ONLY ONE OTHER TIME IN THE PAST THIRTY YEARS HAVE I SEEN WHERE IT IS CHEAPER TO OWN THAN RENT IN YELLOWSTONE COUNTY. THAT TIME THE LATE 1980'S, CAUSED BY THE RECESSION AND FORECLOSURES OF THAT PERIOD OF TIME. YELLOWSTONE COUNTY WAS LIKE LAS VEGAS IS NOW WITH OVER 600 FHA REPOS AND 100 VA REPOS ADVERTISED IN THE PAPER EVERY SUNDAY. HOME PRICES HAD FALLEN FROM FORECLOSURES AND POPULATION DECLINE IN YELLOWSTONE COUNTY AND INTEREST RATE HAD DROPPED FROM 13% ON A 30 YEAR MORTGAGE ALL THE WAY DOWN TO THE REASONABLE 9% RANGE. THIS TIME AROUND WE HAVE SEEN PRICES DECLINE SLIGHTLY AND INTEREST RATES SHARPLY DECLINE FROM 6.38% TO 4.11% FOR A 30 YEAR MORTGAGE. RENTS HAVE MOVED UP AND POPULATION IN YELLOWSTONE COUNTY HAS ALSO INCREASED. JUST LIKE THE LAST TIME AROUND THERE WILL BE A WINDOW OF OPPORTUNITY TO MOVE FROM RENTING TO OWNERSHIP THAT WILL PROBABLY BE OPEN FOR 6 TO 12 MONTHS. BELOW IS THE COMPARISONS IN GRAPHS. PLEASE FEEL FREE TO CALL OR E-MAIL WITH QUESTION OR IF YOU NEED HELP BUYING OR SELLING.
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