Real Estate Blog

Belgrade Absorption Rate March 30th

Posted by Mark Corner on March 30, 2019 in No Category
Whether you are buying or selling, it's good to know the Absorption Rate.  This is our month's supply of homes for sale.  A balanced market is a 6 month supply of homes.  Enough for buyers to find what they are looking for yet sellers can still get a fair price for their home.  We have had a shortage of inventory for the last 3 years.  The Absorption Rate for Belgrade single family homes is 2.6 months and condo & townhomes is 1.3 months.  This tilts the market in favor of the selle... read more
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Belgrade Home Price Climb Over 5 Years

Posted by Mark Corner on March 28, 2019 in  Belgrade News
We have seen the Belgrade median home price climb 64% in the last 5 years.  Rising prices have been fueled by the rise in the cost of building materials, by more than 10,000 people moving to the Gallatin Valley over the last 4 years, by the lack of new building lots to build more housing, the record attendance growth 11 years in a row at MSU, record low mortgage rates giving buyers more purchasing power and the quality lifestyle we have with so many world-class outdoor recreational opportunities here... read more
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Fed Says No More Interest Rate Hikes in 2019

Posted by Mark Corner on March 27, 2019 in No Category
Wednesday March 20th, the Federal Reserve decided to hold interest rates steady and that no more rate hikes will be coming this year.  Just 3 months ago, the Fed anticipated two interest rate hikes in 2019.  The move came along with reduced expectations in GDP growth and inflation and a bump higher in the unemployment rate outlook.  After the announcement, 10-year treasury yields fell to their lowest level in a year.  Home mortgage interest rates closely follow 10 year treasury note rates. ... read more
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Bozeman Absorption Rate March 26th

Posted by Mark Corner on March 26, 2019 in No Category
Whether you are buying or selling, it's important to know our Months Supply of Inventory.  A balanced market is a 6 month supply of homes.  Enough for buyers to find what they are looking for yet sellers can still get a fair price for their home.  For the past 3 years, Bozeman has had a shortage of inventory and the market has favored the seller.  In the past 12 months, single family home inventory has increased slightly from 1.7 months to 2.7 months of inventory.  Condo & Townhome inve... read more
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The much anticipated "Trail to the M and Drinking Horse" is ready to begin construction within the next month.  This new trail has been in the works for years.  The City of Bozeman and the Federal Highway Administration have been hard at work planning a route, negotiating trail easements, and selecting a contractor.  Construction is expected to be completed by mid-September.  The new trail will run on the north side of Bridger Drive from the Creekwood subdivision to the M trial with an underpass... read more
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