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)
billings mt home sales: 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)
“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)
billings mt home sales: New Construction Nationally
- 12/04/13 06:23 AM
When our friends in Washington D.C. shutdown, it meant that some data was not collected. Primarily it effected starts not permit and sales, well that is not quite true, the data below is for October. Sales were not released until December which is a month later than it would normally be and both September and October were released at the same time. The question that comes to my mind is if you were use to making $100,000 per year for the last 50 years and had weathered the recession and now were making $68,000 a year would say you had … (1 comments)
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