Rick Armstrong's (rickarmstrong) Blog

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Real Estate Agent - Jackson Hole Real Estate Broker RARE Properties Real Estate
RECENT BLOG POSTS
The indymac deal hits a snag over the one billion dollars Fannie Mae says Indymac owes to them for bad loans.
01/03/2009
Indymac sells for 13.9 billion to a partnership of titans that include George Soros, Michael Dell, and the Flowers group that is a conglomerate of hedge funds.       So this is a continuation and result of the mortgage meltdown.  Seems like a smart play to me.  If the mortgage market recovers the...
01/03/2009
Jackson Hole ski report is as follows.  The skiing is incredible right now.  We have colder temps that have dried out the surface snow that fell very warm and wet over the last three days.   Another storm is poised to hit the region on Monday  or Tuesday.    Avlanche hazard remains high in the ba...
01/03/2009
Jackson Hole real estate has seen continuous increases year over year for basically 15 years now.  There had been a couple of lulls but no major declines.   What we are seeing now is what I refer to as reality.    The appreciation of the past was pushed by easy loans, low interest rates and specu...
01/03/2009
Jackson Hole real estate has seen continuous increases year over year for basically 15 years now.  There had been a couple of lulls but no major declines.   What we are seeing now is what I refer to as reality.    The appreciation of the past was pushed by easy loans, low interest rates and specu...
12/15/2008
Quick snow report. We recieved 6-8 inches of snow Friday night with the Gondola up and running.    we are expecting snow through the week.    The tram is scheduled to open December 20th.   The 30 million dollar project is a huge asset to Teton Village and the real estate surrounding it.  The othe...
12/15/2008
Jackson Hole Mountain Resort set to open Novemebr 29th, 2008. The earliest opening ever.   The big question is will it happen?    Upper mountain snow is good from skier report on Teton pass.   the temps are allowing them to make snow on AV (Apre Vous) .   So the answer is - we will see.
11/24/2008
The Spud drive-inn has offically closed for the season.   But let's not forget next season.   To get to the Spud- Take Hwy 22 west from Jackson to Wilson then over Teton Pass into Victor, Idaho.   Continue on the same road until you see "Old Murphy" pictured above and of course the...
11/24/2008
Jackson Hole continues to see a major slow down in sales.     Price reductions are abundant.   The continuation of the stock market decline and weakness in the national and global economies have continued to put downward pressure on pricing.   Many sellers of Jackson Hole  properties have not bec...
11/24/2008
The Jackson Hole Real Estate Market had been defying gravity for the last couple of years, that is, until this spring.   Last year, while the nations real estate market suffered one of the most dramatic declines since the 80's. We in the jackson hole real estate business enjoyed double digit ...
10/20/2008
Rainer
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Rick Armstrong

Jackson Hole Real Estate
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