billings montana real estate market stats: Market update at glance January 2016
- 02/19/16 01:35 AM
LInk to full article market update january 2016
Market update at glance
JANUARY 31ST 201
“READY SET GO!!, LOOKING AT 2016 ”
January’s market update starts with “THANK ALL OF YOU FOR YOUR SUPPORT AND BUSINESS”.
The end of JANUARY 2016 numbers, closed sales up +17%, pending sales up +1 %, inventory up +12%, and interest rates up +5% from the year earlier. The interest rate trend of year over year declines did end in December and did not continued this month (JANUARY). My prediction, all things being equally, rates should be marginally higher in 2016 than 2015. Yet the wild card is the international markets … (1 comments)
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billings montana real estate market stats: Market update at a glance year end December 2015
- 01/15/16 01:19 AM
Link to complete article
Market-update-at-glance-December-2015
DECEMBER 31ST 2015
“LOOKING BACK, end of the year 2015 report”
December’s market update starts with “THANK ALL OF YOU FOR YOUR SUPPORT AND BUSINESS”.
The end of DECEMBER 2015 numbers, closed sales up +5%, pending sales up +21 %, inventory up +1%, and interest rates up +3% from the year earlier. The interest rate trend of year over year declines will end this month (December) would be my prediction, which is what happened. All things being equally, rates should be marginally higher in 2016 than 2015.
As of the end of the week of January 8th the rig count in North … (1 comments)
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billings montana real estate market stats: 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)
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billings montana real estate market stats: 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
Add Comment … (0 comments)
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billings montana real estate market stats: 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)
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billings montana real estate market stats: market update at glance march 2015
- 04/11/15 01:11 AM
March 31th 2015
“Oh what difference weather and interest rate makes, within the market place”
I think I will start March’s market update with an analogy to the college basketball events that occur every year and that is “March Madness” only we do not end up with a final four. I do think “March Madness” best describes the activity since weather warmed and interest rates dropped in 2015 Market. At the end of March 2015, closed sales up +5%, pending sales up +33 %, inventory down -11%, and interest rates down-13% from the year earlier.
As of the end of the week of … (0 comments)
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billings montana real estate market stats: 359 Stewart Court South, Billings MT 59105
- 05/16/12 05:56 AM
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billings montana real estate market stats: Market update at glance 1st quarter 2012
- 04/10/12 02:31 AM
Here we are at the end of the March, ending the first quarter. Time flies when you are having fun, the first two months behaved like I expected, pretty much a slog, then March came. It behaved like someone turned on the faucet. The market has gone from where buyers definitely had the upper hand in negotiations to a balance in the market place, where neither buyer nor sellers have more power. The first thing that happens as this change takes place, buyers resist, and continue along the same path of low offers and asking for the world, only with … (0 comments)
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billings montana real estate market stats: 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)
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billings montana real estate market stats: 1138 st johns
- 07/10/10 02:32 AM
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billings montana real estate market stats: makert stats through June 2010
- 07/07/10 01:50 AM
here are the market numbers for the first half of 2010. plenty of positives in terms of number of sales and on the pricing front. yet Iwould temper my optimism due to the large influence of the tax credits on the market. the one stand out showing the influence is the pending sale number and it shows a year over year decline of 24% a red flag if i ever saw one to future activity.
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billings montana real estate market stats: price range performance comapring years
- 07/05/10 05:22 AM
THOUGHT IT MIGHT BE USEFUL TO LOOK AT THE PERFORMANCE OF DIFFERENT PRICE RANGES BY YEAR. ON THE MODERATE PRICE POINT I THINK THE MOVEMENT FROM 18% TO 20% IN THE 200K TO 250K IS THE MOST SIGNIFICANT. MY BELIEF IS THAT AS FIRST TIME HOME BUYERS BOUGHT THE LOWER PRICE REGISTERS IT ALLOWED PEOPLE TO MOVE UP ADDITIONALLY THERE WERE A FAIR NUMBER OF FIRST TIME BUYERS IN TH LOWER REGISTER OF THAT RANGE.
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billings montana real estate market stats: market compasions by year and price
- 06/26/10 03:02 AM
After thinking about the market price range comparison year over year I just did. I got to thinking about my standard of a five year comparisons. One of the reasons a five year comparisons has meaning is it captures how the market is trending. And people's behavior, where the market actually derives from, tends to continue in similar behaviors. Also in business planning it not bad to look at the global trend to ascertain where your business falls within the overall trend of the market place. Again as I prepared the information it did have some surprises the fact that 2007 … (0 comments)
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billings montana real estate market stats: fannie mae changes forclosure rules
- 06/24/10 02:44 AM
fannie mae in trying to disuade people from walking away from theri homes is changing the rules fro obtaining a new home loan. the problem is thta the "effect" is in the future and the pain the owner feels is in the current tiem frame. the ruesl change will have little effect on people behaivior , yet will keep the housing market subdued in the future.
Fannie Mae is changing the required waiting period for a borrower to be eligible for a mortgage loan after a preforeclosure event. The waiting period commences on the completion date of the preforeclosure event, … (0 comments)
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billings montana real estate market stats: additional comments on the mid june market
- 06/22/10 01:42 AM
Hopefully while the tax credit sun was shining your made hay, because the analogy of this Last Sundays weather in Billings and the markets direction is appropriate. Starting out pleasant and ending up horrid.
First the good closed sales up 9% from 2009 also market absorption time decreased from the end of Mays 234 days to 205 days a positive yet still above the 180 days that the national association says what is considered a "buyers" market additional from the mix of sales you see a positive price trend. The bad is inventory levels are rising (I believe initially from sellers … (0 comments)
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billings montana real estate market stats: mid june market update
- 06/21/10 01:54 AM
three things of note in the market place pending sales down inventory is trending up(not a good thing for time of year) also due to a change in inventory mix average sale price is up , which if it holds with the first two factors mentioned would be a good thing
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billings montana real estate market stats: houshold assets
- 06/18/10 01:47 AM
i thought i might be useful to look at the distribution of household assets from the federal reserve and see how much is in the real estate sector of most households. as you can see by the chart below even after the last couple of years and the absolute beating that real estate took it still comprised 26.5% of household assets
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billings montana real estate market stats: building permits and starts
- 06/17/10 06:44 AM
Below are four graphs with the most current permit and start information. Two graphs are for single family activity only; two graphs are for all permits and starts which include multi family. As I review the information I believe the conclusion you can draw from the numbers is the new construction housing business is in a depression from which they have not even begun to achieve escape velocity. The new construction will not recover until the foreclosures are brought to market and sold and the additional factor of jobs being need to drop unemployment. Not temporary census jobs which have cooked … (0 comments)
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billings montana real estate market stats: home borrowing - new application
- 06/17/10 04:14 AM
i believe the graphic below shows the tax credits impact to the fullest. when you see that steep of a decline since the tax credits ended, it means only one thing. that the market was supported by the tax credit. the loan application go back to a 1997 level, which when you think about does not say nice things about the rest of the year.
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billings montana real estate market stats: Building permits and sarts nationally for may 2010
- 06/16/10 02:55 AM
here is the infromation from the government on the building numbers fro May. you can see the expiration of the tax credit written all over it. if we were returning to "normal" times housing permits always rise this time of year.
BUILDING PERMITS
Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 574,000. This is 5.9 percent (±2.2%) below the revised April rate of 610,000, but is 4.4 percent (±2.6%) above the May 2009 estimate of 550,000.
Single-family authorizations in May were at a rate of 438,000; this is 9.9 percent (±2.1%) … (1 comments)
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