My Blog Articles

The Bozeman City Commission will put a ballot measure on the November ballot to increase property taxes by $60 a year for the average home ($582,450) to help fund affordable housing.  They are proposing a 7 mill levy over the next 8 years that would raise an estimated $10 million or $1.25 million per year.  The state legislature pass a new law this year banning what's called Inclusionary Zoning that required developers to sell a certain percentage of their homes at an affordable price.  This proposed... read more

Have You Missed Your Chance at a Low Mortgage Rate?

Posted by Mark L. Corner on May 13, 2021 in  Mortgage Rates
This year, mortgage rates have started to slowly climb above recent record-breaking lows. Many homeowners planning to move may feel like they’ve missed the chance to score a great rate on their next mortgage. In reality, there’s still time to secure a rate far below the historic norm. Here’s why. After creeping up for seven consecutive weeks, average mortgage rates have dropped more recently (See graph below). With rates taking a slight dip over the past two weeks at the same t... read more

How Much Time Do You Need To Save For a Down Payment?

Posted by Mark L. Corner on May 12, 2021 in  Downpayments
One of the biggest hurdles homebuyers face is saving for a down payment. As you’re budgeting and planning for your home purchase, you’ll want to understand how much you’ll need to put down and how long it will take you to get there. The process may actually move faster than you think. Using data from the U.S. Department of Housing and Urban Development (HUD) and Apartment List, we can estimate how long it might take someone earning the median income and paying the med... read more

4 Tips To Maximize The Sale Of Your Home

Posted by Mark L. Corner on May 04, 2021 in  Selling
Homeowners ready to make a move are definitely in a great position to sell today. Housing inventory is incredibly low, driving up buyer competition. This gives homeowners leverage to sell for the best possible terms, and it’s fueling a steady rise in home prices. In such a hot market, houses are selling quickly. According to the National Association of Realtors (NAR), homes are typically on the market for just 18 short days. Despite the speed and opportunity for sellers, there ar... read more

The Bozeman Housing Shortage is a National Problem

Posted by Mark L. Corner on April 21, 2021 in  Construction
The US is 3.8 Million Homes Short Shar The U.S. housing market needs nearly 4 million single-family homes to meet the nation’s demand, according to a new analysis from Freddie Mac. The 3.8 million shortfall marks a 52% increase in the housing shortage since 2018. “This is what you get when you underbuild for 10 years,” says Sam Khater, Freddie Mac’s chief economist. “We should have almost four million more housing units if we had kept up with demand the last few years.&rdq... read more