair amount of buy/sell transactions and re?nancing going on as people take advantage of record-low sales prices and interest rates.

New construction should see growth in the coming year as the cost for ?nished building lots continues to decline, allowing contractors to produce a more affordable product. While we believe home values have bottomed out, any increases will be sluggish until current inventory levels decrease.

Commercial real estate brokers I’ve spoken with all say that, with rising vacancies and declining lease rates, it will be a while before things improve. Considering the historic low values, however, there has never been a better time to invest in commercial real estate.

Read the entire article at the Idaho Business Review’s website…

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