Expert: Housing Will Deflate, Not Burst
August 03, 2021
This story by Scott Jackson was published in the Moscow-Pullman Daily News on Aug. 3.
Effects of the pandemic and the Great Recession are among key factors contributing to the sharp spike in housing prices seen across Idaho in recent months, according to University of Idaho economist Steven Peterson. “I have not seen a housing market ever like this,” he said. “I’ve seen many booms, but not like this, not this kind of price spike.” Read more.
About the University of Idaho
The University of Idaho, home of the Vandals, is Idaho’s land-grant, national research university. From its residential campus in Moscow, U of I serves the state of Idaho through educational centers in Boise, Coeur d’Alene and Idaho Falls, nine research and Extension centers, plus Extension offices in 42 counties. Home to nearly 11,000 students statewide, U of I is a leader in student-centered learning and excels at interdisciplinary research, service to businesses and communities, and in advancing diversity, citizenship and global outreach. U of I competes in the Big Sky and Western Athletic conferences. Learn more at uidaho.edu