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        <title>Real Estate Blog</title>
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            <guid>http://www.heartmontana.com/blog/do-you-like-restored-homes-come-check-out-702-s-6th-ave-erin-gaasch-406-580-5209.html</guid>
            <link>http://www.heartmontana.com/blog/do-you-like-restored-homes-come-check-out-702-s-6th-ave-erin-gaasch-406-580-5209.html</link>
            <author>bonnie@heartmontana.com (Bonnie Martin  Designated Broker)</author>
            <title>Do you like restored homes?  Come check out 702 S 6th Ave - Erin Gaasch - 406-580-5209</title>
            <description> <![CDATA[ 
Southside craftsman bungalow fully restored and remodeled in 2009. Brand new kitchen with Viking stove that is open to the dining and living room. All bathrooms have been redone with tile. Upstairs has a master bedroom and bathroom as well an additional bedroom and bath. 2 bedrooms and bathroom on main level and basement has an apartment with 2 bedrooms, bathroom kitchen and living room. This home has been beautifully restored and a must see.


                                               Call me:  Erin Gaasch - 406-580-5209



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            <pubDate>Fri, 18 May 2012 08:04:54 -0600</pubDate>
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            <guid>http://www.heartmontana.com/blog/mortgage-delinquencies-fall-as-housing-starts-rise.html</guid>
            <link>http://www.heartmontana.com/blog/mortgage-delinquencies-fall-as-housing-starts-rise.html</link>
            <author>bonnie@heartmontana.com (Bonnie Martin  Designated Broker)</author>
            <title>Mortgage Delinquencies Fall as Housing Starts Rise</title>
            <description> <![CDATA[ 
forbes.com - In looking at the decrease in mortgage delinquencies, announced by the Mortgage Bankers Association Wednesday, this stood out:


“Newer delinquencies, loans one payment past due as of March 31, are down to the lowest level since the middle of 2007, indicating fewer new problems we will need to deal with in the future,” said Michael Fratantoni, MBA’s vice president of research and economics.


For the more troublesome delinquencies, the percentage of loans three payments or more past due is down to the lowest level since the end of 2008, he said.


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

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            <pubDate>Fri, 18 May 2012 07:38:42 -0600</pubDate>
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            <guid>http://www.heartmontana.com/blog/mortgage-rates-fall-to-another-record-low.html</guid>
            <link>http://www.heartmontana.com/blog/mortgage-rates-fall-to-another-record-low.html</link>
            <author>bonnie@heartmontana.com (Bonnie Martin  Designated Broker)</author>
            <title>Mortgage rates fall to another record low</title>
            <description> <![CDATA[ 
WASHINGTON (AP) – Average rates for 30-year and 15-year fixed mortgages fell to record lows for a third straight week. 


The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify.


Mortgage buyer Freddie Mac says the average rate on 30-year loans dipped to 3.79%. That's down from 3.83% last week and the lowest since long-term mortgages began in the 1950s.


To read more on this story, click the link below:


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            <pubDate>Fri, 18 May 2012 07:29:37 -0600</pubDate>
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            <guid>http://www.heartmontana.com/blog/new-us-housing-construction-in-april-exceeds-forecasts.html</guid>
            <link>http://www.heartmontana.com/blog/new-us-housing-construction-in-april-exceeds-forecasts.html</link>
            <author>bonnie@heartmontana.com (Bonnie Martin  Designated Broker)</author>
            <title>New U.S. Housing Construction in April Exceeds Forecasts</title>
            <description> <![CDATA[ 
Bloomberg.com - Builders in the U.S. broke ground on more homes than anticipated in April, indicating the residential real estate industry is stabilizing.


Starts rose 2.6 percent to a 717,000 annual rate from March’s revised 699,000 pace that was stronger than previously reported, Commerce Department figures showed today in Washington. The median estimate of 80 economists surveyed by Bloomberg News called for a rise to 685,000. Building permits, a proxy for future construction, fell from a more than three-year high.


Employment gains, cheaper homes and record-low mortgage rates are combining to lift demand and encourage builders to take on projects. 


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

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            <pubDate>Wed, 16 May 2012 09:08:16 -0600</pubDate>
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            <guid>http://www.heartmontana.com/blog/real-estate-outlook-median-existing-home-prices-balance.html</guid>
            <link>http://www.heartmontana.com/blog/real-estate-outlook-median-existing-home-prices-balance.html</link>
            <author>bonnie@heartmontana.com (Bonnie Martin  Designated Broker)</author>
            <title>Real Estate Outlook: Median Existing Home Prices Balance</title>
            <description> <![CDATA[ 
The latest quarterly report from the National Association of Realtors (NAR) shows that median existing single-family home prices are indicating more balanced conditions.


Lawrence Yun, NAR chief economist, said there is some volatility in the price performance.  "Home prices are more volatile than normal because of sudden upswings in buyer activity in some localities, and also are affected by the prevalence of distressed sales," he said.


He continued that "home prices lag sales activity because the transactions were negotiated mostly in the previous quarter. Given the steadily dwindling supply of inventory and notably higher listing prices that are being negotiated today, prices are expected to show further improvements in the near future."


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

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            <pubDate>Tue, 15 May 2012 14:19:33 -0600</pubDate>
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            <guid>http://www.heartmontana.com/blog/armory-would-be-six-stories-have-glass-restaurant-on-roof.html</guid>
            <link>http://www.heartmontana.com/blog/armory-would-be-six-stories-have-glass-restaurant-on-roof.html</link>
            <author>bonnie@heartmontana.com (Bonnie Martin  Designated Broker)</author>
            <title>Armory would be six stories, have glass restaurant on roof</title>
            <description> <![CDATA[ 
bozemandailychronicle.com - A Bozeman investment group that has agreed to buy the National Guard Armory plans to keep the existing concrete structure and build four stories on top of it, according to preliminary designs the group released Friday.


The roughly 80-room “boutique hotel” would have an event space for weddings, live music and meetings on the main floor and a glass-enclosed restaurant on the roof, said Jerry Pape, a real estate agent representing the group.


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

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            <pubDate>Mon, 14 May 2012 07:58:41 -0600</pubDate>
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            <guid>http://www.heartmontana.com/blog/drop-in-homes-for-sale-is-strengthening-prices-in-many-spots.html</guid>
            <link>http://www.heartmontana.com/blog/drop-in-homes-for-sale-is-strengthening-prices-in-many-spots.html</link>
            <author>bonnie@heartmontana.com (Bonnie Martin  Designated Broker)</author>
            <title>Drop in homes for sale is strengthening prices in many spots</title>
            <description> <![CDATA[ 
usatoday.com - The nation has fewer homes for sale, and that's helping prices in markets where low supplies are meeting strong demand.




The U.S. had 2.37 million existing homes for sale at the end of March. That was down 22% from a year ago and 41% from the peak in mid-2007, the National Association of Realtors reported Wednesday.




 


First-quarter home sales, meanwhile, were up 5.3% from a year ago.


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            <pubDate>Fri, 11 May 2012 08:25:52 -0600</pubDate>
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            <guid>http://www.heartmontana.com/blog/magic-mortgage-numbers-720-20-help-explain-why-credit-is-tight.html</guid>
            <link>http://www.heartmontana.com/blog/magic-mortgage-numbers-720-20-help-explain-why-credit-is-tight.html</link>
            <author>bonnie@heartmontana.com (Bonnie Martin  Designated Broker)</author>
            <title>Magic Mortgage Numbers 720, 20 Help Explain Why Credit Is Tight</title>
            <description> <![CDATA[ 
Realtytimes.com - If you play the mortgage lottery for at shot a winning a home loan, you only need two numbers to win - 720 and 20.


A credit score of 720 or higher, combined with a down payment of 20 percent or more gives you the best shot at landing a mortgage like it's 2006.  Of course, you must otherwise pass muster with an honest application, adequate documented income, debt-to-income ratios, etc., etc.


The Federal Reserve Board recently asked loan officers to indicate how much more or less likely it is today, compared with 2006, that their bank would originate a "GSE" (Government Sponsored Enterprise - Fannie Mae or Freddie Mac), 30-year, fixed-rate home mortgage to borrowers, based on a variety of credit score-down payment scenarios.


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            <pubDate>Thu, 10 May 2012 08:09:28 -0600</pubDate>
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            <guid>http://www.heartmontana.com/blog/home-prices-rise-in-half-of-us-cities-as-markets-stabilize.html</guid>
            <link>http://www.heartmontana.com/blog/home-prices-rise-in-half-of-us-cities-as-markets-stabilize.html</link>
            <author>bonnie@heartmontana.com (Bonnie Martin  Designated Broker)</author>
            <title>Home Prices Rise in Half of U.S. Cities as Markets Stabilize</title>
            <description> <![CDATA[ 
bloomberg.com - Prices for single-family homes climbed in half of U.S. cities in the first quarter as real estate markets stabilized.


The median sales price increased from a year earlier in 74 of 146 metropolitan areas measured, the National Association of Realtors said in a report today. In the fourth quarter, only 29 areas had gains.










 The U.S. housing market is showing signs of bottoming as improving employment and record-low mortgage rates boost demand while inventories of available properties tighten. At the end of March, 2.37 million previously owned homes were available for sale, 22 percent fewer than a year earlier, the Realtors said.




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



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            <pubDate>Thu, 10 May 2012 07:48:13 -0600</pubDate>
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            <guid>http://www.heartmontana.com/blog/fixed-mortgage-rates-average-new-all-time-record-lows.html</guid>
            <link>http://www.heartmontana.com/blog/fixed-mortgage-rates-average-new-all-time-record-lows.html</link>
            <author>bonnie@heartmontana.com (Bonnie Martin  Designated Broker)</author>
            <title>Fixed Mortgage Rates Average New All-Time Record Lows</title>
            <description> <![CDATA[ 
 realtytimes.com - In Freddie Mac's results of its Primary Mortgage Market Survey®, the average fixed mortgage rates found new all-time record lows, continuing to help keep homebuyer affordability high. The 30-year fixed averaged 3.84 percent, down from its previous all-time record low of 3.87 percent last registered on February 9, 2012. The 15-year fixed averaged 3.07 percent, also dropping below its previous all-time record low of 3.11 percent set April 12 of this year. The 1-year ARM also averaged a new all-time record low in the PMMS at 2.70 percent.


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

 


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            <pubDate>Mon, 07 May 2012 21:50:26 -0600</pubDate>
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