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)
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)
new home sales: Market update at a glance October 31st 2014
- 11/12/14 04:12 AM
Market update at glance October 31st 2014 “Don’t bet against the Fed’s Printing Money” A comment about the title, since 2008 the Federal Reserve has accumulated approximately 1.7 trillion dollars in Mortgage back securities. This October they indicated any principal received would be reinvested into the mortgage market, so the Fed’s oversized influence on the mortgage market will stay until they decide to reduce the size of the holdings, which is approximately 17% of all mortgage back securities, the main source of mortgage money. First let’s look at closed transactions, October 2014 continued with fewer homes closed. Number of closed sales … (1 comments)
new home sales: 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)
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