Quarter 4 2016 SW Montana Real Estate Market Recap

As we near the heart of winter, let’s take a look back at the key real estate market metrics and statistics for the Bozeman, Belgrade, Big Sky and surrounding market for Quarter 4 2016. Key Metrics – Year over Year Comparison Quarter 4 2016 Southwest Montana Real Estate The Quarter 4 2016 real estate market.. read more →

FHA Premium Cut Officially Reversed; Mortgagee Letter Already Out

Well, that was short lived…even buyers that were quoted their loans with the premium cut will have to pay full price. FHA Premium Cut Officially Reversed; Mortgagee Letter Already Out Jan 20 2017, 2:45PM As was being widely rumored yesterday, the newly installed Trump Administration has indefinitely suspended a scheduled reduction in the annual premium.. read more →

Community Forum on Affordable Housing – Jan 24, 2017  Big Sky Chamber of Commerce

The Big Sky Chamber of Commerce will host an evening of discussion on Tuesday, January 24th at the Warren Miller Performing Arts Center about the formation of a Tourism Master Plan for Big Sky and affordable housing in the Big Sky area.  Community input is welcomed. For Immediate Release: Big Sky Chamber of Commerce to.. read more →

Comment on Short Term Rentals – Bozeman

The City of Bozeman has just created a survey for public comment on short term rentals aka vacation rentals or VRBO/AirBnB rentals within city limits.  An ongoing hotbutton topic, there will be three live public comment sessions in addition to the survey.   Take the Survey HERE>> SHORT TERM RENTALS PROJECT WHY ARE WE CONSIDERING THIS.. read more →

HUD Lowers FHA MIP by a Quarter Point | Realtor Magazine

Big news for FHA loans – still some work to do to make them more user friendly, but this is a big step. Mortgage insurance premiums on FHA-backed loans will be lower by 25 basis points on loans endorsed starting January 27, the federal government announced today. “After four straight years of growth and with.. read more →

COLOR OF THE YEAR 2017 – Greenery

Fresh – revitalizing. Pantone has released their color of the year for 2017.  I gravitate towards greens and welcome this choice. Looking forward to seeing this in new construction and design for the coming year. Pantone announces 2017 Color of the Year – Greenery. A refreshing and revitalizing shade, Greenery is symbolic of new beginnings… read more →

A Ski Resort Grows Under an Expansive Montana Sky – NYTimes.com

Big Sky is booming – while numbers in the residential real estate market were slipping a bit in 2016, the resort and town are doubling down on the tourism card to bring this resort market into the next realm…great article by the New York Times about how we’re expanding…. January 10, 2017 BIG SKY, Mont… read more →

No slow down for Luxury Real Estate Sales – Mansion Global

This is an interesting development – I don’t believe in ‘national’ real estate markets, but segments of the market, such as the luxury sector ($1M and above) can trend on a national level.  Perhaps there has been no slow down due to the booming stock market – perhaps due to strengthening sentiment about real estate. .. read more →

Finally: Fed raises rates for first time in 2016 – Dec. 14, 2016 CNN

It was almost a certainty that this would happen based on economic data released over the past few months – now to see if more hikes are on the horizon. These rates do not directly impact home loans – the last time a Fed rate hike happened, rates on home loans actually went down. But.. read more →

Google Time Lapse – Development in SW Montana since 1984

A fun distraction – Google timelapse has enabled curious web surfers the ability to see the growth worldwide that has taken place since 1984.  Looking at our specific area, it’s interesting to see when the booms were in construction.  And how Bozeman and Belgrade appear to be growing together. Scroll around or zoom out to.. read more →