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March 2013

Found 21 blog entries for March 2013.

Housing industry, brace yourself: The Millennials are moving in.

A generation that's about 90 million strong, Millennials (or Generation Y) form the largest demographic wave in the nation's history — even larger than the Baby Boomers. And now that the oldest are in their early 30s (the youngest are 12), they're coming of age for home ownership.

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790 Views, 0 Comments - Prices are up and inventories down – good news for the larger economy.

The housing industry finds itself on a much better footing this year: Prices are up, inventories are down, and signs abound that a recovery is firmly under way. This is good news for the economy as a whole at a time when other stalwarts of the recovery, such as exports and government spending, have started to tail off. Increased home sales put more people to work and feed an upward spiral of income, spending and employment in the real-estate and homebuilding industries. Makers and sellers of appliances, furniture and carpets, plus nurseries, landscapers and others also benefit.

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January’s strong start to 2013 continued into February, with national home values appreciating by 0.1 percent month-over-month, to a Zillow Home Value Index of $158,100. February marked the 16 consecutive month of appreciation, and U.S. home values have risen 6.5 percent since hitting bottom in October 2011. The last time home values rose to this level was in June 2004.

National home values in February were up 5.8 percent year-over-year, the second-largest annual gain since August 2006, behind only January 2013 (6 percent). Of the 30 largest metros covered by Zillow, all experienced annual and monthly appreciation. 

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Home price gains may be outpacing increases in rent, but the cost of being a homeowner is still much less than that of a renter, according to Trulia’s Winter 2013 Rent vs. Buy report.

After factoring all cost components including transaction costs, taxes, and opportunity costs, Trulia found buying a home is 44 percent cheaper than renting, down slightly from 46 percent a year ago.

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795 Views, 0 Comments - Existing-home sales and prices posted strong year-over-year gains in February, while inventory remained tight but eased slightly, according to a monthly report released today by the National Association of Realtors (NAR).

Existing homes, which include single-family, townhomes, condominiums and co-ops, sold at a seasonally adjusted annual rate of 4.98 million during February, up 0.8 percent from January and 10.2 percent from a year ago. That's the fastest pace of sales since November 2009 when the first-time homebuyer tax credit boosted purchases.

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bozeman_city_of_bozeman_468While America’s iconic big cities may attract the majority of starry-eyed tourists, small towns are the nation’s true gems. The folks at Fodor’s have recent released this year’s picks for the best small towns in America. Scouring the nation for quaint hometown treasures was not an easy task. The editors at Fodor’s set parameters for the selection process, like the size of the town (had to have a population of less than 50,000) and unique attractions (like good eats, museums or landscape). From the hills to the valleys and from sea to shining sea, here are the 10 best small towns in America.

Guess who is #2 on this list?  Bozeman, Montana

For the artsy and outdoorsy types, Bozeman in Big Sky Country offers the perfect mix of culture and adventure. The

742 Views, 0 Comments - Sales of previously owned homes reached an annual rate of nearly 5 million in February, the strongest pace in more than three years.

The report Thursday from the National Association of Realtors was the latest sign of a housing recovery that has become a major positive force for the economy.

The February rate of 4.98 million homes was up 10% from a year earlier, although it was only 1% higher than the revised January pace.

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706 Views, 0 Comments - For the fourth consecutive year, Gallatin County has been named the overall healthiest county in Montana, according to a national study released Tuesday.

Researchers with the Population Health Institute of the University of Wisconsin ranked Gallatin County among the best in the state for several health factors.

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584 Views, 0 Comments - The greatest hindrance to the sale of a home can be a seller who is seized by emotion.  

"It is very important for sellers to (keep) in mind that a real estate transaction is most likely the single largest financial transaction they will ever undertake," says Fiona Dogan, "It should be viewed and handled primarily as a business transaction, with cold, hard decisions being made on a financial and investment basis."

The four mistakes are: 1.  Overpricing.  2.  Going to a showing.  3.  Rejecting early offers. 4.  Don't take offers personally.

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986 Views, 0 Comments - Depending on where you live, a patio might not be the kind of thing you think about during the cold, and maybe snowy, winter months. But a patio is what many people enjoy on a sunny warm afternoon. It just feels good to sit outside and sip some iced tea or lemonade. That's the picture your real estate agent would want to capture when listing your home for sale.

Patios are appealing because they can create a sense of peace, open space, freedom, and they can seem to extend the square footage of livable space on those good weather days.

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