montana blog: 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)

montana blog: New Home Sales Nationally - 06/06/16 01:36 AM
Was just looking at the median price of new homes in the united states, in April of 2006 the median price was $257,000 Freddie mac commitment for a 30 year loan was 6.51% making a 100% financed home with 26% for taxes and insurance cost of $2048.89 per month.
Move forward to 2016 April
the median price was $321,100 Freddie mac commitment for a 30 year loan was 3.60% making a 100% financed home with 26% for taxes and insurance cost of $1839.41 per month or an ownership cost 10.22% below 2006.
Through the end of April 2006 in the united states … (2 comments)

montana blog: 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
 
 
http://www.propertypanorama.com/instaview-elite/bmt/262098
(1 comments)

montana blog: market update at glance March 2016 - 04/16/16 05:12 AM
Market update full Article
 
 
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)

montana blog: 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)

montana blog: 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)

montana blog: 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)

montana blog: Market update at glance February 2015 - 03/15/15 12:19 AM
 
Market update at glance
 
February 28th 2015
 
 “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)

montana blog: Market update at glance January 2014 - 02/10/14 01:45 AM
January 31st 2014
“THE ANSWER OF THE YEAR?”
We start 2014 with lots of questions about the direction of the market, with conflicting signals and yellow flashing warning lights. First let’s look at closed transactions, changed dynamics in 2013 continue in 2014 with fewer homes closed, number of sales in Yellowstone County are 112 as compared to 129 in 2013 , a 13% decline,  only one month of small data, does not a trend make. Yet In single family permits we see total single family permits have a decrease of 26% for January year over year (2014 20 permits, 2013 … (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

Mobile: (406) 698-3051

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