Archives for Agents newsletters

Kelly Appraisal Reports Strong Numbers For 2013 Sales

The number of non-distressed sales are up 53% and the number of REO sales are down 49% from this time last year. Short sales are down 38%. The median price of REO sales was $146,199 at this time in 2012 compared with $149,900 this year, and the median price of non-distressed sales was $216,450 in 2012 compared with $226,500 this year. Based on year-over-year comparison of the non-distressed sales, a 4.6% increase in prices is suggested. This data, as well as the overall sales, does indicate that as the demand increases, prices are also starting to increase.
Read More

Categories: Agents newsletters.

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
Read More

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
Read More

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
Read More

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
Read More

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
Read More

Categories: Agents newsletters.

Business Leaders Nurture Tourism: Trade Mission Aims To Bolster Recreational, Medical Opportunities

WHITEFISH – With an eye toward promoting recreational and medical tourism in the region, Flathead Valley business leaders traveled to Canada last week to foster a stronger partnership with their neighbors to the north. U.S. Sen. Max Baucus, who organized the economic trade mission, said its impetus was to build on Montana’s existing trade relationship with Canada by reaching out to industry officials and meeting in real time. Baucus said he expects the trade mission and others like it will bring more nonresident buyers into the state, as well as create new jobs and boost business opportunities. “Helping businesses create
Read More

Categories: Agents newsletters.

Best Ski Resort Towns For Real Estate Investing

By Daren Blomquist, RealtyTrac Vice President  | June 10, 2014 With the busyness and stress of the holidays over — except for maybe that Christmas credit card bill that needs to be paid — it may be time to get away from it all by going on a ski vacation in a snowy mountain resort town. Those who make such a post-holiday trip into an annual tradition might consider buying real estate in their favorite mountain resort town so they have a place to stay each year without racking up mammoth hotel fees on top of the cost of airline
Read More

Categories: Agents newsletters.

Battle Over Flathead Water Rights Faces Specter of Litigation

Tribes are reviewing legal options; state representative says issue will likely go to court. In 34 years, Montana lawmakers have approved 17 out of the 18 water rights compacts to come before the Legislature, counting settlements for the C.M. Russell National Wildlife Refuge and Upper Missouri River Breaks National Monument, which recently cleared the House on their way to the governor’s desk. The only compact that legislators have rejected since the Montana Reserved Water Rights Commission was established in 1979 is an expansive agreement to forever settle the Confederated Salish and Kootenai Tribes’ water rights on and off the Flathead
Read More

Categories: Agents newsletters.

Whitefish Ranks First For Ski Resort Town Real Estate Investment

RealtyTrac set out to find the best ski resort town for real estate investing. They sifted through housing and economic data for resort towns with some of the nation’s top ski resorts — as defined by extensive data analysis by their friends over at Zrankings — to come up with a list of top ski resort towns for real estate investing. Below is the list of criteria used, along with the winners.
Read More

Categories: Agents newsletters.