Tag: housing market

Updates on Local Housing Market Stability

The local housing market has been on a rollercoaster ride, but recent trends suggest it's gradually finding its footing. According to a report from the Gallatin Association of Realtors, while prices remain high, there are promising signs of stability. The report covers various property types, including single-family homes, condos, townhouses, manufactured homes, and vacant land. […]
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The Importance of Understanding Property Taxes in Real Estate

Property taxes are an important part of real estate that all investors and homeowners should understand. Local governments pay these taxes on property values, which can have a considerable impact on affordability and investment potential. Property taxes are essentially taxes levied on real estate properties based on their assessed value. Local governments use these taxes […]
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Mortgage Rates Just Went Up to Their Highest Point This Year, Signaling a Potential Trajectory Ahead

The latest data shows mortgage rates have hit their highest point this year, reaching 6.77% for a 30-year fixed-rate home loan. This increase could be a result of the Federal Reserve's actions to combat inflation, which could keep mortgage rates elevated for a while. This might slow down the spring homebuying season. However, it's important […]
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Common First-Time Home Buyer Mistakes and How to Avoid Them

Buying your first home can be an exciting yet overwhelming experience. As a first-time homebuyer, it's crucial to equip yourself with the necessary knowledge to make informed decisions and avoid common pitfalls. In this blog, we will explore some of the most frequent mistakes made by first-time homebuyers and provide insights on how to steer […]
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A Guide to Navigating the 2024 Real Estate Market

Welcome to a promising year in real estate – 2024 unfolds with exciting possibilities for both seasoned investors and newcomers to the property scene. Staying ahead of the game requires a grasp of the latest trends shaping the U.S. real estate landscape. Growth and Diverse Opportunities in the Housing Market This year showcases a substantial […]
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The End of an Era: George Norman Trailer Court Faces Uncertain Future

Inevitable reality: a Big Sky legacy is for sale with the George Norman Trailer Court in the Gallatin Canyon  By Jack Reaney STAFF WRITER  The George Norman Trailer Court, a longstanding fixture in Big Sky, Montana, is now up for sale, leaving its residents in a state of uncertainty. This affordable housing community, with a rich history […]
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The Housing Shortage Hits Crisis Levels: A Deep Dive into the Challenges and Impact on Homebuyers and Sellers

The Housing Shortage Hits Crisis Levels: What Homebuyers, Sellers Need To Know Before Making a Move By Clare TrapassoJul 25, 2023 The United States is facing an unprecedented housing shortage, and the situation shows no signs of improvement. As the supply of homes for sale dwindles, prices have soared in recent years, leading to intense […]
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January Market Update

Happy New Year, I am so thankful to live in our beautiful Bozeman area community. It’s no surprise that lots of people enjoy living here, and when they come, they stay. This is quite apparent in our local real estate market numbers for the end of 2022. Many Gallatin Valley homeowners just aren’t wanting to […]
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