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

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Industry Observer - Howard Sumner Consulting
RECENT BLOG POSTS
ONE WOULD THINK THAT AS YOU INCREASED THE POPULATION AND EMPLOYMENT IN AREA, DEMAND FOR HOUSING SHOULD INCREASE, THE OTHER THOUGHT THAT COMES TO MIND IF YOU MADE HOUSING LESS EXPENSIVE TO PURCHASE IN RELATION TO INCOME, MORE BUYERS WOULD BE IN THE MARKET PLACE SO THE THOUGHT TO PONDER………………….. AR...
08/23/2013
A broken record maybe, yet when I look at new construction nationally, I ask myself if I had lost  44 to 32% of my ability to walk from an accident, would I consider myself recovered, that’s how much construction is off from the 50 year average. I would venture not a stellar performance, this is ...
08/18/2013
Cycle, cycle, cycle The Second half of the year has begun and the residential market in Billings enters its normal second half of the year behaviour. While we see year over year increases we see month to month decreases. The increase in in unit sales is up 10% year over year while the month over ...
08/07/2013
Real-estate values are influenced by several factors, income growth population growth employment growth and interest rate. When looking at Yellowstone County and the current price movements and whether the appreciation is solid or sordid, looking at the underlying factors might lead to a conclus...
07/30/2013
Thought to ponder as we progress down the road,  in the second quarter of 2004 home ownership rate peaked at 69.2% dropping  to 65% in the first quarter of 2013. What opportunities and challenges does that present in the housing market . In May 2013 existing home sales were seasonally adjusted ra...
07/18/2013
New numbers released this morning , what do the tea leaves say to you. Both from the peak and the 50 year averages still off by major/recession/depression depending on how you want to define, though impressive number bounce from the bottom no doubt, So the thought to ponder ………….. is if rates go ...
07/17/2013
Market update at glance June 30th 2013 The first half of the year is over and if it were a football game the residential market in Billings would be leading 21 to zero. The increase in in unit sales is up 9% year over year, the decrease in market time is 20% year over year, the absorption rate sh...
07/11/2013
Market update at glance May 31th 2013 Encore, Encore is the usual audience response for an outstanding performance at the theater.  I believe as I review the performance of the market for the first five months of 2013 that should be our response to the behavior of the market so far. The increase ...
06/22/2013
Market update at glance April 30th 2013 As I sit and review the performance of the market for the first four months of 2013, the increase in in unit sales is outstanding, the decrease in market time is phenomenal, the increase in pending sales is a positive trend, the market velocity is a decreas...
05/05/2013
The thought to ponder……. Impressive bounce from the bottom, yet housing is still 30 to 41% off the 50 year averages, and 56 to 65% off from the peaks, really cause for celebration? That would put the dow in the 10,360 to 5,180 range who would be celebrating then?     actual total for year permit ...
04/15/2013
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The Most Current Information on the Real Estate Market in Billings Montana From a Top Performing Realtor, in Billings Montana, Yellowstone County