Real Estate Quote FOLLOW UP GRAPH - 12/31/10 10:35 AM
 I THOUGHT I MIGHT FOLLOW UP WITH A GRAPH TO REINFORCE THE THOUGHT REAL ESTATE IS A LONG TERM INVESTMENT HERE IS A GRAPH FROM MY DATA BASE, IT ONLY GOES BACK TO 1963 FROM THE MLS DATA THAT I HAVE.
IF YOU WANT THE FUTURE TO PLEASANT YOU MUST TAKE ACTION NOW TO MAKE IT SO.

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Happy New Year - 12/31/10 09:58 AM
 Want to wish all a happy and prosperous new year. May the economic winds be kind to your business and personal life. Enjoy the opportunities the new year brings you.
And for all that yearn for the thought of the warm days of the "other seasons" meaning not white grass here is a picture to remind us there is hope the sun will warm you some time

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Real Estate Quote - 12/31/10 09:55 AM
The following is the most appropriate quote in relation to ownership of real estate I have seen. The wealth creation of owning real estate does not occur in a 12 month period 
If you are planning for one year, grow rice. If you're planning for 20 years, grow trees. If you're planning for centuries, grow men." - Chinese proverb
 
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new single family permits, starts and sales - 12/23/10 01:38 PM
 Saw a head line touting an increase in new construction single family sales up 5.5% for November while true, it really does not convey the overall state of the new home industry in the United States. It is important to keep in mind that all real estate is local yet the national physic will permeate the mood of the general housing buying public and spill over and affect what happens locally since you have people moving around the country to different locations and they bring their biases with them , just as in the hot days the buyers from out of … (0 comments)

housing and numbers - 12/23/10 10:53 AM
Census bureau information is starting to be released and with some simple math you can get a feel for the length of time it is going to take to resolve the housing oversupply/foreclosure problem.
From census in 2000 to the 2010 census
1st the population in the united states  increased by approximately by  27 million people
2nd that increase means that households increase by approximately  9.3 million
3rd number of housing units increased by approximately 14.5 million
Soooooooo simple math says as now 2010 we have an oversupply of about 5 million housing units (new housing units 14.5 minus new households … (0 comments)

home price in Billings vs. the stock market - 12/20/10 09:35 PM
 Since it is the end of the year and the "stock" gurus are touting the "huge" run up in stock prices thought you might like to see the comparison in Billings the past five years vs. the stock indexes
First the dow

 Second the S&P 500
 
Third the NASDQ
 
Fourth but not least home prices in Billings Both the Median and Average sales prices show a 9.3% increase since 2006. Now just like stocks you can find houses that have done worse and house that have done better. Yet with a house you have had a place to … (0 comments)

Building permits and starts nationally - 12/16/10 05:17 PM
Thought it might be useful to compare total permits and single family on graphs together . The important take  away is, total permits and starts include multifamily, single family is single family, at the peak you can see the larger separation of the two measurements and how the spread has narrowed. In the immediate run as we increase employment and household formation combined with the low levels building  in relations indicate pressure on both rents and sale price in the midterm (out 12 to 48 months) some demand will be filled by the foreclosures for both rental and ownership sales, yet … (0 comments)

1504 Linda lane Billings Mt 59105 - 12/15/10 11:05 AM
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reantal availability - 12/09/10 12:19 PM
looking at the trends in rental availability in Yellowstone county, it seems to indicate rent hikes are in the offering for tenants. when looking at the trend line there are lees homes and apartment available for rent and generally speaking when there is less of something available it means the price goes up. will be interesting to watch what happens in 2011

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comparing november sales - 12/07/10 09:09 AM
in looking at the November sales comparison you can see in 2008 where people felt the world was going to end, we just at the beginning of financial storm. what it communicates to me is market stabilization which is a real positive.

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5541 Walter Haggen Billings Montana 59106 - 12/07/10 09:01 AM
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makert stats through November 2010 - 12/04/10 12:49 PM
 When you look at single family permits you can see the effect of the new building code that went into place November 1st. last month they we up and you can see the decline this month. We should end the year with a tie for 2009 in building permits. So 2011 should most probably exceed 2009-2010. There is a cave eat installation of fire suppression sprinklers may go into effect January 1st 2011 and if that happens the cost of new homes with jump without any added space or new amenities , which most probably will depress demand until existing prices … (0 comments)

makert stats through November 2010 - 12/04/10 12:49 PM
 When you look at single family permits you can see the effect of the new building code that went into place November 1st. last month they we up and you can see the decline this month. We should end the year with a tie for 2009 in building permits. So 2011 should most probably exceed 2009-2010. There is a cave eat installation of fire suppression sprinklers may go into effect January 1st 2011 and if that happens the cost of new homes with jump without any added space or new amenities , which most probably will depress demand until existing prices … (0 comments)

makert stats through November 2010 - 12/04/10 12:47 PM
 When you look at single family permits you can see the effect of the new building code that went into place November 1st. last month they we up and you can see the decline this month. We should end the year with a tie for 2009 in building permits. So 2011 should most probably exceed 2009-2010. There is a cave eat installation of fire suppression sprinklers may go into effect January 1st 2011 and if that happens the cost of new homes with jump without any added space or new amenities , which most probably will depress demand until existing prices … (0 comments)

Stability in the market place - 12/03/10 08:54 AM
watching the realtionship of active inventory to pedning sales will show the direction of the market. you can see where the tax cfedit ended in april. yet the real posative is the stabilty of the pendings to the active invetory.since May it has stayed between 20 to 25%  so showing six months of stabilty. although at a lower level it would sugeest also stbilty in pricing.

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