NARREIA Implements Teleconference to Unveil Real Estate Investment Hotspots in Lesser Known Real Estate Markets Nationwide

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The National Association of Residential Real Estate Investment Advisors has released a new teleconference service to showcase the real estate investment potential in metro areas that are typically harder for the average investor to identify by themselves.

NARREIA releases its teleconference schedule as a discussion and educational forum to identify potential investment hot spots that would usually not be of focus in the traditional mainstream. “In holding true to our creed of making money for our clients as opposed to making money off our clients, we have a responsibility to continue developing free services that exemplify the power of our network,” explains Sean Brown, Founder and CEO. “A teleconference held by our advisors in markets that fly under the main radar yet hold exceptional investment opportunities made a lot of sense. The strong rental conditions and prime locations for single family home investments in Boise, ID, make Boise a logical choice for this Wednesday’s call.”

Historically investors become aware of larger metro markets where appreciation rates and investment opportunities are highly publicized well into or even after the fact. NARREIA’s teleconference is poised to add an early barometer to investment markets that are showing early signs of potential such as the market subject of their first teleconference on Boise, Idaho.

"Believe it or not, Boise is poised to be the #1 market for appreciation in 2006, and that has many real estate investors excited," explains Lyndon Holdeman, a Boise Realtor who specializes in real estate investment. “The NARREIA business model allows for real estate investors throughout the entire country to have access to solid investment markets that otherwise may go unnoticed. Which is why I am very excited to lead this conference call so that investors all over the country can learn some of the facts about our market, such as the appreciation in Boise in 2005 which was over 20%. That is a phenomenal return on your investment dollars, and I expect 2006 to be another strong year with double digit appreciation gains.”

Some of the other key contributing factors to the appeal of investing in Boise as cited by Lyndon are:

  • High Demand, Low Supply – 40% fewer homes were listed for sale in January 2006 compared to January 2005.
  • Low Housing Costs – median prices are just over $200,000. This is very affordable when compared to California and Las Vegas, where many new residents are moving from to enjoy Boise’s clean air, mild climate, low crime, and excellent education systems.
  • Low Mortgage Rates – mortgage rates have creeped up slightly in the last 6 months, but are still historically low and make housing very affordable.
  • Robust Economy – a 2.9% unemployment rate is one of the lowest numbers in Boise’s history. Large employers include Hewlett Packard, Albertsons, and Micron Technology.
  • Strong Rental Market - apartment vacancy rates are still low (around 8%) and should stay low due to the below-average unemployment and high demand for workers.

The teleconference is scheduled for Wednesday, April 5, at 1 pm Pacific Time. There is no cost to attend however space is limited and reservations can be made online at http://www.NARREIA.com/rsvp where you will also receive information on how to attend. A copy of the call will be archived for a free download at http://www.NARREIA.com.

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Sean Brown
NARREIA
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