Montana Realtor Blog, Real Estate Market Information Billings, Montana, Yellowstone county

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Real Estate Broker/Owner - Howard Sumner Real Estate - RRE-BRO-LIC-2190

ARCHIVED BLOG POSTS

2010 

Unemployment, people without jobs have very difficult time both making payments on theirs homes and qualifying to buy a home. With mortgage purchase application off 20% when the figures for May pending sales nationally are reported it will be cliff diving numbers, which then means more foreclosur...
05/25/2010
Since I looked at building in Yellowstone County thought it would be good to try and find information on Montana and see how the state of Montana is fairing So I choose March starts to compare, since that is the latest data I could find, so what does it say. From the peak in 2006 starts are off 5...
05/24/2010
this year the trend in availability for rental in Yellowstone county county has been done. the last two Sundays there has been an uptick which i am sure is caused by the first time buyers closing on their homes purchased because of the tax credit. i would suspect that the tightening of the rental...
05/22/2010
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THIS MORNING I THOUGHT I WOULD LOOK AT NEW CONSTRUCTION OF HOMES IN THE MLS. THIS IS NOT A DEFINITIVE OR ABSOLUTE OF WHAT IS OCCURRING IN YELLOWSTONE COUNTY, YET I BELIEVE IT WOULD ACT AS RELATIVELY GOOD MIRROR TO THE TOTAL ACTIVITY IN YELLOWSTONE COUNTY. THIS FIRST GRAPH SHOWS THE BALANCE WITH T...
05/22/2010
one of the most accurate forecasters of the strength of the market is the realationship of active listing to pending sales. you can have inventory levels increasing yet if pending sales are increasing at the same rate or faster you market shows strength . just as if the pending sales were falling...
05/21/2010
Here is great graph showing the great effect all the money that has been thrown at housing is having. If you missed the news yesterday delinquencies rose to 14.69%. Their highest level in the fist quarter of 2010. Which means foreclosures should also go to their highest  level probably third quar...
05/21/2010
And now for the rest of the story as Paul Harvey would say First two graphs show all permits and starts in housing which include Mutli family. The second set of graphs show just single family permits and starts. With these four graphs you get a total picture of the health of the construction busi...
05/19/2010
The Refinance Index increased 14.5 percent from the previous week and the seasonally adjusted Purchase Index decreased 27.1 percent from one week earlier. This is the lowest Purchase Index observed in the survey since May of 1997. ... "Purchase applications plummeted 27 percent last week and have...
05/19/2010
From the foreclosure front you can see how effective the "prevention" plans on foreclosures have been According to the Federal Reserve the percentage of mortgages 90 days or delinquent in a county National rate 5.6% Yellowstone County 2.4% Missoula 2.8% Flat head 4.7% Gallatin 2.9% Lewis and Clar...
05/11/2010
Here are the numbers through the end of April. Since real estate sales were driven by the 8k and 6.5k tax credit all numbers are looking good. The most note worthy number is the decrease in availability for rental units. There has been a consistent steady decline since mid January. The only reaso...
05/05/2010
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