Real estate blog entries tagged with real estate market by Jenifer Lower, Your Dream. Our Passion. (Bozeman Montana Real Estate .net)

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real estate market: US Housing Market Continues the Move into ‘Buy Territory’! - 04/19/17 12:01 PM

According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the US housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.The BH&J Index is a quarterly report that attempts to answer the question:
In today’s housing market, is it better to rent or buy a home?The index examines the entire US housing market and then isolates 23 major cities for comparison. The researchers “measure the relationship between purchasing property and building wealth through a buildup in equity versus renting a comparable property and investing in a portfolio of … (0 comments)

real estate market: February 2017 Bozeman Area Real Estate Market Update - 02/08/17 11:33 AM

The 4th quarter of 2016 incidates what you already know if you've been home shopping in Gallatin County. The number of homes for sale was drastically down, while sales and prices were, generally, up.

Bozeman area real estate market reflects the very definition of supply and demand. New construction is booming and existing home sales, particularly in the $350,000 and under niche, are selling very quickly. (To views homes currently on the market in this category, click HERE.) If you have been considering selling, there's no need to wait. While mortgage rates climbed ever-so-slightly, they are still at an historical low, prompting anyone and everyone to either refinance or to purchase … (0 comments)

real estate market: Shifting Narrative: Millennial's Active Role in Real Estate - 11/18/14 11:15 PM

Millennials are the largest generation to come of age (the average age of 23) in the US. This past summer, Millennials were responsible for 30% of the home buying and 14% of the home selling that took place.

What are the primary causative factors contributing to the surge in millennial engagement with the market?

86% of millennials indicated they were looking to buy due to family composition change, marriage, birth of a child or planning for the birth of a child. This increased pattern of engagement is expected to continue as future job creation favors the … (1 comments)

real estate market: FIRST SNOW of the Season, What That Means For Bozeman Real Estate - 11/09/14 11:36 PM

All the winter preparation leads up to this moment—Bozeman’s first snow!

What does this mean to the Gallatin Valley’s real estate market?

Past trends indicate that cold weather has a way to hamper economic growth. Historical patterns do show a correlation to the amount of precipitation and the housing performance in construction starts, construction permits, existing home sales, new home sales, and pending home sales. (LEARN MORE) In Bozeman, residential home sales week by week show a progressive pattern of decreasing sales with consistent spikes in closings the last week of each month.

But there is hope. … (1 comments)

real estate market: A Critical Look at the Bozeman’s Real Estate Market - 10/28/14 04:25 AM

The real estate market is highly influenced by: economic conditions, mortgage conditions, job market conditions, and inventory selection.

Economic Conditions: Great news! The economic vibrancy of the U.S. has been continually growing over the last few months. As the U.S. thrives, there is global unsteadiness. If the global market continues to remain in a weak and vulnerable state, the U.S. economy will similarly weaken with its exports creating negative ripples in the market. (SOURCE)

Mortgage Conditions: With the healing market comes a return of mortgage rates to their averages. This means an end to the historically low … (2 comments)

real estate market: Inventories are Low and Buyers are Looking for a Home Like Yours - 06/02/14 06:46 AM

Why Are Inventories Low

Properties are just now reaching the point at which their values are high enough to sell without the home owner owing money after the sale. That trend is blended with the consistent rise in home values and homeowners are watching and waiting for prices to keep going up… up.… and away!

Why Should I Sell Now

Supply/Demand. Buyers are looking at a very limited supply. (Source) This is market specific. To learn more about where listings are flying off the shelf in Bozeman, MT, please call me! 406-209-0022.
Interest Rates. They … (0 comments)

real estate market: Lending Rules are Easing: Real Estate Market Update - 08/30/13 12:12 AM

This week, six federal agencies announced the revision to the rule proposed in 2011 to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act. This new proposal would define QRMs “to have the same meaning as the term qualified mortgages [QM] as defined by the Consumer Financial Protection Bureau.”
“A previous proposal to exempt loans with loan-to-value ratios of less than 80 percent from the 5 percent risk retention requirement rattled real estate trade groups and housing advocates alike, who complained that borrowers making down payments of less than 20 percent would have to pay higher rates.” (SOURCE)
Let … (1 comments)

real estate market: The Prevailing Attitude Real Estate Agents Must Combat - 08/14/13 04:17 AM

Real Estate Agents are Idiots
The wide spread public opinion regarding real estate agents is far from favorable. Today I stumbled across an article that attempts to rationally explain why “your local estate agent is most likely an idiot.”( http://www.news24.com/MyNews24/Estate-agents-are-idiots-20130812)
Qualifications: There’s no real science or mystical theory to why the majority of Estate Agents are spineless, mentally challenged turds. In fact, it’s quite simple- you don’t need a license or go through a training programme to become an Estate Agent, so any old fool off the street without qualifications or experience can set up shop as an Estate Agent (which … (0 comments)

real estate market: The Lost Ones: How Missing Households are Expected to Boost the Market - 08/02/13 05:14 AM

Similar to Montana versus the rest of the United States, the households ranging in between ages 18-34 have a delayed response to the market as the more periphery age groups feel the certain trends. Prior to the housing bust, 1.1 million households were formed annually. During the economic dip, only about 450,000 households formed each year. This ‘backlog’ of home formations over the three year bust totaled to 2.4 million households that are not currently showing up in the stats but, in theory, they are lingering out there awaiting the proper moment to re-enter the market.
These households are the … (0 comments)

real estate market: The Rates are Rising: Real Estate News and the Public’s Reaction - 07/11/13 02:23 AM

Mortgage rates are rising rapidly. “…the Mortgage Bankers Association showed that interest rates for a 30-year fixed mortgage rose to 4.68% last week—the highest rate in two years and up from 4.58% a week earlier.” (SOURCE)

Market Reaction: The momentum of the real estate recovery has taken hit by the sharp increase of mortgage rates in the last few weeks. Cheap loans, especially those for 30-year fixed mortgages, have been able to keep the real estate market profitable for those buying and refinancing. “After the surge in mortgage rates over the last week, I expect things to calm down a … (0 comments)

real estate market: Real Estate Agent Ratings—A Bought-Out Market or a Positive Tool? - 05/14/13 01:09 AM

Real Estate Agent Ratings—A Bought-Out Market or a Positive Tool?
Being a member of Generation Y, I have grown up in a world that has been lead, motivated and held to a higher accountability due to online reviews. In an era that has seen this trend rise and rise and rise, I stumbled upon an article today that made the argument that this online system of judgment has not only plateaued but reached a point where it is counterproductive. “The Agent Ratings Ship Has Sailed” puts forth the following stances:
Online reviews have lost credibility. Clients are better finding potential agents … (13 comments)

real estate market: Home Love At First Sight - 04/02/13 04:35 AM

First, I have to just take a moment to explain the normal pattern of my blog writing. I come in (normally fresh) in the mornings, and while I make my coffee and set out the to-do list for the day, I scan the real estate news sources, the international market reports, and then the local interests. From these sources I glean what I find to be most valuable and try to synthesize and digest material and then put it out into the online world. Today’s inspiration broke that pattern. While at a listing taking photos (listing featured within this blog!), a … (1 comments)

real estate market: Active Gallatin Valley Foreclosures Friday: 29 March 2013 - 03/29/13 02:21 AM

The following links are for the current FORECLOSED HOMESin the Gallatin Valley. They are usually priced well and most do not stay on the market for long. Take a look, find your favorite, then call to schedule your appointment to see them!
Bozeman Montana Foreclosures
Belgrade Montana Foreclosures
Manhattan Montana Foreclosures
Three Forks Montana Foreclosures
Big Sky Montana Foreclosures
Dillon/Madison County Foreclosures

These links are the SHORT SALE HOMES that are available presently. If you do not know the details for purchasing a short sale home, please email, call or text and we can explain those for you! We … (1 comments)

real estate market: Moving Past The ‘You Look So Young’ Age Stigma - 03/05/13 01:20 AM

Generation Y has taught the world a few lessons that are usable in real estate across the spectrum of clients. Having an office full of agents and staff under the age of 45, we are a fast, adaptive office which, even in our technologically drive market, have certainly used the youth of the office to cater to first time home buyers through to retirement home buyers. The methods that appeal to both generations are the same:
Response Time: The texting/email crazed society we now live it reaches up all the way to those who do not practice the technology in … (1 comments)

real estate market: Seller’s Market on the Rebound throughout the Country - 02/24/13 11:22 PM

A seller’s market is developing and home prices are continually raising in every region expect for the West. Here we are seeing a limited inventory. Nationwide, inventory fell 4.9% to 1.74 million homes available for sale (representing a 4.2 month supply at the current sales price). Distressed home sales accounted for only 23% of the home sales in January 2013—down from the 35% the prior year.

“We expect a seasonal rise of inventory this spring, but it may be insufficient to avoid more frequent incidences of multiple bidding and faster-than-normal price growth,” Lawrence Yun, NAR chief economist, explained.
In … (2 comments)

real estate market: Clean Slate: New Year: Real Estate Goals 2013 - 12/18/12 01:46 AM

Business success is an odd thing to gauge because there are so many components to it. Reflecting on this year I can affirmatively say that 2012 has been a blessing, a success, and carries the momentum I hope to move forward with in 2013.
As a business, setting personal and team goals allows everyone in the office to move in a united direction. Here are the questions I am pondering as I develop my 2013 business goals. What questions are you asking yourself? If you have some answers to these, feel free to share your thoughts/ideas below!
FOR AGENTS
… (1 comments)

real estate market: Is There Room for Further Expansion in the Real Estate Sector? - 10/22/12 03:04 AM

Positive news is flooding the news surrounding the real estate market. But is this a trend that can 1) continue and 2) is it all good news? These are key questions that are being asked by economists, homeowners, investors, banks, and construction firms. Single-family starts are up 71%. Sales of exists home are up 42%. The number of foreclosures are down 43%. Those are the good positive numbers making headlines. But each of those stat’s counter numbers are equally relevant and not at all talked about. Single-family starts are down 67% from their peak. Total home sales are down 34%. Prices … (2 comments)

real estate market: Devil in the Details: True Representation of the Housing Market - 09/27/12 03:39 AM

Housing reports have been flowing in with the great news on how the real estate market is improving. Most recently, NAR’s July report boasted homes sales rising 9.5%, the strongest increase since January 2006.
This good news is reaching too high many analysts are now saying. Reports like NAR’s above paint an unrealistically optimistic picture when the market is more conservatively improving. NAR adjusts for the sizes of home sold, but the price index does not. Because of this, when high end homes sell, the market reports swell disproportionality to the actual market. This in not to say the real … (1 comments)

real estate market: Bozeman Montana Real Estate.net: September E-News Letter - 09/09/12 11:52 PM

real estate market: Protocol For Challenging Re-Assessed Property Values - 08/21/12 12:14 AM

Every five or eight years depending on where a person lives, property values are re-assessed. With news of recovery rolling in weekly, county auditors are reporting that home values are slated for an increase. With this value increase is a property tax increase as well. What options does a homeowner have to react to their new home assessment? Here are a few:

Do some research of your own. Find comparable houses in your area (free and public information) and get a feel for the going rate of your home and similar homes. If you are comfortable enough, talk about … (3 comments)

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