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‘Wow… is something going on with the real estate!:’ National TV lens focuses on Boise

It’s the type of national exposure Boise leaders used to crave. A six-minute spot on the highly-watched CBS Sunday Morning program.

Correspondent David Pogue opened the piece with a panoramic shot of Downtown Boise, followed by shots of paddle boats and 8th St.:

“Boise, Idaho is a great place to live. It has natural beauty, great weather, and friendly people,” Pogue said to start the story.

Then, it quickly snaps from the “Boise is great” frame to the topic that everyone is talking about these days.

“But wow… is something going on with the real estate!”

[Oh hey, Boise’s on another list. Why isn’t this exciting anymore?]

Sellers’ dream

Pogue’s pronunciation of “boy-zee” isn’t the only thing that will make locals shake their head. The story of Elisha Figueroa might too.

Figueroa recently sold her house – but still lives there. She said 150 people walked through her home in two days, netting nine offers – half of them all cash. And even though she no longer owns the home, the buyer said she could stay living there for five months… rent-free.

[‘On everybody’s radar’: As many as 1-in-5 Ada Co. homes not going to primary homeowners]

“They didn’t require an inspection or an appraisal,” Figueroa said. “They paid all the closing costs, and you know this was not an unusual offer.”

Figueroa said the offer the accepted ended up $65,000 over ask.

Buyers’ dread

While sellers get the offer of the dreams, folks looking to buy, struggle. Pogue found Joey and Lauren Jenkins, who happen to appear on Boise radio station My 102.7 (mini-disclosure: A current BoiseDev advertiser).

“My wife and I are and our little son now… we are trying to move closer to schools. There’s no way – you can’t afford it.  Two hard-working people, a hard-working family – having a house with a yard and a fence should be doable.”

[Is Boise like Austin 20 years ago? Lessons from Texas’ capital city provide clues to Boise’s possible future]

The story notes it isn’t just Boise – and looks at markets like Austin, TX. It considers factors like low mortgage rates, at-home work, and more.

You can watch, below.

Don Day - BoiseDev editor
Don is the founder and publisher of BoiseDev. He is a National Edward R. Murrow Award winner and a Stanford University John S. Knight Fellow. Contact him at [email protected].

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