Slower economic growth will mean more static interest rates and increasing affordability, a new study from Fannie Mae says...BY PATRICK KEARNS
Economic growth is expected to slow in 2019 leading to stabilized home sales and mortgage rates, according to Fannie Mae‘s economic and strategic research group.
A widening trade deficit and moderation of business investment growth have Fannie Mae’s team predicting that full-year gross domestic product growth (GDP) will slow to a 2.3 percent increase — down from this year’s projected 3.1 percent increase.
Consumer spending will continue to be the largest driver of growth, but in the third quarter of 2018 business investment growth slowed significantly. It could be even further impacted by higher tariffs,…
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LAST CHANCE TO BUY IS 12/13
The Ikon Pass is your opportunity to get unrestricted access to some of the most iconic destinations in the world with absolutely no blackouts. Join a like-minded community, and seek out new adventures as you explore all that the mountains have to offer.
PICK YOUR PASSES
4 and Under $29
LIMITED ACCESS, NO BLACKOUTS:
West: The Summit at Snoqualmie (WA)
Rockies: Taos (NM), Deer Valley (UT), Brighton (UT) AltaSnowbird (UT), Jackson Hole (WY), Big Sky Resort (MT), Aspen Snowmass (CO)
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GREAT NEWS! USDA increases income limits
USDA’s new, higher household income limits for its Guaranteed Loan program will be in place for the rest of 2018 and likely most of 2019.
The USDA loan program has two key components to determine a homebuyer’s eligibility:
- The property location, which must be located in a USDA-approved rural location.
- The household income, which must fall below a certain limit. The income limit for households of 1–4 members are now $82,700 for most U.S. locations. For households with 5+ members, the limit is $109,150 for most locations. (High-cost locations may permit income limits much higher.) Buyers can look up their income limits by using the USDA income calculator.
Please note that income to determine USDA …
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Your Current SouthWest Montana Market Stats
Engel & Völkers SouthWest Montana
October - 2018
M O N T A N A L I V I N G
Fall in Bozeman and LivingstonWe have already had our first snowfall. As we move into winter, the activities and entertainment will soon come alive in the snow. The ski areas will open and the hiking trails will turn to cross-country trails, farmers markets will move indoors and the outside events will be limited to the Christmas Stroll and winter activities. The views have been spectacular this fall despite the early…
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