realtor montana: Through the looking glass - Alice in the wonderland of Housing
- 08/23/15 11:55 PM
Through the looking glass - Alice in the wonderland of Housing What follow is an analysis of Yellowstone County and the housing market to see if we can discern where it might head over the next couple of years by understanding income and household growth to see if we are in “balance” or has there been more housing produced than what is needed by growth or has pricing outpaced income. Two things that are important to know 2006 was the year in which the greatest number of residential properties were sold in the mls and 2013 was the (I think) the bottom of … (3 comments)
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 montana: Looking at the effects of the Frank-Dodd Bill on home sales
- 09/21/14 03:40 AM
Looking at the effects of the Frank-Dodd Bill creating the Consumer Finance Protection Bureau If you use Yellowstone county as an example of the effects of the reforms from “housing collapse” and the wild financing used in the white hot markets from around the country, Las Vegas, Phoenix, California, Miami and such. You can clearly see the unintended consequences of the reforms put in place and why the analogy of the pendulum swinging to far applies. The Market peak in activity in closed residential sales as measured in the Multiple Listing Service in Yellowstone County was the year 2006. Using … (0 comments)
Through the looking glass - Alice in the wonderland of Housing
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