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

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Real Estate Broker/Owner - Howard Sumner Real Estate - RRE-BRO-LIC-2190
  November 30th 2014    “Eleven Months Down, one to go”   In the immortal words of the Grateful Dead “what a long strange trip it has been”. I think that best describes 2014 Market. At the end of the 1st quarter 2014, closed sales down -13%, pending sales -1%, inventory up 4%, and interest rates ...
Market update at glance October 31st 2014  “Don’t bet against the Fed’s Printing Money” A comment about the title, since 2008 the Federal Reserve has accumulated approximately 1.7 trillion dollars in Mortgage back securities. This October they indicated any principal received would be reinvested ...
The Eternal Questions of Real Estate #1 How much is my home worth? #2 Should I refinance? #3 Is now a good time buy? #4 Will it pay me to do this _ _ _ _ _ Remodel Project? My standard answers are it depends. What follows is both factual information and guidance to try and sort through the proper...
Since low inflation has been in the news lately, mainly in reference to increasing social security payments for 2014. An increase caused by inflation of 1.7% is due on the January 2015 checks. Thought it might be interesting to look at the interest rates and housing costs plotted against the cons...
  “Oh what a difference interest rate makes”   First let’s look at closed transactions, September 2014 continued with fewer homes closed. Number of closed sales in Yellowstone County are 1636 September 2014 as compared to 1700 in September 2013, a 4% decline. Monthly year over year different stor...
Looking at the effects of the Frank-Dodd Bill creating the Consumer Finance Protection Bureau If you use Yellowstone county as an example of the effects of the reforms from “housing collapse” and the wild financing used in the white hot markets from around the country, Las Vegas, Phoenix, Califor...
August 31st 30th 2014  “End of the Summer” First let’s look at closed transactions, August 2014 continued with fewer homes closed. Number of closed sales in Yellowstone County are 1424 August 2014 as compared to 1516 in August 2013, a 6% decline. Monthly year over year same story monthly year ove...
In the world today with the perspective of the past five years and the “housing collapse” many have written that owning a home is less desirable the Renting. As in all things about housing, “national” trends may not be as applicable to any individual Market. We that live in Yellowstone are fortun...
The market and price point performance $200,000 and Above When you segment the market by price range you can more clearly see underlying trends that show up in the “average” performance numbers. Additionally, depending on the price point, there are definitely amenities that are required as you mo...
JULY 31ST 2014 “SECOND HALF IS WHERE THE GAME IS WON?” Two Months of summer gone, second half of the year beginning, so which way will be the direction of the market. First let’s look at closed transactions, July 2014 essentially matched last year in homes closed, 188 closed in 2013, 187 reported...

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