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Judy Kivela
Broker/Owner
    Years of Experience: 26

    CRS: Certified Residential Specialist
    GRI: Graduate REALTOR® Institute
    CDPE Certified Distress Property Expert, SRS
    WHS: Workforce Housing Specialist

Direct: (406) 491-5777

Office: 406-491-5777



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Kivela Montana Realtors
3100 Harrison Avenue
Butte, Montana
406-491-5777


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2010 Trends for Butte Homes

Saturday, February 6th, 2010

Even though it may sometimes seem like it, home building and design trends are not conjured up using a crystal ball. They are the result of surveys, observations, lifestyles, socioeconomic issues, entertainment, technology, and most importantly, the needs and desires of buyers.

Here are some of the national and Butte homes trends to expect in 2010.

Green is growing.

A study conducted by Burst Media in late December, 2009, found that 90 percent of Web users surveyed have incorporated some aspect of going green into their lives, and overall, they are willing to pay a premium for environmentally friendly products.

Homes are getting smaller.

For 2010, home builders say they will focus on lower-priced and smaller homes. More than 95 percent of home builders surveyed by the National Association of Home Builders (NAHB) in January said that was the way they saw their businesses evolving.

Single-story homes are in.

Because of the rise in homebuyers who are 55 years of age and older, more single-story [Butte] homes are being purchased. According to NAHB, barely over half of new homes today are built with two stories or more. Two-story homes peaked at about 55 percent of the market in 2006.

Lower cost, more practical homes are being purchased.

In an attempt to respond to consumer demands for practicality, as well as hold the line on prices, home builders surveyed by NAHB are most likely to include these features as standard in their houses this year:

  • Walk-in closets in the master bedroom
  • Laundry rooms
  • Insulated front doors
  • Great rooms
  • Energy-efficient windows
  • Linen closets
  • Programmable thermostats
  • Energy-efficient appliances and lighting
  • Separate shower and tub in master bathrooms
  • Nine-foot ceilings on the first floor

Here are the features builders said they are least likely to add to houses in 2010. You’ll notice a lot of the items being eliminated are luxury features, as builders try to lower costs.

  • Outdoor kitchens
  • Outdoor fireplaces
  • Sunrooms
  • Butler’s pantries
  • Media rooms
  • Desks in kitchens
  • Two-story foyers
  • Multiple shower heads in the master bath
  • Smaller kitchens

Want to buy one of the new Butte homes in 2010? Call me today at 406-491-1234 or email me at judy@montana.com to get started.

Links:

Study conducted by Burst Media

http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=120962

National Association of Home Builders

http://www.nahb.org/

Energy-efficient windows

http://www.efficientwindows.org/

2010 Forecasts for National and Butte Real Estate Are In!

Monday, January 4th, 2010

From national and Butte real estate to the U.S. economy, the predictions for 2010 are in. Like any predictions, they vary from somewhat bright and cheery to doom and gloom:

CNBC’s Realty Check predicts:

  • the beginning of a housing market recovery mid-year
  • higher foreclosure inventory
  • rising mortgage rates, probably leveling off around six percent.
  • suffering commercial real estate

The National Association of REALTORS®’ (NAR) chief economist is projecting:

  • A sustainable recovery. The tax credit expansion will help to relieve extra housing supply through mid-2010.
  • A rise in existing home sales. The NAR is expecting existing home sales to rise as high as 5.69 million, even with continuing unemployment issues. That’s a 13.6 percent increase.

In fact, the U.S. forecasts for national and Butte real estate are overall positive for 2010.

Housing Predictor, one of the first places to predict the wave of foreclosures, also forecasts positive numbers for 2010. They anticipate rising home sales, market improvement and even value appreciation for some places. Again, the magic period for the start of stabilization is the middle of the year.

Although no one knows for certain what will happen in the future – especially for such struggling sectors as national and [city] real estate – we can all gain a little hope from the 2010 forecasts. There is one thing that is fairly well agreed upon according to these predictions: there will be a real estate recovery in 2010.

If you’re struggling to sell your home, I can help. Call me at 406-491-5777 or email me at judy@montana.com for more information.

Realty Check

http://www.cnbc.com/id/34110130

Existing home sales

http://www.realtor.org/press_room/news_releases/2009/11/hopeful_leading

Housing Predictor

http://www.housingpredictor.com/better.html

Butte Housing Market: Unemployement Up

Saturday, November 7th, 2009

The Labor Department says the number of newly laid-off workers filing claims for unemployment benefits fell last week to the lowest level in 10 months, but companies are reluctant to hire and economists expect the unemployment rate will tick up to 9.9 percent when October’s figure is reported Friday. The jobless rate hit a 26-year high of 9.8 percent in September.  First-time claims for jobless benefits fell by 20,000 to a seasonally adjusted 512,000. That’s better than economists’ estimates of 523,000. The four-week average, which smoothes fluctuations, dropped to 523,750, its ninth straight decline. That’s 135,000 below the peak for the recession, reached in early April but well above the 400,000 that will signal job creation.  Another 4.1 million people claimed extended unemployment benefits in the week ended Oct. 17, the latest data available, an increase of about 100,000 from the previous week. Congress has added 53 weeks of emergency aid on top of the 26 weeks typically provided by states.

Market Recap

  • Avg. Sales Price: $102,209

  • Avg. Days on Market: 119

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