Real Estate Blog

Gallatin County Population Swells

Posted by Mark Corner on April 19, 2019 in  Population
The U.S. Census Bureau released its 2018 population estimate for Gallatin County on Thursday.  112,000 people now reside in Gallatin County.  That's a 25% increase from 2010.  On average, Gallatin County has gained 2,236 people a year since 2010.  75% of that increase was people who moved here and 25% were home grown, as in more people having babies.   If you take out the population of Big Sky and West Yellowstone, that still leaves over 107,000 in the Gallatin Valley.  When the c... read more
| Comments Not Allowed

Triple Divide Peak, Glacier National Park

Posted by Mark Corner on April 01, 2019 in No Category

Montana is the only state in the United States with a triple divide, allowing water to flow west to the Pacific Ocean,east to the Atlantic Ocean and north to the Arctic Ocean.  Triple Divide Peak is located in Glacier National Park.  You can get close to the peak by hiking the Triple Divide Pass trial.

| Comments Not Allowed

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
| Comments Not Allowed

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
| Comments Not Allowed

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
| Comments Not Allowed