Knight Property Management

Stalemate or Setup? My Take on Housing as We Head Into 2026

From what I can see, the housing market right now is difficult to read and even harder to predict. In my opinion, we’ve been stuck in a bit of a stalemate between buyers and sellers. Sellers have been reluctant to meaningfully reduce prices, while buyers are largely sitting on the sidelines waiting for both prices and interest rates to come down. While 30-year mortgage rates have fallen significantly from their peak a couple of years ago—now averaging in the low-6% range—2025 still saw low transaction volume, limited single-family construction, and largely stagnant rental pricing. Based on my research, this combination has kept both owner-occupants and investors cautious, even as there remains clear underlying demand for housing.
From a real estate investment perspective, I continue to see hesitation. Despite solid GDP growth, roughly 6 out of 10 people say the economy isn’t working for them, and I think that sentiment shows up clearly in housing decisions. Over the past several years, large increases in home values have been accompanied by rising property taxes, insurance, and utility costs—some up as much as 50% over five years—while rents have not kept pace. In my opinion, this has made real estate harder to justify as an investable asset class in the short term, particularly with debt service costs still elevated. Even though lower interest rates in 2026 could push capital out of treasuries and back toward appreciating assets like real estate, I believe many investors remain hesitant given the current risk-reward balance.
Here in Boise and the Treasure Valley, we’ve been fortunate. Our market didn’t see the sharp declines experienced in some other regions, though reports do point to softening, with some estimates showing price declines of up to 7% year over year. While the pace has slowed from its peak a few years ago, people are still moving to the valley, and I believe that trend will continue. Given the ongoing shortage of entry-level and affordable single-family homes, I believe that segment of our market will remain relatively solid. That said, the days of automatic 10% annual appreciation appear to be behind us. I also look to short-term rentals as a leading indicator, and as an Airbnb owner and manager, I’m hearing more concern about occupancy rates, increased last-minute bookings, and softer demand—particularly in vacation markets that boomed over the past few years. Affordability remains a real concern across the board, especially for younger buyers. At best, 2025 felt like a sideways year. Whether 2026 brings an affordability crisis or a renewed opportunity driven by lower interest rates and stagnating prices remains to be seen. Only time will tell.

I’m available if you have questions, need guidance, or want to talk through your specific situation.

Sincerely,
Josh Lee Knight
Knight Property Management

Spacious 4 Bed / 2 Bath Home in Nampa FOR RENT $2295– Quiet Street, Huge 3-Car Garage!

Welcome to your Idaho dream home! This beautifully maintained single-level 4 bedroom, 2 bathroom home is located on a quiet street in Nampa, offering peace and privacy with easy access to all of Boise and the Treasure Valley.

Step inside the Harrison 2025 floor plan, where over 2,000 square feet of open living space welcomes you with a bright and airy layout. The spacious living room flows seamlessly into the dining area and kitchen — perfect for entertaining or relaxing at home. The kitchen features modern finishes and a clear view of the main living areas, creating an ideal gathering space.

Retreat to the private master suite, complete with a large walk-in shower, dual vanity, and generous closet space. Three additional bedrooms provide flexibility for guests, office space, or hobbies.

Enjoy a large, private backyard with a full sprinkler system and low-maintenance landscaping — great for outdoor living without the hassle. The oversized 3-car garage gives you plenty of space for vehicles, toys, or storage.

Additional highlights:

Energy-efficient heating and cooling

Like-new condition

Great schools nearby

Convenient to shopping, dining, and amenities

Don’t miss your chance to live in comfort, space, and style — schedule your showing today! Responsibilities & Lease Terms

Tenants are responsible for all utilities and lawn care to keep the home running smoothly and looking great.

Lease terms are negotiable — we're happy to work with your timeline. Shorter lease options are available with an added premium.

Ready to apply? Submit your application on Zillow or reach out directly to schedule a private showing.

Josh | Knight Property Management
📍 Boise, ID
📞 208-371-2524

Happy New Year! As we begin 2025, I want to provide an update on the evolving trends in the Treasure Valley real estate and rental markets. Each new year brings fresh opportunities and challenges, and staying informed is key to making the most of them.

Current Real Estate Market Trends
The single-family home market remains level, with little to no appreciation or depreciation. A significant driver of this stability continues to be the large number of homeowners who locked in historically low interest rates in recent years. Many of these properties are effectively "disappearing" from the real estate market, as owners are choosing to hold onto them indefinitely.

This tightening of inventory is likely to maintain upward pressure on home prices over the long term, particularly as demand continues to grow from people moving to the Treasure Valley.

Rental Market Update
The rental market is also undergoing notable changes. One trend to watch is the increasing number of homeowners converting their primary residences into rental properties rather than selling. This influx of rental inventory could put some downward pressure on rent prices, especially in the single-family home segment.

At the same time, we’re seeing the largest disparity I’ve observed between rent values and what a mortgage would cost on the same home. This widening gap could influence tenant behavior and impact demand, as affordability challenges become more pronounced for renters considering home-ownership.

Moving Forward
As we navigate these shifting dynamics, I remain focused on:

Monitoring how increased rental supply impacts rent prices in the coming months.
Evaluating opportunities for strategic rent adjustments based on market conditions.
Analyzing the long-term implications of reduced housing inventory and its effect on property values.
How I Can Help
If you have any questions about your property, portfolio, or the market in general, I’m here to help. Whether you’re considering adjustments to rental rates, adding to your portfolio, or exploring selling opportunities, I’m always available to provide guidance tailored to your goals.

Best location in NW Boise! $1975/mo.

I've got a couple of nice houses available for rent in Boise. Send me a message if you know someone looking