Two trends that were fueling each other like tornadoes touching down in the same place simultaneously—millennials migrating from urban centers to smaller markets and spiraling housing prices—may be colliding and sputtering out at the same time.
Ground zero for what could be a leading indicator of an approaching housing market slowdown is Boise, ID.
Housing prices in Boise, a millennial magnet and red-hot tech market that boasted an affordable, idyllic quality of life amid scenic grandeur, took off like a booster rocket during the first half of last year, leading the nation with a 4.1% surge in June.
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