real estate 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 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 montana: 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)
real estate montana: Renting versus Buying, Myths and Anomalies
- 09/06/14 12:11 AM
In the world today with the perspective of the past five years and the “housing collapse” many have written that owning a home is less desirable the Renting. As in all things about housing, “national” trends may not be as applicable to any individual Market. We that live in Yellowstone are fortunate to have a stable and growing economy where most every segment has experienced some growth over since 2009. A few “facts” about Yellowstone County in July of 2014 the employment report indicates 82,419 persons employed in 2009 shows 77,985, an increase of 4,434. In July of 2019 the Freddie … (0 comments)
“DOG DAYS OF SUMMER”
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