howard sumner: 516 lewis Billings mt
- 04/29/16 02:57 AM
super clean , great central location, redone hard wood floors, new appliances in the kitchen, bath redone no work required to move into this one
MARCH 31st 2016 “FIGURES NEVER LIE, YET LIARS FIGURE. WHERE’S THE MARKET 2016” March’s market update starts with “SO WHAT’S THE REAL DIRECTION OF THE MARKET”. One thing I have learned about watching the market and helping clients and customers make good decisions about real estate buying and selling: first and foremost put together the most accurate and representative information I can find. Having do this for 30 plus years I know if I want no matter how the market is performing I can slant the information either in a positive or negative light. As an example one measurement of the … (0 comments)
FEBRUARY 29Th 2016 “READY SET, WHOA OR GO!!, LOOKING AT 2016” February’s market update starts with “Let’s think different and ask different questions”. I believe it has been awhile since I addressed the issue of what I try to achieve with the information I collect and distribute. The first issue is to understand that essentially all the “numbers” I put together, in reality, are indexes of activity in the market place. Why may you ask is that important, while it is true I strive to create an accurate representation, in the end though, it is still a partial representation of the … (2 comments)
howard sumner: 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)
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)
Without You, My clients, Customers and Friends I would have no success.
So I thank you all for a great 2015 and look forward to serving you in 2016
Enjoy ringing the new year !!
… (0 comments)
howard sumner: market update November 2015
- 12/15/15 03:41 AM
NOVEMBER 30th 2015 “HAVE A GREAT HOLIDAY AND MERRY CHRISTMAS” November’s market update starts with “THANK ALL OF YOU FOR YOUR SUPPORT AND BUSINESS”. The end of NOVEMBER 2015 numbers, closed sales up +5%, pending sales up +27 %, inventory down -1%, and interest rates down -3% from the year earlier. The interest rate trend of year over year declines will end this next month (November) would be my prediction (I WAS WRONG IN OCTOBER). As of the end of the week of December 11th the rig count in North Dakota is down -121 rigs since last year, 58 working in 2015 and 179 working … (1 comments)
Market update at glance October 30th 2015 “10 months down, 2 months to go” October’s market update starts with “oh my god where has the year gone”. The end of October 2015 numbers, closed sales up +6%, pending sales up +14 %, inventory down -6%, and interest rates down -6% from the year earlier. The interest rate trend of year over year declines will end this next month (November) would be my prediction. As of the end of the week of November 6th the rig count in North Dakota is down -118 rigs since last year, 63 working in 2015 … (1 comments)
howard sumner: 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)
howard sumner: Through the looking glass - Alice in the wonderland of Housing
- 08/23/15 11:55 PM
Through the looking glass - Alice in the wonderland of Housing What follow is an analysis of Yellowstone County and the housing market to see if we can discern where it might head over the next couple of years by understanding income and household growth to see if we are in “balance” or has there been more housing produced than what is needed by growth or has pricing outpaced income. Two things that are important to know 2006 was the year in which the greatest number of residential properties were sold in the mls and 2013 was the (I think) the bottom of … (3 comments)
howard sumner: Market update for July 2015
- 08/20/15 10:51 PM
“DOG DAYS OF SUMMER” In recognition of the time of year this written report is much shorter At the end of July 2015, closed sales are up +8%, pending sales up +13 %, inventory down -11%, and interest rates down -2% from the year earlier. As of the end of the week of August 7th the rig count in North Dakota is down -111 rigs since last year, 71 working in 2015 and 182 working in 2014. Let’s look at closed transactions, Number of closed sales in Yellowstone County, 1310 through July 2015 as compared to 1212 in July 2014 showing an increase … (2 comments)
Time to look back and see where the market has traveled. I use 2006 as a base year for comparison to 2015 since 2006 is the peak year in terms of number of sales in Yellowstone County. The residential market has yet to surpass the number units sold 2006 even though Yellowstone County has more jobs, income and lower interest rates. So let’s take a look back
First here is a quick glance at comparisons
When we take a quick look at the drivers of housing, population, employment and income, they all look healthy and in the positive, with the average wage … (3 comments)
June 30th 2015 “Perception Working Reality” When I moved to Montana 43 years ago, one of the things I found fascinating was perception of temperature, you go through a week of -10 to -20 below zero, then it “warms” to 20 above and the perception changes, that it is warm, you see people not wearing coats and behavior changes. This month’s update starts with discussion of a perception. This year market the velocity has been quick. One of my thumb nails of the market strength, is the percentage of pending sales to active listings, that ratio hit 84% in … (0 comments)
Mays market update starts with discussion of a comment both locally and nationally that there is a “shortage “of inventory. Actually though when you look at activity in the market place it says something quite different. First let’s define inventory, my belief is you can look at one of two ways, one would be the “active homes for sale only” or when trying to understand the market in total, inventory includes “active pending and closed” (this represents total inventory activity). When looking at the only “active” you would say yes, inventory is down, May 2014 622 active … (0 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)
“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.
“Oh what difference weather and interest rate makes, within the market place”
I think I will start Februarys market update with the quote from an ad on television I remember as I was growing up from alka sizzler,” plop, plop, fizz, fizz Oh what a relief it is”. I think that best describes the activity since weather warmed and interest rates dropped in 2015 Market. At the end of February 2015, closed sales down -7%, pending sales up 23 %, inventory down -7%, and interest rates down-15% from the year … (1 comments)
I think I will start Januarys market update with the same quote as Decembers, In the immortal words attributed to Yogi Berra "It's Hard to Make Predictions, Especially about the Future". I think that best describes 2015 Market. At the end of January 2015, closed sales down -9%, pending sales down -1%, inventory down -3%, and interest rates down-17% from the year earlier. As of the end of the week of February 3rd the rig count in North Dakota is down 36 … (1 comments)
super clean , great central location, redone hard wood floors, new appliances in the kitchen, bath redone
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