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Awaking the Real Estate Market - 03/30/12 08:56 AM
Home markets are rebounding. That is the message that is being proclaimed all over the US. But as a cautionary note, there is still a long way to go. Freddie Mac’s 2012 Economic Outlook reports “The housing market is showing some signs of shaking off the depression-like conditions that have plagued it for much of the past few years. As if awakening from hibernation, housing starts and home sales moved to higher levels of activity.”
A primary factors helping the housing market get back on track is the drop in unemployment. Half of the recent increase is directly due to rising construction … (2 comments)
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NEW LISTING: Big Sky Montana, Dream Home Location - 03/29/12 02:59 PM
What a fantastic Meadow location. Easy access to everything, upgraded lighting, open floor plan, very well loved and maintained. Bedrooms are well sized, stackable washer and dryer convey in a split bath with dual sinks. This is a must see, and the association dues are some of the lowest in Big Sky at $285 per quarter plus $175 semi annually and no Big Sky dues. Click the picture to find out more!
Gallatin County is one of the fastest growing economic areas in the northern Rocky Mountains with a vibrant economy, an educated work force, a major research university, a … (2 comments)
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BUY REAL ESTATE NOW - 03/28/12 10:07 AM
Despite the doom and gloom of the past few years, there is a silver lining in the housing market! The good news is that today’s market offers unprecedented opportunities for homebuyers—if you understand today’s market and the new rules. After the explosion of bad decisions, overspending, and badly structured mortgage programs, the smoke has cleared to reveal a new market of real estate standards and practices that provides a safer, more secure and healthier climate for homebuyers and homeowners.So why should you consider buying now? Let's go over my list of five great reasons:
CLICK HERE TO READ MORE
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Checklist to Find a Great—not just a good—Agent - 03/26/12 11:16 AM
Excellent points. I have done a number of listing presentations in the last few weeks and the pointers below are right in line with 1) how a possible client should enter the meeting and 2) how an agent should be prepared.
Via Jenifer Owens (Bozeman Montana Real Estate .net):
I run into daily examples where I hear about an agent handling a situation in a manner I gawk at because I can never see my responding in the manner than said agent did. Each time this happens I am reminded that, although all real estate agents carry the title of realtor, everyone’s … (2 comments)
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Positive News, Real Estate Market is on the Mend! - 03/26/12 08:28 AM
Positive News, Real Estate Market is on the Mend!
99 real estate markets have made the Improving Markets Index for the month of March. See the full details of the Index HERE.
"With nearly 100 metros showing consistent improvement in local economic and housing conditions, more consumers are feeling confident enough to take advantage of the buyer's market this spring," says Kurt Pfotenhauer, vice chairman of First American Title Insurance Company.
The 31 metro areas added to this month’s list are:
Anchorage, Alaska Little Rock, Ark. Bakersfield, Calif. Merced, Calif. Washington, D.C. Crestview, Fla. Orlando, Fla. Panama City, Fla. Iowa City, … (2 comments)
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What Clients Say About Tim Hart - 03/23/12 10:07 AM
"Just to give you heads up, even though this adventure is complete for you, I will ever now and then stay in touch and check in on you. I hope and pray that others will get to know how much of a heart you have and that your last name fits you beautifully. Jennifer (Owens) was great and we appreciate her being there in your place. Have a wonderful trip back to the states and I would love to hear how it went. Please stay in touch because you are a great friend that has touch our hearts greatly!!! Thank you so much!!!" … (3 comments)
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The VA Way: Veteran's Affairs and Real Estate - 03/21/12 08:04 AM
Since its inception in 1944, the VA Loan Guarantee Program has arguably become one of the most powerful tools a lender has to help qualified veterans realize their dream of homeownership. There are millions of veterans who are eligible to take advantage of this program. The program is also available to active duty military, as well as surviving spouses of veteran who died in service or as a result of service. Overall, the benefits and features of a VA loan program are vast, but there are a few highlights that truly make it unlike any other loan program offered today. The first … (0 comments)
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Two Highest Impact Age Groups: Seniors & Young Adults - 03/19/12 08:43 AM
“Baby Boomers” and “Echo Boomers” are the two demographics of the population that are foreseen to have the greatest impact on real estate trends over the next 20 years. In a new report released by the Bipartisan Policy Center, “Demographic Challenges and Opportunities for U.S. Housing Markets,” researchers at the National Association of REALTORS®, The Urban Institute, and the University of Southern California analyze key demographic trends and their likely influence on housing and homeownership in the United States.
Why you may ask? Baby Boomers are increasing the nation’s senior population by 30 million. This shift will increase the supply of housing … (2 comments)
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Government Reduces Foreclosure Inventory - 03/16/12 07:22 AM
In 2011, the government cut the foreclosure inventory by half. “From the end of 2010 to 2011, Freddie Mac, Fannie Mae, and the Department of Housing and Urban Development saw a 49 percent reduction in the number of REO properties it owns. The three government enterprises held about 150,700 properties as of Dec. 31, 2011, compared to 296,000 at the end of 2010.”
Who Decreased By How Much?
HUD: Reduced foreclosures by 32,000, a 47% decrease.
FANNIE MAE: Decreased by 118,000, 27% of its total inventory.
FREDDIE MAC: Dropped 16% of REO inventory, 60,500 compared to 72,000 in the prior … (0 comments)
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Americans Show Signs of Being Optimistic - 03/14/12 09:18 AM
Fannie Mae’s National Housing Survey reports American’s concerns are subsiding. Now that the job market is on rebound, the overall feelings about the economy and transversely the housing market have more and more confidence behind them.
“The pickup in the pace of hiring over the past few months has helped soothe consumer concerns, lifting their moods regarding their personal finances, the direction of the economy, and their views on the housing market,” says Doug Duncan, chief economist of Fannie Mae. “As a result, we’ve seen more potential for economic upside, creating a more balanced near-term outlook.”
Read More:
http://realtormag.realtor.org/daily-news/2012/03/08/americans-more-optimistic-about-housing-economy
… (2 comments)
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Prices Appreciate: Top 5 Markets - 03/12/12 08:10 AM
Stabilizing is a word being thrown about to describe the current housing market. CoreLogic has found the following five states to go beyond ‘stabilization’ to price appreciation:
South Dakota: 5.7% North Dakota: 4% West Virginia: 4% Montana: 3.6% Michigan: 3% The average price change recently recorded was a drop of 3.1% as compared to the above five markets and their price increases. In fact, Illinois’s market was down 8.7%. Blessed to be a Montanan—always.
Source: “Home Prices at Levels of 10 Years Ago: CoreLogic,” HousingWire (March 7, 2012)
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Short Sales Continued Growth - 03/05/12 08:20 AM
Banks are changing their attitude on the infamous distressed sales by being more willing to agree to sale at a lower cost than a home owner’s mortgage balance. This will ultimately avoid the property from shifting to the status of foreclosure for then the property becomes more costly for the lender. The trend banks are taking to do more short sales is likely to “show up in more local markets in 2012 as lenders recognize short sales as a better option for many of their non-performing loans," said RealtyTrac CEO Brandon Moore.
To Read More Click Here
To Ask Questions, Click … (1 comments)
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Good Articles In the Housing Market For Your Friday - 03/02/12 09:21 AM
Two interesting articles I have found in the last few days: I hope you enjoy them too!
Is the housing market the go-to place for smart investors today instead playing the unstable stock market? Billionaire investor and Berkshire Hathaway CEO, Warren Buffett, seems to think so.
READ MORE
34% of homes bought in January were paid for in cash! Oftentimes, cash transactions are indicators of investor purchases. What can this mean for the market overall?
READ MORE
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Tim Hart
Tim Hart
Bozeman,
MT
More about me…
At Home In Bozeman
Address: 2101 Durston Suite #4, Bozeman, MT, 59718
Office Phone: (406) 570-5730
Cell Phone: (406) 570-5730
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