As fall approaches and a new school year begins, Ada county has seen a slight uptick in home sales compared to July and early August. I am still seeing homes in Ada county priced at or just below the $250K price point sell within a day or two. What does that mean for you? If you are a first time home buyer and you are considering buying a house rather than rent, you may be in a hard spot. Your rent on a 2 bed 2 bath apartment or home is about $1200 to $1500 per month. If you were to buy rather than rent and you wanted to keep your monthly housing payment roughly the same you are looking at a house just under $250K with a decent down payment. The upside is, you are no longer paying the landlord to realize no appreciation of your own. Interest rates today on a 30 Year Fixed Conventional is 3.5% which will continue to spur buyers to purchase rather than rent.