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March 2012

Found 24 blog entries for March 2012.

It's a tool used by house flippers all across the nation. Stagers know its power. Real estate agents push its importance. What is this not-so-well-kept secret of real estate? A kitchen can sell a house.  

A kitchen is the heart of a home. This one room is the showpiece of the house. You'll see it every day and your guests will see it during most visits. This means buyers want homes with up-to-date kitchens.  

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bozeman_armory_300Bozeman Daily Chronicle - The president of a Bozeman-based adventure travel company is heading up an investment group that has agreed to buy the old National Guard Armory in downtown Bozeman.

Cory Lawrence, president and CEO of Off the Beaten Path, said Friday his Kelryco Inc. investment group plans to restore the vacant, debilitated armory at 24 W. Mendenhall St. He said they plan to turn it into a multi-story, 40- to 80-room, “boutique hotel” with a restaurant and hospitality space for meetings, weddings and other events.

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foreclosures_down_400Bozeman Daily Chronicle - The number of foreclosures in the area has slowed four years after the Great Recession first struck the Montana real estate market, dropping 18 percent from 2010 to 2011.

Gallatin County has 205 foreclosed properties on the market, the second most in the state behind Flathead County, which has 275, according to RealtyTrac, an online company that compiles foreclosure data nationwide.

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Realty Times - The latest monthly report from the U.S. Bureau of Labor Statistics shows that the unemployment rate is still on its way down. This is good news for job seekers and home sellers alike.

The current unemployment rate is now at 8.3 percent. Last year the annual average was 8.9 percent, with nearly 14 million unemployed. February saw an increase of 428,000 employed, movement in a positive direction.

Will these newly employed be entering the housing market?  To read more on this article click the link on the bottom.

1,023 Views, 0 Comments -  What is it and what does it mean for today's homeowners?

The "mortgage interest deduction", or MID, is a way for homeowners to recoup some of the cost associated with interest paid on mortgage loans for qualifying houses (there's a cap), for both equity debt (loans to improve your home) and acquisition debt (loans to build or buy a home).


How much does it save today's homeowners? According to, 38.5 million homeowners (around half) take the mortgage interest deduction. The average mortgage interest tax deduction is $12,200, and a typical benefit for home owners is $3,050 a year.


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704 Views, 0 Comments - Now that headlines out of Europe have calmed down, the focus has been on the economy here in the U.S. Although there are some mixed signals coming out of data reports, investor confidence is evident in the direction that markets are moving. Investors are turning to risky assets that offer dividends which has sent the S&P to a four year high. All mortgage rates, including bank mortgage refinance rates are at risk of increasing now that the economy is showing some signs of improvement.


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839 Views, 0 Comments - Pending home sales are on an upward trend, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 2.0 percent to 97.0 in January from a downwardly revised 95.1 in December and is 8.0 percent higher than January 2011 when it was 89.8. The data reflects contracts but not closings.



743 Views, 0 Comments