Housing shortage impacting first time buyers, renters Published
Housing shortage impacting first time buyers, renters
POCATELLO, Idaho (KIFI) - A cutthroat housing market is seriously impacting first time home buyers and renters in Southeast Idaho.
The Gate City area is experiencing an ongoing housing shortage during a time when out-of-state buyers are really attracted to Idaho.
Brent Richardson, local realtor and member of the Greater Pocatello Association of Realtors, said he and his fellow veteran realtors have never seen demand so high for homes.
“Many times you’ve got anywhere from 12 to 17 offers on the table,” Richardson said.
Buyers are having to race to put offers down for any house in their price range, and are willing to pay a premium for it.