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)
“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)
I ran into an interesting article about rent versus buy the article contained a calculator comparing renting versus buying that showed, what I thought, a realistic cost comparisons. The calculator let you change the the price and rents so I ran the information for Yellowstone County.
The housing costs I used were from the MLS going back to March 1st 2013, the information from the MLS showed that average and median home sold in Yellowstone county contained four bedrooms and two baths.
The average sales price since March 1st 2013 of $239,332 and the median (half selling for more, half selling for less) was $218,000.