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 

below are two graphs the first shows availability of apartments in Yellowstone county. the second shows the pricing. it appears to be a dichotomy with less unit available yet the pricing is also down. what has occurred is the high rental market has softened due to the tax credit and historically ...
09/27/2010
the is an excerpt from Mortgagee Letter 10-29 outline FHA's minimum credit score and loan to value ratio. the infromation was realeaed spetmebr 3rd 2010 thought it might be of use.   In accordance with the final Federal Register Notice [FR-5404-N-02] on minimum decision credit scores and LTV rati...
09/24/2010
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3605 Raindrop Lane Shiny As A New Penney! PROPERTY DETAILS $260,000 LISTING INFORMATION Bedrooms: 3Baths: 2Sq ft: 3494Lot Size: 22,416 sq. ft.Style: RanchGarage: 3 CarHeat Source: GasTaxes: $3052.00 PROPERTY DESCRIPTION You will be delighted with the spaciousness of this nearly new home! From th...
09/24/2010
Els Drive Looking for a building site? PROPERTY DETAILS $55,000 LISTING INFORMATION Bedrooms: 0Baths: 0Sq ft: 0Lot Size: 12114Taxes: $511.00 PROPERTY DESCRIPTION This building site is one of the largest in the subdivision. New area with new homes, very near the Laurel Golf Course. Site is locate...
09/24/2010
know it is broken record time, yet if the "great recession" is over and dancing in the streets should begin how you reconcile the depression that is occurring in the new home construction business. While I have no doubt the government has spent trillions of dollars "saving" us, the powers that be...
09/24/2010
FIRST YOU READ THE HEADLINE AND THINK WOW GREAT NEWS, THEN LOOK AT THE ACTUAL PERFORMANCE IN AUGUST AND YOU CAN SEE EXISTING HOME SALES IN AUGUST ARE BELOW EVERY YEAR ON THE GRAPH FOR AUGUST. THE SAME IS TRUE FOR JULY. THE 2010 MONTHS ABOVE 2009 HAD THE TAX CREDIT TO PUNCH THEM SOOOOOOOOOO THE TH...
09/23/2010
Headline on construction yesterday on yahoo Home construction jumps 10.5 pct in August Below are graphs and charts showing both permits and starts for both single family and all permits which include multi family, notoriously volatile. The number in the head line is true, the question to ponder d...
09/22/2010
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below are tow charts the first being the inventory on homes on the market while still substantially above last year (18% higher) it appears that inventory has peaked and is heading for its traditional slow decline through the end of the year. the second is pending sales again the number of pendin...
09/21/2010
While the following is not a huge risk, I can see scenarios where back end vulture investors collect rights of lenders on prime properties and then force the issue into court on the unsuspecting property owner and hold them hostage to endless litigation unless they conveniently pay the vulture in...
09/18/2010
1057 Ginger Avenue Bring The Family! PROPERTY DETAILS $219,900 LISTING INFORMATION Bedrooms: 4Baths: 3Sq ft: 2714Lot Size: 9,600 sq. ft.Style: 4-levelGarage: 2 CarHeat Source: GasTaxes: $2106.00 PROPERTY DESCRIPTION Your family won't want to miss this home with a roomy floor plan and so much to ...
09/17/2010
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