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Homebuyers Squeezed As Western States See Prices Double Or More In Last Decade

Marissa Lovell had hoped to buy her small Boise, Idaho, rental home until the price shot up by nearly $100,000 amid the coronavirus pandemic. This time last year, amid the pandemic lockdown, Marissa Lovell s landlord offered to sell Lovell her current rental house in Boise, Idaho, for $256,000. Lovell and her fiancé are first-time homebuyers she s a freelance writer and publicist for a local music festival, and he s an arborist. So it took them until July to get all their paperwork together and loan secured. By then, her landlord had raised the asking price to $300,000. Today, one year later, it s for sale for almost $400,000.

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