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Housing starts are at 1.04 million, up 7% from this February and up 47% from this time last year. This number is achieved highly due to the recent surge in building apartments and condominiums. These multi-family units alone jumped 82% as compared to last year. Each unit within these types of complexes is counted in the statistics so they can be extremely volatile. When looking at a more stable number, single family units, the percentages have actually fallen by 6% since February. But, there is a strong demand for the multi-family and rental type living environments that does (2 comments)
montana real estate: Montana Ranch Sales: Land Value in Montana - 04/02/13 02:45 PM
Companies from Bozeman to Billings have seen an uptick in investing in working ranches. Cattle prices are good and the prospect of the global world developing a stronger middle class only speaks of the demand for cattle to increase in the future. Grey Fay, a Bozeman-based real estate businessman, “sees the interest in ranch purchases as a play by American billionaires to add a tangible, low-return investment to their portfolios with the idea that land values have bottomed out and could appreciate considerably in the future.” (http://billingsgazette.com/news/state-and-regional/montana/ranch-sales-rise-as-wealthy-investors-put-cash-in-land/article_c0b70ee3-2e86-5a23-83f3-81e1eb281b5a.html)
Seeing the investment: In 1972, a ranch could sell for $36/acre. In 2011, (0 comments)
Household wealth in the U.S. has climbed in the fourth quarter to the highest level in five years. Good news is abounding. Household wealth is approaching pre-recession levels and that, in conjunction with the Federal Reserve pushing to keep lending rates low, consumer confidence is surging. “Growing wealth puts households in a better position,” said Paul Edelstein, director of financial economics at IHS Global Insight in Lexington, Massachusetts. “They’ve acquired a lot of financial assets, and that’s a positive for spending.” The housing market is surely making its way to recovery. Single (5 comments)
Activity in Bozeman continues to trend very positively. Big Sky continues to improve in median price and also days on market. Belgrade is up and Manhattan and Three Forks continue to improve. Bozeman and the Gallatin Valley are moving nicely! The realtors and their suppliers are still very busy, prices are rising, days on market stats are shrinking. It is a great place to live and the stats continue to prove this out. Stats for Improved Properties:
* Data is for period Jan 1 – Sept 30th – includes all improved categories except for mobile/manufactured. Summary of Data for Improved (0 comments)
Overview Even through the tough times the last couple of years, we still saw very healthy buyer activity in the lower end of the market (up to about $220,000.00). This healthy activity is now steadily moving the middle market up to $500,000.00. It appears we hit the price bottom a while back. But prices stagnated until buyer demand came to meet it. Rates have been and continue to be at near historic lows. Check this link for the latest http://finance.yahoo.com/. Thirty year rates are in the mid 3’s and fifteen year rates are below 3%. Prices are creeping up in (0 comments)
montana real estate: Market Overview – Bozeman, Big Sky - 05/29/12 02:34 PM
This story overviews recent trends in real estate for Bozeman (and surrounding communities) & the Big Sky market. Bozeman has been interesting to follow for the Spring/early summer market. If you have a home priced right under $300,000.00, it has not taken long to find a buyer. The number of distressed properties (bank owned and short sale properties) has also decreased with most going under contract quickly. Here are a few positive trends in Bozeman: Median sales price has increased to 283,400 in 2012 from $251,000 in 2011 Total units & total volume also increased For condos & townhomes, (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.