montana new home sales: Market update February 2016 yellowstone county montana - 03/16/16 02:09 AM
 
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FEBRUARY 29Th 2016
 “READY SET, WHOA OR GO!!, LOOKING AT 2016”
February’s market update starts with “Let’s think different and ask different questions”.
I believe it has been awhile since I addressed the issue of what I try to achieve with the information I collect and distribute.  The first issue is to understand that essentially all the “numbers” I put together, in reality, are indexes of activity in the market place. Why may you ask is that important, while it is true I strive to create an accurate representation, in the end though, it is still a partial representation of the … (2 comments)

montana new home sales: market update November 2015 - 12/15/15 03:41 AM
 NOVEMBER 30th 2015
 “HAVE A GREAT HOLIDAY AND MERRY CHRISTMAS”
November’s market update starts with “THANK ALL OF YOU FOR YOUR SUPPORT AND BUSINESS”.
The end of NOVEMBER 2015 numbers, closed sales up +5%, pending sales up +27 %, inventory down    -1%, and interest rates down -3% from the year earlier. The interest rate trend of year over year declines will end this next month (November) would be my prediction (I WAS WRONG IN OCTOBER).
As of the end of the week of December 11th the rig count in North Dakota is down -121 rigs since last year, 58 working in 2015 and 179 working … (1 comments)

montana new home sales: Market update at glance September 2015 - 10/20/15 01:26 AM
Market update at glance
September 30th 2015
“History and Fall, a couple favorites of mine”
September’s market update starts with discussion Historical perspective. Those that have read these report for a while know that the high point in activity for residential sales was 2006, in that year there was 2043 “home sales” in Yellowstone county, there was 551 single family living units (single family plus duplex) created by permits taken out in the city of Billings. Average sales price was $191,850; 30 year fixed rate was 6.41%, making the PITI payment $1,531 dollars per month. Fast forward to this year 2015 residential sales … (1 comments)

montana new home sales: market update at glance august 2015 - 09/14/15 08:46 AM
August 31ST 2015
 “END OF SUMMER BEGINNING OF SCHOOL”
What has the summer taught about the market?  
Just really going to let the numbers and charts speak for themselves this month. if you have any question please call or email
 







 
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montana new home sales: market update at a glance april 2015 - 05/09/15 02:55 AM
http://www.realestatemontana.com/blog/Market-update-at-glance-april-2015

April 30th 2015

 “Spring has sprung and the sprung has the market Jumping”

April’s market update starts with a saying I believe most would be familiar, about flowers coming to bloom as sign of renewal and growth.  Actually though April is a continuation of “March Madness”  activity since weather warmed and interest rates dropped in 2015 Market.  At the end of April 2015, closed sales up +12%, pending sales up +10 %, inventory down    -10%, and interest rates down-15% from the year earlier.

As of the end of the week of May 1st the rig count in North Dakota … (2 comments)

montana new home sales: 1024 Lost View Drive, Billings MT 59105 - 05/16/12 05:53 AM
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montana new home sales: national home sales - 12/06/11 11:18 PM
The national association of realtors has acknowledged that they have actually overstated home sales. They have also stated they are in the process of revising their methodology in coming up with their figures and will restate their “estimates” in the “near” future. To give you an idea of how their restatement may look here is an estimate of sales then two graphs on show the numbers below and one showing new single family sales to give a visual and actual bench mark for comparisons
  
Here is new single family sales as a bench mark comparison for you to decide … (0 comments)

 
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Howard Sumner

Your Real Estate Source, Your Results Solution!!

Billings, MT

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Howard Sumner Consulting

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