Monthly Archives June 2015

Glacier Creates $172 Million in Economic Benefit

Sure signs of spring can be seen in the photo above of Park headquarters. A new National Park Service report shows that approximately 2.2 million visitors to Glacier National Park in 2012 spent $172 million in communities near the park. That spending supported 2,754 jobs in the local area. “We are honored and proud to welcome visitors from across the country and around the world to Glacier National Park,” said Park Superintendent Jeff Mow. “Glacier is a special place and many times visitors travel to Montana specifically to visit Glacier, and are introduced to the many other wonderful amenities that
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Categories: News.

FHFA, Fannie Mae and Freddie Mac Announce HARP Changes to Reach More Borrowers

The Federal Housing Finance Agency, with Fannie Mae and Freddie Mac, today announced a series of changes to the Home Affordable Refinance Program (HARP) in an effort to attract more eligible borrowers who can benefit from refinancing their home mortgage. HARP is unique in that it is the only refinance program that enables borrowers who owe more than their home is worth to take advantage of low interest rates and other refinancing benefits. Borrowers must have mortgages currently owned or guaranteed by Fannie Mae or Freddie Mac. The new program eliminates certain fees for borrowers; removes the current 125 percent
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Categories: News.

Five Tips For Selling Your Home in the Winter

Just your luck — you have to sell your home in winter, the slowest and dreariest sales season of all. But cheer up. You can use staging, the reduced competition and some seasonal opportunities to your advantage. Here are some tips to lessen the chances your home will languish on the market: 1. Remember the basics. Taking care of needed maintenance and repairs is obligatory in any season. A thorough cleaning and getting rid of clutter are equally essential. And tidying up the yard and touching up the exterior appearance to improve the curb appeal also can make the difference
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Categories: News.

Flathead Market Continues to Recover and is Gaining Momentum

In general, 2013 continued to improve from when the market bottomed at the end of 2011. The following is a list of some key points: 1. The employment picture continues to improve. Throughout most of 2013 the unemployment rate continued to decrease with a low in September of 5.9%. A key number that I look at is the actual number of people that are employed. In 2013 the average number of people employed was 40,182, which is up from 39,763 in 2012 and 38,750 in 2011. Even with that increase, it is still 3,911 short of the 44,093 that were
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Categories: News.

Existing-Home Sales Rise Again in January

The uptrend in existing-home sales continues, with January sales rising for the third consecutive month with a pace that is now above year-ago levels, according to the NATIONAL ASSOCIATION OF REALTORS®. Existing-home sales, including single-family, townhomes, condominiums, and co-ops, increased 2.7% last month and are 5.3% above January 2010. This is the first time in seven months that sales activity was higher than a year earlier. The improvement is good but could be better, said NAR chief economist Lawrence Yun. “The uptrend in home sales is consistent with improvements in the economy and jobs, which are helping boost consumer confidence,” Yun said. “The
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Categories: News.

Northwest Montana Real Estate Market Report

As the real estate market picks up across the country, it is obvious that the Flathead Valley is also on a significant recovery trajectory. Though our scenery and amenities play a significant role in that market recovery, according to leading Flathead Valley real estate agents, it is the community cohesiveness that really sells people on northwest Montana. Flathead Valley real estate agents report that our international airport providing accessibility in and out of the valley is a real draw to the area. Other attractions drawing people to Whitefish include our proximity to Glacier National Park, the cultural mix of theatre
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Categories: Agents newsletters.

Mortgage Rates Dip as Spring Home-Buying Season Begins

Mortgage rates across the United States have dropped slightly, just as the spring home-buying season has kicked into gear. The average rate on a 30-year fixed mortgage dipped to 4.34% from 4.41% last week, according to the latest survey from mortgage buyer Freddie Mac. At this time last year—when rates hit record lows—the average was 3.43%. “Mortgage rates eased a bit following the decline in 10-year Treasury yields.” Frank Nothaft, vice president and chief economist at Freddie Mac, said in a statement. “Also, the economy added 192,000 jobs in March, which was below the market consensus forecast but followed an
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Categories: Agents newsletters.

Experts Expect Home Prices and Mortgage Rates to Rise Slowly in 2015

At a recent panel discussion on the 2015 real estate market, the chairman of Standard and Poor’s Index Committee, David Blitzer, was asked to describe what the market will look like in one word. His answer? “Mysterious.” His response tells us that, for one, the real estate market can confound even the experts. But, more importantly, it suggests that housing has reached an inflection point. With home prices in many markets at or above pre-bubble levels, we can no longer expect the “rebound effect” to power home values higher each month. Fundamentals, like population and wage growth, as well as
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Categories: Agents newsletters.

Common Real Estate Definitions and Terms Explained

Below are some commonly used terms throughout the foreclosure process by mortgage lenders, investors, and real estate professionals. Notice of Default (NOD): The initial document (non-judicial) filed by a trustee that starts the foreclosure process, usually after the occurrence of a default under the deed of trust, or mortgage. Both LIS and NOD are part of the PRE-foreclosure process. Lis Pendens (LIS): Notification of pending lawsuit. The initial document (judicial) filed by an attorney or trustee that starts the foreclosure process after the occurrence of default under the deed of trust or mortgage. Both LIS and NOD are part of
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Categories: Agents newsletters.

2014 Flathead Valley Parade of Homes

Get the inside view of today’s Montana lifestyle. Enjoy three days of self-guided tours of fabulous new homes in the Valley. Homes are valued from $250,000 to over $1 million. See the finest Montana craftsmanship by leading builders. The homes are fully finished, with the latest interiors and design, and state-of-the-art home technologies and comfort systems. 2014 Parade of Homes schedule: Friday, September 5: noon to 8pm Saturday, September 6: 10am to 7pm Sunday, September 7: 10am to 4pm If you have any questions or would like to purchase tickets using a credit card prior to the event, please give
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Categories: Agents newsletters.