real esate: Market update at glance January 2016
- 02/19/16 01:35 AM
LInk to full article market update january 2016 Market update at glance JANUARY 31ST 201 “READY SET GO!!, LOOKING AT 2016 ” January’s market update starts with “THANK ALL OF YOU FOR YOUR SUPPORT AND BUSINESS”. The end of JANUARY 2016 numbers, closed sales up +17%, pending sales up +1 %, inventory up +12%, and interest rates up +5% from the year earlier. The interest rate trend of year over year declines did end in December and did not continued this month (JANUARY). My prediction, all things being equally, rates should be marginally higher in 2016 than 2015. Yet the wild card is the international markets … (1 comments)
real esate: 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)
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)
Mays market update starts with discussion of a comment both locally and nationally that there is a “shortage “of inventory. Actually though when you look at activity in the market place it says something quite different. First let’s define inventory, my belief is you can look at one of two ways, one would be the “active homes for sale only” or when trying to understand the market in total, inventory includes “active pending and closed” (this represents total inventory activity). When looking at the only “active” you would say yes, inventory is down, May 2014 622 active … (0 comments)
real esate: does lending affect home sales?
- 12/02/11 02:23 AM
THOUGHT IT MIGHT BE NOTE WORTHY TO LOOK AT HOME SALES, EMPLOYMENT, INTEREST RATE AND POPULATION GROWTH TO SEE IF LENDING REQUIREMENTS ARE HAVING MORE OF AN EFFECT ON THE MARKET THAN THE OTHER THREE VARIABLES THAT AFFECT HOME SALES. THE TREND BEGINS IN 2007.
TO START OFF WITH A LOOK AT PRICING OVER THE LAST FIVE YEARS. SLIGHT PRICING DIFFERENTIAL BETWEEN WHAT MOST WOULD CALL THE CITY OF BILLINGS COMPARED TO THE COUNTY. IN THE COUNTY ARE HOMES THAT HAVE MORE LAND ASSOCIATED WITH THEM SO OVERALL PRICING IS A LITTLE HIGHER.
THEN USING THE ABOVE INFORMATION THE … (0 comments)
Open House Sunday April 17th 1 to 3 pm
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