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

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Industry Observer - Howard Sumner Consulting
RECENT BLOG POSTS
The IRS today announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes. In tax year 2010, the most recent year for which figures are available, nearly 3.4 million taxpayers claimed de...
01/22/2013
Year end rental market report this INFORMATION is a composite of over 15,400 SEPARATE ads in 2012 and over 87,000 in the last five years. #1 about 13% fewer units advertised for rent 2012 COMPARED to 2011 #2 about 5% increase in pricing in APARTMENTS for rent 2012 COMPARED to 2011 #3 about 3% inc...
01/20/2013
Thought it might be fun to do the ten year comparison for Yellowstone county home sales Soooooooo I thought let’s compare today to ten years ago to today and see what we shall see #1 Population               2002        132,165         vs.     2012     51,814               an increase of  14.86% ...
01/08/2013
  RECENTLY WAS READING AN ANALYSIS OF WHAT IS TRANSPIRING IN THE LABOR FORCE ON ONE OF THE GREAT TENANTS THE REASON THE NUMBER OF “NOT IN THE LABOR FORCE IS GROWING IS BABY BOOMERS ARE RETIRING AND LEAVING THE WORK FORCE NOT THAT PEOPLE ARE GIVING UP LOOKING FOR WORK. IF PEOPLE WERE GIVING UP LOO...
01/08/2013
I always marvel at the lack depth of the questions main stream media. For 2012 all the talk about the “recovery” of the new construction single family sales market. Soooooooo I thought let’s compare today to ten years ago to today and see what we shall see #1 employment   2002     130,341,000    ...
01/07/2013
Market Update at a glance December 2012 We are now through the year and the good numbers continue to roll through the housing market here in Yellowstone Count, Inventory lower by 23%, pending sales up by 24%, closed sales up by 18%, new home permits up 80% all outstanding performance for the resi...
01/06/2013
New home contuction continues to show improvement as the genral housing market does. the question is what happens whne the fedral reserve takes away the sugar high of low interst rates. whith rates where they are basically the federal resrve has lowered the interst cost by about 47% since 2007. W...
01/05/2013
Market up date at Glance through November 2012 Noise, Noise, Noise……. As I sat down to review this months & year to date information, the election ads got me to thinking about all the misleading information you need to sort through to understand the underlying direction of housing within our mark...
12/07/2012
Looking at trends in pricing over the past few years it got me to wondering about why with a 16% drop in interest rates from 2011 and a 47.1% drop from 2007, what was the makeup of the factors causing  a 3% rise in price from 2011 and a 3% rise from 2007 when size is factored in, or said another ...
12/06/2012
Thoughts to ponder for Real estate in Yellowstone County 2011 to 2012 Residential sales, number of units up 20% Inventory, number of units,  down by 21% Price, considering size, up solid 3% Interest rates are down 16% Number of employed in Yellowstone county is up 2.4% Number of three bedroom hom...
12/02/2012
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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