realtor billings 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)

realtor billings montana: market update at glance june 2015 - 07/09/15 02:03 AM
 
direct link to total blog
http://www.realestatemontana.com/Blog
 
June 30th 2015
 “Perception Working Reality”
When I moved to Montana 43 years ago, one of the things I found fascinating  was perception of temperature, you go through a week of -10 to -20 below zero, then it “warms” to 20 above and the perception changes, that it is warm, you see people not wearing coats  and behavior changes. This month’s update starts with discussion of a perception. 
This year market the velocity has been quick. One of my thumb nails of the market strength, is the percentage of pending sales to active listings, that ratio hit 84% in … (0 comments)

realtor billings montana: Market update through May 31st 2015 yellowstone county - 06/10/15 12:26 AM
http://www.realestatemontana.com/Blog/Market-Update-at-glance-May-2015
 
“Inventory Shortage and other Myths”
 
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)

realtor billings montana: Market update at glance January 2015 - 02/15/15 03:49 AM
http://www.realestatemontana.com/Blog/Market-Update-at-glance-January-2015
above a link to the complete article

January 31st 2015

 “Anomalies, within the market place”

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)

realtor billings 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)

realtor billings 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)

realtor billings montana: Market Update at a Glance November 2013 - 12/07/13 03:13 AM
“Looking Back”
 
I am going to do two things month, which will make this a long report overall. First I will look at the changes form November 2012 to November 2013, then second I will go back and look at 2006 (the peak year in residential sales) and compare to 2013 to see how we have done.  In single family permits we see the fourth  year over year monthly decrease (permits down 13% from November 2012,  total single family permits still have a gain of 17% for the year, as a comparison in march 2013 permits were up 66% year … (2 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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