howard sumner new home construction: Market update at glance May 2016 - 06/18/16 03:26 AM
Market update full report
 
 
Market update at glance
May 31th 2016
“HOW’S THE TRAFFIC” (Again)
Thought I would use an analogy to try and capture the market this month.
Imagine we are going on trip so volume of traffic and  speed limit becomes important to us.
So to indicate the speed limit on or imaginary road I would us the percentage of pending to actives. As of the end of May the “speed limit”  was  71% meaning that if there were a 1,000 active properties we expect 710 pending sales (in 2015 the “speed limit” was 75% ). The next issue on road trip is how much … (1 comments)

howard sumner new home construction: Happy New Year in 2016 - 12/31/15 02:24 AM
Want to wish all of you a Happy and prosperous new year in 2016!!
 
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 !! 
 
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howard sumner new home construction: MARKET UPDATE AT GLANCE OCTOBER 2015 YELLOWSTONE COUNTY MONTANA - 11/11/15 05:07 AM
TO READ AT MY WEB SITE
http://www.realestatemontana.com/blog/Market-update-at-glance-OCTOBER-2015
 
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 new home construction: 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 new home construction: 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 new home construction: 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)

howard sumner new home construction: Looking at the effects of the Frank-Dodd Bill on home sales - 09/21/14 03:40 AM
Looking at the effects of the Frank-Dodd Bill creating the Consumer Finance Protection Bureau
If you use Yellowstone county as an example of the effects of the reforms from “housing collapse” and the wild financing used in the white hot markets from around the country, Las Vegas, Phoenix, California, Miami and such. You can clearly see the unintended consequences of the reforms put in place and why the analogy of the pendulum swinging to far applies.
The Market peak in activity in closed residential sales as measured in the Multiple Listing Service in Yellowstone County was the year 2006. Using … (0 comments)

 
Howard Sumner, Your Real Estate Source, Your Results Solution!! (Howard Sumner Consulting)

Howard Sumner

Your Real Estate Source, Your Results Solution!!

Billings, MT

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Howard Sumner Consulting

Address: 404 north 31st street, suite 130, billings, mt, 59101

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