This takes a look at the ethics, practices, purposes, professionalism and benefits of a Realtor and his/her business of serving others in the Bozeman area.

Tucked beneath the grandeur of Lone Mountain, Big Sky, Montana, is rapidly emerging as a premier destination for vacationers and investors alike. Known for its breathtaking alpine scenery and world-class skiing, Big Sky offers an intriguing blend of outdoor adventure and luxury accommodations. As more buyers explore opportunities to generate passive income through vacation rentals, understanding the unique dynamics of this high-altitude market becomes essential. This white paper dives into the Big Sky vacation rental landscape to uncover the key factors every investor should know.

 


The Geography of Big Sky: Lone Mountain at the Center

At the heart of Big Sky's resort ecosystem lies Lone Mountain. This towering peak anchors the entire ski and…

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FHFA Announces Maximum Conforming Loan Limits for 2019

Fannie Mae and Freddie Mac Baseline Limit Will Increase to $484,350

FOR IMMEDIATE RELEASE 11/27/2018

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019.  In most of the U.S., the 2019 maximum conforming loan limit for one-unit properties will be $484,350, an increase from $453,100 in 2018. 

Baseline limit

The Housing and Economic Recovery Act (HERA) requires that the baseline conforming loan limit be adjusted each year for Fannie Mae and Freddie Mac to reflect the change in the average U.S. home price.  Earlier today, FHFA published its third…

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 Some economy observers are pointing to 2018 as the final period in a long string of sentences touting several happy years of buyer demand and sales excitement for the housing industry. Although residential real estate should continue along a mostly positive line for the rest of the year, rising prices and interest rates coupled with salary stagnation and a generational trend toward home purchase delay or even disinterest could create an environment of declining sales.

Closed Sales decreased 4.0 percent for Single Family homes but increased 12.1 percent for Condo/Townhouse homes. Pending Sales increased 4.1 percent for Single Family homes and 4.6 percent for Condo/Townhouse homes. Inventory decreased 7.9 percent for Single Family homes and 20.3 percent…

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September - 2018

  M O N T A N A   L I V I N G      
                                                                                                          

Welcome to our newest addition! 

Engel & Völkers Bozeman | Livingston are proud to announce the addition of a new Engel & Völkers shop in Big Sky, and to welcome veteran brokers Stacy and Eric Ossorio, and REALTOR® Chelsie DuBois to our Engel & Völkers family! A European-based international real estate firm, Engel & Völkers provides a global network of distinguished real estate services to the popular and growing community of Big Sky.  Located in the “Biggest Skiing in America” this is the third…

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If you are wondering how everyone stays afloat in our beautiful state, this may answer your question...

"The percentage of Montanans whose main occupation is owning a business is the highest in the country. As of 2015, 10.2 percent of Montanans are their own boss, compared to 6 percent nationally."

Read the full article  and access the full report


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The U.S. Treasury Department has approved Montana's 25 Opportunity Zones as nominated by Governor Steve Bullock. 

In April 2018, Bullock nominated 25 areas of Montana for designation as an Opportunity Zone, after communities submitted proposals for consideration.

With the help of Prospera, the City of Bozeman was selected for an Opportunity Zone in May 2018. The Zone is a designated census tract south of Bozeman (along 19th/MSU) that is designed to provide tax benefits to investors. These Zones are new creations in the Tax Cuts and Jobs Act of 2017, and will act as an incentive for infill development. 

Contact us if you are interested in learning more...

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Anthony Hitt CommunityVoice Forbes Real Estate Council i Jul 6, 2018, 08:30am 11,562 views #DreamHome

Post written by Anthony Hitt
President and CEO of Engel & Völkers Americas, overseeing the European real estate brand's growth and operations in the Americas.

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For homebuyers today, luxury doesn’t necessarily equate to price point — often it is actually quite personal. Luxury can be more time at home with family, proximity to friends and loved ones, or convenience in terms of amenities and features.

What does this mean for real estate professionals?

It means that we too have to start thinking of luxury differently. Its definition is as unique as every client who walks through the…

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