By Callie Kelley’s estimate, home sales in Boise, Idaho, dropped by 20% annually in October 2022 when mortgage rates had doubled from their post-pandemic low points. “In May 2022, we had a 60% annual gain and that was the peak. And then we lost 20% of that five months later, and the market has kind of just piffled along from January 2023 to January 2025,” said Kelley, the broker-owner of...