realtor: Stability in the market place
- 12/03/10 12:54 AM
watching the realtionship of active inventory to pedning sales will show the direction of the market. you can see where the tax cfedit ended in april. yet the real posative is the stabilty of the pendings to the active invetory.since May it has stayed between 20 to 25% so showing six months of stabilty. although at a lower level it would sugeest also stbilty in pricing.
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realtor: bottoms on housing
- 11/30/10 02:16 AM
The graph below shows the drop from the top in value for housing according to case/shiller. This along with the new home sales/permit and start data really show the bottom is close if not achieved. Now the real question becomes how long does it take to bring employment to a reasonable level which then will translate into reasonable sales and moderate price increase in housing. In the near term the next 6 to 24 months will represent the "best" time to invest in real estate coming from the low rates and the constriction's on financing
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realtor: new single family homes sales
- 11/29/10 01:57 AM
as the saying goes it is always darkest before dawn. new single family home sales have to be approaching bottom. the real issue is still unemployment, yet when you reach these level of non construction it starts to put in place the making of less inventory available which then can lead to the beginning of market recovery. we are probably a couple years away but at least the bottom is within sight if not here.
realtor: Happy Thanks Giving
- 11/23/10 12:57 AM
just wanted to take a minute and wish Everyone A happy Thanks Giving from Balmy Montana. If you have Never Experienced snow when the temperature has a minus sign in front of it, the Snow "squeaks"under foot. the farther below zero you go the mor4e the snow "squeaks". so have have a warm and bountiful thanks giving … (0 comments)
realtor: building permits and starts
- 11/18/10 02:07 AM
when looking at the both total and single family permits and starts, the story remains close to same historically low numbers. the positive take is that the length of time we have been bouncing along at the numbers being reported. indicates a bottom has been reached. when the numbers remain where they are it gives the foreclosure inventory a chance to be absorbed. we have several more years of pain before the market resembles anything like a "normal market" so it is just a continuation of hard work to achive your clients goals.
realtor: EMPLOYEMENT IN MONTANA
- 11/10/10 01:21 AM
HOUSING IS DEPENDENT OF PEOPLE WORKING. SO THE NUMBER OF PEPLE WORKING IS IMPORTANT TO TRACT IF YOU WANT TO TRY AND FIGURE OUT WHICH WAY SALES ARE HEADING. BELOW IS A GRAPH OF EMPLOYMENT IN MONTANA SINCE IT PEAKED. DEPENDING ON WHERE YOU LIVE IN THE STATE YOU MIGHT WANT TAKE A LOOK AT YOUR ARE TO GET GLIMPSE OF WHERE YOUR MARKET IS HEADED. MONTANA HAS LOST ABOUT 30,000 PEOPLE WORKING SO IF YOU USE THE HOME OWNESHIP RATE FOR MONTANA AT THE END OF 2009 ,WHICH WAS 70.2% THAT MEANS WE HAVE LOST ABOUT 21,000 POSSIBLE HOME ONWNERS … (1 comments)
realtor: makert stats thu october 2010
- 11/05/10 02:45 AM
This month as i looked over the direction of the market, i wondered about the sales price movements and the breakdown of market segments. At the "street" level the market does not "feel" strong and closed, pendings and inventory say that it is not. yet the average and median sales price show and increase, so i did an analysis of what has occurred in the high end this year and as you can see from the graphs below, it is both the highest percentage in unit volume and dollar volume it has ever been and when the high end makes this type of move … (0 comments)
realtor: october closed sales
- 11/03/10 01:48 AM
WITH HISTORIC LOW INTEREST RATES AND MODERATING PRICES OCTOBER COMPARISONS SHOW WEAKNESS IN THE OVERALL MARKET. THE POSITIVE IS OVERALL THE MARKET SEEMS TO KEEP FINDING REPLACEMENT BUYERS FOR THE CLOSED SALES AND INVENTORY IS MAKING IT'S "NORMAL" DECLINE" SO THE RELATIONSHIP OF INVENTORY TO PENDING SALES IS REAMING CONSTANT.
realtor: infromation about where the tax credits are claimed
- 10/21/10 02:18 AM
i ran acorss this infromation i thought it might intersting to all of us thta sell real estate. According to GAO, through July 3, 2010, approximately one million claimants claimed $7.3 billion in interest-free loans through the Housing and Economic Recovery Act of 2008, which provided homebuyer assistance in the form of a refundable credit for homes bought after Apr. 8, 2008 and before Jan. 1, 2009; Another 1.7 million claimed $12.1 billion in homebuyer credits using provisions of the American Recovery and Reinvestment Act of 2009, and 600,000 claimed $4.1 billion in credits under the provisions of the Worker, Homeownership, … (1 comments)
realtor: housing permit infromation
- 10/21/10 02:08 AM
the new constuction reamins enemic and probably will stay that waythrough 2011. hard to see real improvement until the froclosure mess has reached its zenith and the properties are thta are being forclosed on now are sold and don't rpesent a drag on pricing.
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realtor: makert stats through october 15th 2010
- 10/21/10 02:00 AM
here is the a market update through october 15th 2010. closed sales are slowing realative to last year which again is the driect resault of the tax credit. a more tradition mix of slaes prices is leading to the increase in the avarge an median sales price. not some underlying strength in pricing which still reamins weak
realtor: forclosures let the fun and games begin
- 10/14/10 03:33 AM
The bottom line on all the mis ques is, housing will be hurt for years to come. A major point to remember is the purpose of the loans were not to buy houses but to have loans to securitize to make profits for wall street. The home loan was just a by product of financial wizardry and that is why there was so much sub prime wall street and the rating agencies "shaked and baked" bad loans into "A" paper and made billions selling the paper. We are now experience the end results of the poop train. When you start with … (0 comments)
watching the realtionship of active inventory to pedning sales will show the direction of the market. you can see where the tax cfedit ended in april. yet the real posative is the stabilty of the pendings to the active invetory.since May it has stayed between 20 to 25% so showing six months of stabilty. although at a lower level it would sugeest also stbilty in pricing.
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