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)
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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montana realtor: 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)
montana realtor: 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)
montana realtor: 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
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)
“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)
montana realtor: The Eternal Questions of Real Estate
- 11/07/14 01:44 AM
The Eternal Questions of Real Estate #1 How much is my home worth? #2 Should I refinance? #3 Is now a good time buy? #4 Will it pay me to do this _ _ _ _ _ Remodel Project? My standard answers are it depends. What follows is both factual information and guidance to try and sort through the proper answers for the questions. I have prepared some graphs to show how the market and payments have changed since 2006. I choose 2006 since it was the peak in the number of homes sold in Yellowstone County. #1 How much is … (0 comments)
montana realtor: INFLATION, INTEREST RATES AND HOUSING COST
- 10/30/14 11:04 PM
Since low inflation has been in the news lately, mainly in reference to increasing social security payments for 2014. An increase caused by inflation of 1.7% is due on the January 2015 checks. Thought it might be interesting to look at the interest rates and housing costs plotted against the consumer price index to see what has happened over the past few years. I choose to start at 2006; the reason is 2006 was the peak home sales in Yellowstone County. Since that year was peak activity it indicates at what price people were willing buy and the monthly … (0 comments)
montana realtor: market update at glance march 2014
- 04/09/14 12:21 AM
“WINTER OVER, DOES SPRING ARRIVE?” With the first quarter of the year completed, still questions about how much winter effected the direction of the market. First let’s look at closed transactions, March 2014 continues with fewer homes closed, number of closed sales in Yellowstone County are 313 as compared to 427 in 2013, a 13% decline, the same percentage as in January & February, even with cold and snow, the market did not fall further behind, so the question is, does this show strength in the underlying market. Single family permits: we see total single family permits have a decrease … (3 comments)
I am going to do two things month, which will make this a long report overall. First I will look at the changes form November 2012 to November 2013, then second I will go back and look at 2006 (the peak year in residential sales) and compare to 2013 to see how we have done. In single family permits we see the fourth year over year monthly decrease (permits down 13% from November 2012, total single family permits still have a gain of 17% for the year, as a comparison in march 2013 permits were up 66% year … (2 comments)
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