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2016-11-13T00:00:00.000Z

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Carey Farmer

Broker Associate

Group One Real Estate

Direct Phone: (208) ***-****       

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Group One Real Estate

913 W. River Street Suite 300

Boise, Idaho 83702

United States

Company Description

Group One offers and experienced sales staff that is without rival in the local Real Esate industry. Our agents have been hand picked from the most productive and highly qualified realtors in Ada County. ... more

Find other employees at this company (266)

Background Information

Employment History

President

Boise Regional REALTORS

Nuclear Medicine Technologist and Rad Tech

Saint Alphonsus Regional Medical Center

Affiliations

Board Member
National Association of REALTORSÂ

Honor Society Member
Honors Society

2016 Board President
Ada County Association of REALTORS

President and Chair of the Board, Current Gold Member
Junior League of Boise Inc

Education

proud Bronco

Boise State

Web References (196 Total References)


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Carey Farmer carey@careyfarmer.com


"Lack of inventory compared to the ...

boirealtors.com [cached]

"Lack of inventory compared to the ongoing demand is the main driver of home prices in both counties," said Carey Farmer, BRR's 2016 President and Associate Broker with Group One Sotheby's International Realty.

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"Homeowners considering selling their home this year should not let the conventional wisdom that fall isn't a great time to sell, hold them back," reiterated Farmer.
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Carey Farmer, 2016 President of Boise Regional REALTORS® and broker associate with Group One Sotheby's International Realty, explains: "Home buyers are not competing with as many people as they were in the spring and summer.
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"The best advice I can give to any prospective buyer is to do your homework and find trusted partners," said Farmer.
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"We expect to see month-over-month declines in price this time of year as we come down from the busy spring and summer months," said Carey Farmer, 2016 President of Boise Regional REALTORS® and Broker Associate with Group One Sotheby's International Realty.
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"Many buyers have opted for Canyon County because of the lower prices compared to Ada County," explained Farmer, "but as demand picks up there, it puts upward pressure on prices."
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"Compared to 10 years ago, consumer demand versus supply is causing home prices to rise-not market speculation," said Carey Farmer, 2016 President of Boise Regional REALTORS® and Broker Associate with Group One Sotheby's International Realty.
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"When we look at the income needed to purchase a median priced home in Ada or Canyon County, based on today's mortgage rates and local income levels, things are still quite affordable," said Farmer.
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"Buyers at or above the median household income in Ada County should have no problem purchasing an existing home even with a 5% down payment," explains Farmer, "… and while a smaller down payment may make things a bit tighter when looking at new construction, it's certainly not out of reach. Canyon County also remains very affordable in both existing and new construction for most buyers."
For potential homebuyers struggling to save a down payment, Farmer encourages them to talk to their mortgage lenders and REALTORS® about financing options or down payment programs from groups like Idaho Housing and Finance Association (IHFA) to help people get into homes.
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"While the spring and summer months are typically the most active for the Ada County real estate market, the past few years have seen sustained activity well into fall and winter," said Carey Farmer, 2016 President of Boise Regional REALTORS® and Broker Associate with Group One Sotheby's International Realty.
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"Many people have held off listing their homes because they simply couldn't afford to; and it's been a main contributor to our current inventory situation," said Carey Farmer, 2016 President of Boise Regional REALTORS® and Broker Associate with Group One Sotheby's International Realty.
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Carey Farmer 2016 President
These numbers are still very positive for sellers, but serve as a benchmark for the research provided by their REALTOR®. Carey Farmer, 2016 President of Boise Regional REALTORS® and Broker Associate with Group One Sotheby's International Realty, explains: "Our job is to present an accurate, current, and realistic view of the market to our sellers to attract the most buyers, and to work to ensure their selected offer will appraise."
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Filed Under: Market Info · Tagged: Boise Regional Realtors, BRR, Carey Farmer, Market Report, Real Estate Inventory, Spring Housing Market
New Market Reports Show Strong Start for Housing in 2016
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Carey Farmer, President of Boise Regional REALTORS® and Associate Broker at Group One Real Estate: "This new level of detail helps consumers understand the trends behind the trends, while also giving our REALTOR® members another tool to explain these market variations to their buyers and sellers."
For example, looking at the Months Supply of Inventory metric for homes priced between $200,000-$249,999, as of January 2016, the demand for existing homes in Ada County far outpaced the supply, putting sellers in a great position to list. That said, buyers have a variety of options to choose from in new construction both in Ada and Canyon Counties.
"2016 started off much stronger compared to last year, both in price and the number of sales in most segments," said Farmer.

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