July 2013

Found 27 blog entries for July 2013.


finance.yahoo.com - If you tried to buy a home in Phoenix a year ago, you probably would have been able to land it for well under the asking price.

Those days are gone. In a city that was hit hard after the housing bubble burst in 2007, you're now more likely to encounter a bidding war for that split-level ranch on the cul-de-sac you had your eye on.

To read more of this article, click the link below:

600 Views, 0 Comments


homes.yahoo.com - If you think you may have missed the boat on getting a lower mortgage rate, you may think it's too late to refinance - especially when you see interest rates rising every week.

In fact, according to the Mortgage Bankers Association (MBA), on July 5, 2013, the average interest rate for a 30-year fixed-rate mortgage increased to 4.68 - an increase of .10 percent from June 28th. This is the highest rate since March 2012. 

Though this news may dishearten homeowners who didn't jump at the chance to refinance when rates were at rock bottom, our experts say not to give up on the idea of refinancing just yet.

To read more of this of this article, click the link below:

565 Views, 0 Comments

finance.yahoo.com - May new home sales, as reported by the Census Bureau and the Department of Housing and Urban Development, increased 2.1% from April.  

New home sales increased to an annualized pace of 497,000—up 8.3% from May (which was revised down from an initial estimate of 476,000 to 459,000) and up 38% from a year ago. Activity picked up in the West, South, and Northeast, while falling in the Midwest.

To read more of this article, click the link below:

502 Views, 0 Comments


inman.com - One in 3 buyers are willing to bid higher than a home’s asking price, according to a survey conducted by Trulia in partnership with Harris Interactive.

That was just one of several other findings of the survey that appear to show that homebuyers are feeling the squeeze of market conditions that are significantly altered from those of a year ago. At the same time, they capture improved sentiment towards the housing market.

To read more of this article, click the link below:

743 Views, 0 Comments


money.cnn.com - After years of decline to rock-bottom levels, interest rates are on the rise. The average rate for a 30-year mortgage was recently 4.35%, more than a point above the 2012 low of 3.3%.

Whether you're buying, selling or refinancing a home, here's how to navigate the new environment. 1. No more record rates, but still cheap loans  2. The refi window is starting to close  3. Higher rates won't scuttle the housing recovery  4. Once you're ready to buy, lock in  5. Fixed loans usually beat adjustables

To read more of this article, click the link below:

805 Views, 0 Comments


homes.yahoo.com - As the weather warmed up this spring, so did the national housing market, shaking off a relatively sluggish start to the year to register the highest annual rate of home value appreciation in any second quarter since 2004.

The U.S. Zillow Home Value Index rose to $161,100 as of the end of the second quarter, up 5.8 percent year-over-year and 2.4 percent from the first quarter, the largest annual gain since August 2006 and largest gain in any quarter since the fourth quarter of 2005. National home values rose just 0.25 percent during the first quarter.

To read more of this article, click the link below:

536 Views, 0 Comments


finance.yahoo.com - Freddie Mac released the results of its Primary Mortgage Market Survey this week, which indicated that average fixed mortgage rates have declined slightly in the wake of the sharp increase after the Federal Reserve’s announcement that it will slow its bond-buying program in the near future.

Average interest rates on a 30-year fixed mortgage have dropped to an average of 4.37 percent from last week’s 4.51 percent. Fifteen-year home loans also fell from 3.53 percent to an average of 3.41 percent this week. Though experts in the field are saying that rates may still continue to rise, albeit at a steadier pace than the initial spike.

To read more of this article, click the link below:

641 Views, 0 Comments


money.cnn.com - If history is any indication, the recent spike in mortgage rates is going to have little to no impact on home prices, according to a new report from Fannie Mae.

After looking at mortgage rates going back to 1990, Fannie Mae's researchers came to the surprising conclusion that while rising rates were likely to hurt the number of home sales, they had virtually no impact on home prices.

To read more of this article, click the link below:

462 Views, 0 Comments


news.yahoo.com - U.S. homebuilders are feeling more optimistic about their home sales prospects than they have in more than seven years, a trend that suggests home construction will accelerate in coming months.

The National Association of Home Builders/Wells Fargo builder sentiment index jumped to 57 this month from 51 in June. A reading above 50 indicates more builders view sales conditions as good, rather than poor. The index hasn't been that high since January 2006, well before the housing market crashed.

To read more of this article, click the link below:

489 Views, 0 Comments

bozeman_city_of_bozeman_468For her contributions to the following transcript of a conversation this week, I need to thank Bonnie Martin, broker/owner of Heart of Montana Realty in downtown Bozeman, for giving us her honest best during this interview—no questions unanswered, full candor, no retractions. 

TBM: We’ve heard a few rumors… but why don’t you paint a clear picture of Bozeman’s real estate market right now?

Bonnie: In the downtown area, it’s still very similar to 2006. A lot of people have discovered Bozeman as an ideal place to live. It’s the feel of that—the beauty, the college, great schools, mountains, and the walking distance, the simple lifestyle.

But what about the real estate market? I’m hearing it’s crazy-silly out there.

Bonnie: Bozeman has always been

665 Views, 0 Comments