And builders of homes in the rest of the Northwest region of the US in 2009 began building residential properties, including condominiums and town houses, at a rate of between 8 and 9 percent.
Fifty-nine percent of year 2009 home sales throughout the United States have been incumbent upon FHA, VA, or USDA home loan programs.
In the Northwest Region of the US the rate of the use of these government loan programs has been fifty-one percent:
1. Veteran's Administration (VA) loans, eleven percent. 2. Federal Housing Administration (FHA), thirty-four percent. 3. United States Department of Agriculture (USDA), six percent home financing programs
Throughout the United States in 2009, the use of one of these three government home mortgage loan programs was through a No-Equity high home Loan-To-Value (LTV) rate of between ninety-six and a half and one hundred percent, which basically means home buyers were able to secure a home loan almost equal to, or in some cases equal to or greater than, the home's value at the time of purchase. Some LTV loans surpass a home's assesed value by as much as 25 percent!
NAR says, so far in 2009, the trend is: First-time Home Buyers have pushed 45% of all US home sales.
In concert with this national trend upward in US home sales, which was 13.0% for existing home sales in the Western part of the United States, interest in the Bozeman, Montana Real Estate Residential Home Market, including interest in the Bozeman Luxury Real Estate Market, had been trending upward in the last few weeks of the third quarter of 2009.
Bozeman and the Surrounding Area's Sold Data For Years 2003 Through 2009
Year
# Homes Sold
$ Total Sales Volume
$ Average
$ Median
*DOM
2003
703
$185,483,838
$263,846
$217,000
69
2004
731
$225,186,403
$308,053
$257,500
64
2005
816
$295,215,066
$361,783
$300,000
62
2006
650
$280,571,095
$431,648
$340,851
62
2007
556
$233,759,262
$420,430
$327,250
83
2008
502
$206,974,405
$412,300
$308,850
108
2009
338
$113,569,803
$336,005
$271,500
115
* DOM: Days on Market
The Year 2009 Pending Bozeman Home Sales Breakdown Through September 2009:
Bozeman - 111
Belgrade - 42
Big Sky - 17
The total number of homes sold in 2009 in the Bozeman real estate market appears to be trending toward 2008's sold total but with a trend downward in Bozeman area home sales prices, which is good for Bozeman home buyers.
Good News Update: with the October 28, 2009 Congressional (Senate) action on the distinct possibility of extending the Home Buyer Tax Credit, Bozeman home sales for 2009 may end up being higher than the number of Bozeman homes sold in 2008. After Senate approval, the Bill would have to go to the House and on to President Obama, who, along with some key Democrats, is a bit reluctant to extend the tax credit because of the additional cost to tax payers.
Ready to become one of the projected 350,000+ Amtrak riders to again ride the rails through southern Montana?
An October 16, 2009 Amtrak Rail System study says it'll be costly--over $1 billion--to rejuvinate the old North Coast Hiawatha Amtrak line that ran across the southern tier of Montana.
But the rebirth of this new branch of Amtrak's Hiawatha train service, servicing Montana from Paradise and Missoula, through Billings and Bozeman, Montana to Miles City and Glendive would add about 270 employees and cut greenhouse gas emmisions, releasing much less CO2 into the atmosphere.
This new, green way and green energy solution to travel from Seattle to Chicago, would earn Amtrak over $40 million each year.
Over long distances, train trips are close to 30% more energy efficient than car excursions and about 20% more efficient than airplane travel. A train can move a ton of human cargo over 400 miles of train track on one gallon of diesel fuel!
This extremely energy efficient form of travel is possible in large part because train drag is minimized as its length is increased, and, concomitantly, increasing a train's mass requires a relatively small amount of energy as compared with engaging the mass, if you will, of multiple busses or autos in an effort to transport large groups of people.
In about five years from now, on a trip across the United States, you may be able to stop off in Livingston, Montana for a quick side trip to Yellowstone National Park!
On a beautiful, warm fall day in Bozeman, Montana, the Montana State Bobcats pulled out a nail-biting victory today in over time against the South Dakota Coyotes, 31-24. Cody Kempt, in for ailing regular quarterback Mark Iddins, hit 23 of 43 throws, helping the Bobcats with 3 touchdowns and 249 yards, in the non-conference game between the two teams from the Big Sky and Great West Conferences, respectively.
Commencing the winter of 2009-2010, Big Sky Resort in Big Sky, Montana, will be instituting guided, 8:00 a.m. tram rides, allowing up to five skiers or snow boarders one hour of skiing/riding on Lone Peak an hour before the public hits the slopes.
Called Big Sky Resort's "First Tracks Program," the arrangement allows two people for a price of $500, with up to three more at $35/person, for a total of five, to ski with a Big Sky Resort guide from 8:00 am - 9:00 am before the lifts open to the public.
Weather, snow, and terrain conditions permitting, skiers/riders will load at the Ramcharger Lift at 8:00 am for a run on Andesite Mountain, after which the skier/rider will be able to go to the Swift Current Lift, and then to the Triple Lift, and finally to the grandaddy lift, the Tram, finishing by about 9:00 am.
The program was configured to allow skiers and riders demanding to ski Lone Peak bythemselves on powder days. Worth the cost? You tell me...
The City of Bozeman, Montana requires that if a person or entity plans to erect, enlarge, repair, move, alter, raze, improve, or convert a building or structure within the Bozeman city limits the person or entity apply for one of the many Bozeman building permits granted each year.
The Bozeman Real Estate Report contains information on the Bozeman building permit history since 2001.
Information on the site includes Belgrade, Three Forks and unincorporated towns in Gallatin County Montana.
Custom Southeast Bozeman Montana Luxury Home and Montana Horse Property
14.8 Acres in a lush country setting with trees, creek, unobstructed and spectacular Bridger and Gallatin Mountain views. Secluded, yet minutes to Downtown Bozeman, Montana.
Elegantly appointed.
This luxury 6500 sf Bozeman home offers a grand living room with floor to ceiling cobblestone fireplace, formal dining room, kitchen with granite counters, Stainless Steel appliances, kitchen nook, bar seating and walk-in pantry.
Retire to the luxury master suite with patio and hot tub, or watch a movie in the Media Room, work out in the gym, or play games with the kids.
This Bozeman real estate is set up for horses!
Southwest Montana Multiple Listing Service (MLS) #164810 - $1,399,999
...says the Montana mountain town Bozeman is a best city in the US for the adventurer to start a family: National Geographic rates Bozeman, Montana in the top three of its United States Adventurer Cities.
In the October 2009 National Geographic issue, which came out the week of September 13, 2009, the magazine mentions Bozeman's biking and hiking trail system; its proximity to Bridger Bowl and Big Sky snowboard and ski resorts; the Bridger, Gallatin, Beartooth, and Madison Ranges; and Yellowstone Park, the 2.2-million-acre National Park Ulysses S. Grant created in 1872.
Bozeman Outdoors
National Geographic's reasons for the accolade also include Bozeman's award-winning public schools and the impact Montana State University has on Bozeman's overall culture.
Add to all this the area's world-class kayaking and fly-fishing streams and rivers and you have the makings of another of the great American outdoor towns.
Bozeman, Montana's Morning Star Elementary School, the Bozeman School District's largest elementary school, is one of the 2009 National Blue Ribbon Schools. Morning Star Elementary, named for Cheyenne Indian Chief, Morning Star, who would often awaken early in the morning to view the planet Venus, was chosen as one of the top elementary schools in the United States because it helps Bozeman students close the "achievement gap," "the difference in academic performance between different ethnic groups," according to the U.S. Department of Education's definition.
Arne Duncan, U.S. Education Secretary, announced 314 schools have won the Blue Ribbon award, which includes 50 private schools and 264 public schools. Central School in Roundup, MT also was chosen. On Novemebr 3, 2009, all winners will be honored in Washington, D.C. For more try the Bozeman Daily Chronicle.
...has acquired the two-phase, 75-acre Loyal Garden Subdivision project with a Master Plan to create 148, single-family home lots, a mixed-use residential-office building and higher-density, residential homes development beside Bozeman's Huffine Lane, and open space and two parks that showcase this Bozeman real estate's beautiful land, including its wetlands and watersheds.
Loyal Gardens Bozeman was born from a desire to recreate, through excellent design, craftsmanship, and landscaping, a traditional, pedestrian environment that melds this generation's architecture with the land, beckoning today's family.
Beautiful, Affordable Bozeman Homes and Reduced Bozeman Building Lots Available at Loyal Garden
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
But the rebirth of this new branch of Amtrak's Hiawatha train service, servicing Montana from Paradise and Missoula, through Billings and 
Commencing the winter of 2009-2010, 
Elegantly appointed.
Bozeman's Huffine Lane, and open space and two parks that showcase this Bozeman real estate's beautiful land, including its wetlands and watersheds.
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