Siandhara Bonnet
Jun 30, 2022 Updated Aug 5, 2022

One of Rapid City’s oldest families is selling its almost 4,300 acres for future growth as the region continues to expand.

Bob Borgmeyer said the Selador Ranch, which is listed at $44,995,000 as of Wednesday morning, is largely untouched.

“Our ranches are two blank spaces which should be owned by someone who can better integrate them with the imminent updated comprehensive planning and public works efforts including Ellsworth and its projected 13.5 mile water pipeline,” he said in an email to the Journal.

Borgmeyer, president of Selador Ranches, said his family chose to run the land as cattle ranches since 1956, so they remain pristine. He said his mother Myrtle Irene Huwe…

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Since the premiere of the show "Yellowstone" in June of 2018, the western Montana region setting the backdrop to the show has grown in popularity. With Kevin Costner cast as the lead, John Dutton, the modern-day western has captivated the American viewing audience. With a storyline full of drama, family loyalty, and power grabs, each episode leaves the viewers anxiously waiting for the next episode. 

 

While there is no data on the impact the show has had on the popularity of the region. Real estate numbers and national park attendance seem to indicate the greater Yellowstone area has become quite popular. The Wall Street Journal recently named Billings as the No. 1 emerging housing market in the United States. The Gallatin Association of Realtors…

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This year we are recognizing projects, properties, or spaces around Bozeman that build community and serve as bright spots in challenging times. You can even nominate a neighbor or local business that you think deserves recognition for their service to the community during COVID.  

Nominate someone or a place here, Bozeman's Website

 

 

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Bozeman and the surrounding areas of Big Sky, Yellowstone and Paradise Valley have seen an influx of visitors who wanted to take advantage of our wide-open spaces, fishing, hiking, biking, camping and site-seeing in Yellowstone. Bozeman used to be a sleepy little cow town but has really hit the map in the last few months. We were experiencing a healthy growth for many years, with the market only seeing a downturn in 2008-2010 that everyone experienced.  The trend of the great western migration will continue as the uncertainty of cities continues, wildfires ravage the west coast and hurricanes beat up the southeast. 

With all of the demand to head west, we have been gifted three new direct flights. Charlotte, NC will start offering a direct flight in…

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Not at all,  the two main drivers of housing remain rock solid...the below article from Hotwire will explain what the 2 main drivers are and what to watch.

Today, existing home sales blew out estimates, coming in at 5,860,000. With new home sales, pending home sales, housing starts, housing permits, and purchase applications already in v-shape recovery mode, this last metric completes the v-shaped recovery across the board for housing.

Let’s just say this is the final nail in the coffin for the housing bear troll camps that were so sure that this time, housing would finally crash. COVID didn’t get the housing market, but it did pull a fast one on those pesky bears.




Look, I get it. For the casual observers of the market, it may seem intuitive…

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President Trump called on Congress to send him a bill that would fully and permanently fund the Land and Water Conservation Fund, which was established by Congress in 1964, and restore our national parks. On August 4, 2020, President Trump signed the Great American Outdoors Act into law, alongside bipartisan support from Senators Steve Daines and Jon Tester. It is being called

"The biggest land conservation legislation in a generation"

This funding is much needed to fix deferred maintenance at national parks, wildlife refuges, forests, and other federal lands, with $6.5 billion earmarked specifically to the 419 national park units. The number of visitors to the national parks system has increased by 50 percent since 1980, but the parks’ budget has…

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One Family's Choice

Mel Visser and his wife, Marge, recently finalized a conservation easement on their Manhattan property with the help of the Gallatin Valley Land Trust. The easement will protect the 779-acre land from fragmentation, development and non-agricultural commercial activity.

Montanans love their farms and ranches, so conservation is becoming more well-known and utilized for many reasons...protection of wide-open spaces is very important for one as development expands across the valley. With the recent Shelter in Place rule across the globe, more folks have flocked to the Rocky Mountains to seek more space and nature. It can take its toll on smaller communities and drive prices higher of land, development and housing.

To read the…

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 Have you heard of the Series, "Yellowstone" on Paramount featuring Kevin Costner? If you haven't yet, you are evidently missing out! Locals watched it knowing the some of it was not accurate like "being allowed to move a river or creek" to suit a landowner's needs while tourists are enthralled with the storyline, the scenery, and the actors- loads of drama. The TV show has been so successful that they have decided to move the filming from Utah to Montana permanently. The location will remain active through fall and will host approximately 40 full-time staff members. Up to 150 staff will be on-site for filming. There have been casting calls to start in August for those interested in being front and center with the cast should contact casting…

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Average 30-year mortgage rates dip below 3% for first time in 50 years

The average 30-year fixed-rate mortgage was reported at 2.98%, down from 3.03%. It's the first time the rate fell below 3$ since Freddie Mac began tracking weekly rates in 1971 BY PATRICK KEARNS | 

The average mortgage rate for a 30-year fixed-rate mortgage fell below 3 percent for the first time Freddie Mac began tracking weekly rates in 1971. The average 30-year fixed-rate mortgage was reported at 2.98 percent, down from 3.03 percent last week.

“Mortgage rates fell below 3 percent for the first time in 50 years,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “The drop has led to increased homebuyer demand, and…

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Congratulations to PollyAnna Snyder and Stacy Ossorio for their production and recognition by Newsweek!

Searching for your home sweet home can be daunting. The long list of "musts" and "wants" paired with limits of price range and location make it difficult to sort through the many homes listed for sale. The most successful realtors are the ones who alleviate your stress by showing that they have your best interests in mind: the ones who make you feel they are truly working for you.

That's why it's good to know which realtors have a record of success - especially in today's fluctuating housing market. Newsweek partnered with REAL Trends –the trusted source of news, analysis, and information on the residential brokerage industry since 1987– to sort…

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