Montana Realtor Blog, Real Estate Market Information Billings, Montana, Yellowstone county

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Industry Observer - Howard Sumner Consulting

ARCHIVED BLOG POSTS

2010 

i ran acorss this infromation i thought it might intersting to all of us thta sell real estate. According to GAO, through July 3, 2010, approximately one million claimants claimed $7.3 billion in interest-free loans through the Housing and Economic Recovery Act of 2008, which provided homebuyer a...
10/21/2010
the new constuction reamins enemic and probably will  stay that waythrough 2011. hard to see real improvement until the froclosure mess has reached its zenith and the properties are thta are being forclosed on now are sold and don't rpesent a drag on pricing.   permits issued             one unit...
10/21/2010
 here is the a market update through october 15th 2010. closed sales are slowing realative to last year which again is the driect resault of the tax credit. a more tradition mix of slaes prices is leading to the increase in the avarge an median sales price. not some underlying strength in pricing...
10/21/2010
9433 US Highway 87 The Little House On The Prairie PROPERTY DETAILS $85,000 LISTING INFORMATION Bedrooms: 2Full Baths: 1Half Baths: 0Sq ft: 1514Lot Size: 17.9 acresStyle: RanchGarage: 2 Car+Heat Source: See NotesTaxes: $581.00 PROPERTY DESCRIPTION This home is located approximately 9 miles North...
10/20/2010
1057 Ginger Avenue Bring The Family! PROPERTY DETAILS $219,900 LISTING INFORMATION Bedrooms: 4Full Baths: 3Half Baths: 0Sq ft: 2714Lot Size: 9,600 sq. ft.Style: 4-levelGarage: 2 CarHeat Source: GasTaxes: $2106.00 PROPERTY DESCRIPTION Your family won't want to miss this home with a roomy floor pl...
10/19/2010
408 Kuhlman Drive Residential Manufactured Home Zoning PROPERTY DETAILS $55,000 LISTING INFORMATION Bedrooms: 2Full Baths: 1Half Baths: 0Sq ft: 924Lot Size: 9526Style: MobileGarage: 1 Car+Heat Source: GasTaxes: $1050.00 PROPERTY DESCRIPTION This property is being sold "as is". Consisting of an o...
10/19/2010
The bottom line on all the mis ques is, housing will be hurt for years to come. A major point to remember is the purpose of the loans were not to buy houses but to have loans to securitize to make profits for wall street. The home loan was just a by product of financial wizardry and  that is why ...
10/14/2010
Rent vs. own How the interest rate makes owning almost a no brainer   Right now in Yellowstone County the average priced home sell for $212,242 and the median priced home sell for $188,000.using those figures than comparing renting to owning shows the power of interest rates and moderating prices...
10/12/2010
STRENGTH OF HOUSING, PRICING AND SALES IS RELATED TO THE INCOME IN THE AREA. IN MONTANA WE HAD SEVERAL AREAS THAT THOUGHT THEY HAD DISCONNECTED FROM LOCAL INCOME TO THE PRICING OF REAL ESTATE. NOW WITH THE NATIONAL ECONOMY IN THE DOLDRUMS AND LENDING PRACTICES CHANGED THE PRICING IN THE MID TERM ...
10/11/2010
one of the trends that always show up as the market shifts is the relationship of sales price to list price ratio. when times are good the difference between list price and sales shrinks since the sales are following the listed price up. yet when the market turns down as we are living through now...
10/09/2010
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The Most Current Information on the Real Estate Market in Billings Montana From a Top Performing Realtor, in Billings Montana, Yellowstone County