home sales: 2010 "what a long strange trip"
- 01/03/11 01:20 AM
"What a long strange trip it has been." Grateful Dead the song "trucking" Real estate has been anything but boring. Changes in the market place continue to provide plenty of challenges. Although there are positive signs that real estate's fall from grace and the market, is close to approaching the bottom of the trip , my belief is 2011 will still provide all the challenges a person wants in accomplishing sales. While the number of person going into default will be on the decline, the number of properties actually foreclosed will increase. The natural repercussion of more foreclosed properties will be, … (0 comments)
home sales: Real Estate Quote
- 12/31/10 01:55 AM
The following is the most appropriate quote in relation to ownership of real estate I have seen. The wealth creation of owning real estate does not occur in a 12 month period If you are planning for one year, grow rice. If you're planning for 20 years, grow trees. If you're planning for centuries, grow men." - Chinese proverb
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home sales: housing and numbers
- 12/23/10 02:53 AM
Census bureau information is starting to be released and with some simple math you can get a feel for the length of time it is going to take to resolve the housing oversupply/foreclosure problem. From census in 2000 to the 2010 census 1st the population in the united states increased by approximately by 27 million people 2nd that increase means that households increase by approximately 9.3 million 3rd number of housing units increased by approximately 14.5 million Soooooooo simple math says as now 2010 we have an oversupply of about 5 million housing units (new housing units 14.5 minus new households … (0 comments)
home sales: Building permits and starts nationally
- 12/16/10 09:17 AM
Thought it might be useful to compare total permits and single family on graphs together . The important take away is, total permits and starts include multifamily, single family is single family, at the peak you can see the larger separation of the two measurements and how the spread has narrowed. In the immediate run as we increase employment and household formation combined with the low levels building in relations indicate pressure on both rents and sale price in the midterm (out 12 to 48 months) some demand will be filled by the foreclosures for both rental and ownership sales, yet … (0 comments)
home sales: makert stats through November 2010
- 12/04/10 04:49 AM
When you look at single family permits you can see the effect of the new building code that went into place November 1st. last month they we up and you can see the decline this month. We should end the year with a tie for 2009 in building permits. So 2011 should most probably exceed 2009-2010. There is a cave eat installation of fire suppression sprinklers may go into effect January 1st 2011 and if that happens the cost of new homes with jump without any added space or new amenities , which most probably will depress demand until existing prices … (0 comments)
home sales: makert stats through November 2010
- 12/04/10 04:49 AM
When you look at single family permits you can see the effect of the new building code that went into place November 1st. last month they we up and you can see the decline this month. We should end the year with a tie for 2009 in building permits. So 2011 should most probably exceed 2009-2010. There is a cave eat installation of fire suppression sprinklers may go into effect January 1st 2011 and if that happens the cost of new homes with jump without any added space or new amenities , which most probably will depress demand until existing prices … (0 comments)
home sales: makert stats through November 2010
- 12/04/10 04:47 AM
When you look at single family permits you can see the effect of the new building code that went into place November 1st. last month they we up and you can see the decline this month. We should end the year with a tie for 2009 in building permits. So 2011 should most probably exceed 2009-2010. There is a cave eat installation of fire suppression sprinklers may go into effect January 1st 2011 and if that happens the cost of new homes with jump without any added space or new amenities , which most probably will depress demand until existing prices … (0 comments)
home sales: new single family homes sales
- 11/29/10 01:57 AM
as the saying goes it is always darkest before dawn. new single family home sales have to be approaching bottom. the real issue is still unemployment, yet when you reach these level of non construction it starts to put in place the making of less inventory available which then can lead to the beginning of market recovery. we are probably a couple years away but at least the bottom is within sight if not here.
home sales: Happy Thanks Giving
- 11/23/10 12:57 AM
just wanted to take a minute and wish Everyone A happy Thanks Giving from Balmy Montana. If you have Never Experienced snow when the temperature has a minus sign in front of it, the Snow "squeaks"under foot. the farther below zero you go the mor4e the snow "squeaks". so have have a warm and bountiful thanks giving … (0 comments)
home sales: EMPLOYEMENT IN MONTANA
- 11/10/10 01:21 AM
HOUSING IS DEPENDENT OF PEOPLE WORKING. SO THE NUMBER OF PEPLE WORKING IS IMPORTANT TO TRACT IF YOU WANT TO TRY AND FIGURE OUT WHICH WAY SALES ARE HEADING. BELOW IS A GRAPH OF EMPLOYMENT IN MONTANA SINCE IT PEAKED. DEPENDING ON WHERE YOU LIVE IN THE STATE YOU MIGHT WANT TAKE A LOOK AT YOUR ARE TO GET GLIMPSE OF WHERE YOUR MARKET IS HEADED. MONTANA HAS LOST ABOUT 30,000 PEOPLE WORKING SO IF YOU USE THE HOME OWNESHIP RATE FOR MONTANA AT THE END OF 2009 ,WHICH WAS 70.2% THAT MEANS WE HAVE LOST ABOUT 21,000 POSSIBLE HOME ONWNERS … (1 comments)
home sales: makert stats thu october 2010
- 11/05/10 02:45 AM
This month as i looked over the direction of the market, i wondered about the sales price movements and the breakdown of market segments. At the "street" level the market does not "feel" strong and closed, pendings and inventory say that it is not. yet the average and median sales price show and increase, so i did an analysis of what has occurred in the high end this year and as you can see from the graphs below, it is both the highest percentage in unit volume and dollar volume it has ever been and when the high end makes this type of move … (0 comments)
home sales: october closed sales
- 11/03/10 01:48 AM
WITH HISTORIC LOW INTEREST RATES AND MODERATING PRICES OCTOBER COMPARISONS SHOW WEAKNESS IN THE OVERALL MARKET. THE POSITIVE IS OVERALL THE MARKET SEEMS TO KEEP FINDING REPLACEMENT BUYERS FOR THE CLOSED SALES AND INVENTORY IS MAKING IT'S "NORMAL" DECLINE" SO THE RELATIONSHIP OF INVENTORY TO PENDING SALES IS REAMING CONSTANT.
home sales: infromation about where the tax credits are claimed
- 10/21/10 02:18 AM
i ran acorss this infromation i thought it might intersting to all of us thta sell real estate. According to GAO, through July 3, 2010, approximately one million claimants claimed $7.3 billion in interest-free loans through the Housing and Economic Recovery Act of 2008, which provided homebuyer assistance in the form of a refundable credit for homes bought after Apr. 8, 2008 and before Jan. 1, 2009; Another 1.7 million claimed $12.1 billion in homebuyer credits using provisions of the American Recovery and Reinvestment Act of 2009, and 600,000 claimed $4.1 billion in credits under the provisions of the Worker, Homeownership, … (1 comments)
home sales: housing permit infromation
- 10/21/10 02:08 AM
the new constuction reamins enemic and probably will stay that waythrough 2011. hard to see real improvement until the froclosure mess has reached its zenith and the properties are thta are being forclosed on now are sold and don't rpesent a drag on pricing.
… (1 comments)
home sales: makert stats through october 15th 2010
- 10/21/10 02:00 AM
here is the a market update through october 15th 2010. closed sales are slowing realative to last year which again is the driect resault of the tax credit. a more tradition mix of slaes prices is leading to the increase in the avarge an median sales price. not some underlying strength in pricing which still reamins weak
"What a long strange trip it has been." Grateful Dead the song "trucking"
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