While it may not be the optimal time to buy a home in Boise and the surrounding communities, the Boise housing market has adjusted to several market corrections. Realtors with a lot or little experience took advantage of Boise being the most overvalued home market in America for the last two years.

One national financial publication says that value is changing in the opposite direction. Although some have said the Boise market is ready for a market crash, the market is moving from a seller's market to a buyer's market. More homes are on the market this summer than we've seen in the past two summers. However, rising interest rates have dampened buyers' enthusiasm to buy a home quickly.

Find out if Idaho is a top five state to live in here.  Story continues after short gallery.

Five Best States To Live In

Notorious for creating all sorts of lists and ranking just about everything under the sun, WalletHub is back at it again. Why must these sites pit the states against one another? Regardless--here we go...the Five Best States to Live In, ranked!

Gallery Credit: Credit: Mateo, 103.5 KISS FM

Fortune reports that inventory specifies the spike in available home inventory in the Boise Market. Last month, housing inventory rose 141% above the previous year and 34% above 2019. Several contractors and local builders have told us they've seen a drop in new housing and building applications in various Treasure Valley cities.

The recent push by developers to construct homes at warp speeds could spell trouble for them with too much inventory on the market, which will increase supply.

Fortune relays the details of this scenario from a local Boise builder's perspective.

"We’re seeing [Boise] builders pull back across the board. Unlike 2008, many aren’t being caught as off guard this time. They have more cash. They’re making concessions and moving inventory," says Mac Wrigley, a senior operations manager at Boise-based Sekady Capital."

If interest rates continue to rise home sellers will have to provide incentives to lure back buyers who lack the 'affordable money' of the past few buying cycles.  If somehow interest rates are lowered, the Boise market could once again lead the nation in home values.

10 Incredible Artists That Could Sell Out Boise State's Albertsons Stadium

It's been three long years since Garth Brooks sold out two nights on "The Blue" at Albertsons Stadium. Luke Combs has already sold out his 2023 date at the same venue. We have no idea if BSU is planning to host ANOTHER concert in the future, but we're sure that if they do these folks could sell out the stadium!

Gallery Credit: Michelle Heart

Boise Parks And Recreation Activities, Classes, and Camps For Fall 2022

Boise's Parks & Recreation is hosting some amazing activities this Fall for the whole family!

Gallery Credit: Cort Freeman

More From 103.5 KISS FM