real estate agent montana: Open House Sunday April 17th 1 to 3 pm 1316 O'Malley - 04/16/16 04:40 AM
Open House Sunday April 17th 1 to 3 pm
 
 
1316-OMALLEY-DRIVE-Billings-Montana
(3 comments)

real estate agent montana: 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)

real estate agent montana: 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)

real estate agent montana: Market Update At a Glance December end of year 2014 - 01/17/15 06:26 AM
Market update
 
 
 “Looking back, Looking forward”
 
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 the 1st half  2014, closed sales down -6%, pending sales down -12%, inventory up 6%, and interest rates up 2% from the year earlier. At that point I would have let you bet a dollar and I would have matched with $50 about 2014 catching or surpassing 2013, you would have taken my $50. As I have said, probably should not bet against the … (0 comments)

real estate agent montana: 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)

real estate agent montana: 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)

 
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

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