January 2021 
January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in - 68.4% December points to an active year for new construction, but higher material costs, especially lumber, and a limited supply of buildable lots will temper the number of new units.

Closed Sales decreased 23.8 percent for Single Family homes but increased 36.2 percent for Condo/Townhouse homes. Pending Sales decreased 10.0 percent for Single Family homes and 5.9 percent for Condo/Townhouse homes. Inventory decreased 66.8 percent for Single Family homes and 71.9 percent for Condo/Townhouse homes.

The Median Sales Price increased 24.4 percent to $560,000 for Single Family homes and 9.0…

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What drives the risk of a house price correction?

According to JP Morgan, the housing bust and subsequent recession were deepest in the areas where mortgage borrowing expanded the most in the pre-crisis years, driving unsustainable increases in prices. During the 2006-2011 housing bust, price declines were closely intertwined with growth in mortgage debt during the boom. The growth in mortgage debt from 2003 to 2006 explains about half of the variation across counties in the decline in real prices from 2006 to 2011.

Another notable feature of the mid-2000s housing market is the presence of high prices even in places where the supply of housing could – and did – expand rapidly. Indeed, in the mid-2000s, prices rose well above cost in a number of markets…

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Montana became quite the destination during 2020 and the CoVid pandemic...the gateway to Yellowstone National Park and skiing, hiking, fishing, what's not to love? That certainly beats living in 4 walls in a highrise in a big city or in an area of millions of people in a few blocks' radius.

Well, you're in luck! The Bozeman Yellowstone International Airport now offers 25 Direct city flights from around the country with the recent addition of Austin, Oakland and San Diego.

The additional direct flights to Bozeman, many seasonal are the following:

  1. Atlanta
  2. Austin
  3. Boston
  4. Charlotte
  5. Chicago
  6. Dallas
  7. Denver
  8. Fort Lauderdale
  9. Houston
  10. LA
  11. Las Vegas
  12. Minneapolis
  13. Nashville
  14. Newark
  15. New York LaGuardia
  16. New York JFK
  17. …

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We didn't know what to expect from the rest of 2020 after we learned of the Coronavirus resulting in a pandemic with quarantine regulations. Everything turned upside down and inside out. What did transpire for the positive is the importance of quality of life. Folks all over the world experienced life at home for extended periods of time and either gained a new appreciation for their environment or they decided they needed a change. They began researching places to move whether it was to the suburbs in their current area or across the country in a totally new place very different from their current home town. They looked into recreation, family life, schools, tax implications, and the ability to travel for work from that location or the reality of working…

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