real estate: Market update at a glance septemebr 2011
- 10/07/11 12:33 AM
the two graphs below show the trends in sales and pricing over the last five years. some of the pricing diferntial is from size of homes purchased.
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real estate: is now a good time to buy a home
- 09/20/11 04:31 AM
When making a major decision such as a buying a home many factors come into play. The first piece of information would be how long you plan to live in the home. In my opinion, your time frame should be a minimum of five years, unless there is some plan to convert the property to an investment property, which can change the parameters of the decisions. Below is the information for Yellowstone county to compare what has happened since 2007 mid-September to mid-September 2011. In reviewing the information from 2007 you can see why my opinion is that five years should … (2 comments)
real estate: Market update at glance july 2011
- 08/08/11 06:54 AM
Employment is the key to housing and we, in Yellowstone County, are moving against the national tide of flat employment. Several things of note to highlight. #1 the percentage we are behind 2010 in closed transaction has been narrowing , a positive, #2 inventory is slightly below 2010 a positive, #3 employment in the Billings MSA is 2300 jobs higher than June of 2010, #4 although not great news for my friends in the home building business, single family permits year to date are off 30%, this give the market in resale’s a positive by reducing supply to increase absorption. So … (0 comments)
real estate: makert stats through april 30th 2011
- 05/05/11 02:31 AM
We are now 1/3 of the way through 2011 and at least the question of the tax credit effects are answered in spades. Last year the tax credit to buy a home expired on April 30th and as you can see by both the pending sales (down 30% ) and closed (down 20%) can leave no doubt in any one's mind to question of "if you give people $8,000 to buy a house will they?" Of course any time you take an action the law of physics demands that a complete an opposite reaction will occur. So now the market gets … (0 comments)
real estate: market trends in yellowstone county april th 2010
- 04/18/11 06:39 AM
In order to enjoy a day of skiing in the winter you need a slope so gravity can work its magic and pull you down the slope. I thought skiing was an appropriate analogy for how we are performing so far this year. The information is current as 4/12/2011 First looking at the percentage of the market by price range the two thing of note are #1 the high end by number of sales, except for the year 2009, are remaining constant as a share of the market. This should not be a surprise since historically low interest rate and more … (1 comments)
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