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
“WINTER OVER, DOES SPRING ARRIVE?” With the first quarter of the year completed, still questions about how much winter effected the direction of the market. First let’s look at closed transactions, March 2014 continues with fewer homes closed, number of closed sales in Yellowstone County are 313 ...
  I ran into an interesting article about rent versus buy the article contained a calculator comparing renting versus buying that showed, what I thought, a realistic cost comparisons. The calculator let you change the the price and rents so I ran the information for Yellowstone County.    The hou...
    “WHICH TEA LEAVES HAVE MEANING?”   With two months of the year completed, still questions about which indicators best discern the direction of the market. First let’s look at closed transactions, February 2014 continues with fewer homes closed, number of closed sales in Yellowstone County are...
Looking back through time to give perspective   New home sales in December were 28,000 thousand, in 1963 fifty years ago they were 31,000     In 1963 the population was 190,472,000 in 2013 317,479,000 an increase  of 66% new home sales decreased 22.5% in the same time period   In 1963 the Nonfarm...
January 31st 2014 “THE ANSWER OF THE YEAR?” We start 2014 with lots of questions about the direction of the market, with conflicting signals and yellow flashing warning lights. First let’s look at closed transactions, changed dynamics in 2013 continue in 2014 with fewer homes closed, number of sa...
  End of the year new home sales released today. So a great time to look back and ask the perianal question  “Has single family new construction nationally recovered?”   You would think that after eight years from the peak that would be an irrelevant question at this point, unfortunately not. Sin...
December 31st 2013 “End of the Year, Dichotomies” Wow another year and it went by at light speed. 2013 was a two part year, the first half a rocket ship headed for the best year Yellowstone County has ever seen, the second half, while good, had changed dynamics and we ended still 10.62% fewer hom...
When thinking about the question of housing cost, the question of which is the most important to the consumer, is it the purchase price or is it the monthly payment. While I would not claim that it is absolutely one way or another, generally speaking, my experience is, that monthly cost tends to ...
“Looking Back”   I am going to do two things month, which will make this a long report overall. First I will look at the changes form November 2012 to November 2013, then second I will go back and look at 2006 (the peak year in residential sales) and compare to 2013 to see how we have done.  In s...
  When our friends in Washington D.C. shutdown, it meant that some data was not collected. Primarily it effected starts not permit and sales, well that is not quite true, the data below is for October. Sales were not released until December which is a month later than it would normally be and bot...

Howard Sumner

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