Diane Beck's Real Estate Blog | Missoula, MT | Buy House, First Time Home Buyers, Housing Market

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Diane Beck

    GRI: Graduate REALTOR® Institute
    ABR: Accredited Buyer's Representative
    CRS: Certified Residential Specialist
    SRES®: Seniors Real Estate Specialist

Direct: (406) 880-7653

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Missoula Real Estate Market is Now in Recovery Mode

Posted by Diane Beck | on Thursday, July 2nd, 2009 at 1:24 pm
Category: Housing Market.
Tags: , , , ,

The real estate market is now in a “recovery mode” with many markets across the country seeing multiple offers, increased sales activity and some are low on inventory.

We are fortunate in Missoula, Montana that we have not experienced the huge devaluation of property values that they have in other parts of the country. Missoula has remained relatively steady with slight price adjustments in most price ranges. There are still great opportunities for
buyers getting in to the market, with low rates, First Time Buyer Tax Credit and, good inventory.

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Light at the End of the Tunnel…

Posted by Diane Beck | on Thursday, May 28th, 2009 at 1:40 pm
Category: First Time Home-Buyers, Real Estate Market.
Tags: , ,

The National Association of Realtors just hosted their first ever Real Estate Summit in Washington D.C. The list of speakers was impressive as 6,000 real estate professionals from all over the country attended NAR’s Mid Year Meetings. Keynote speakers include Former Representative Harold Ford, Jr. (D-Tenn.); political commentator Patrick Buchanan; Dr. Robert Reich, former U.S. Secretary of Labor; Shaun Donovan, U.S. Secretary of Housing and Urban Development; Dr. Alan Greenspan, Former Chairman of the Federal Reserve Board; and Sheila Bair, Chairman of the Federal Deposit Insurance Corporation. The term “seeing the light at the end of the tunnel” was used a lot over the 5 day period and it seems as though agents were upbeat about their respective markets. The exception is the Mid-West where job losses continue to climb and unemployment is at record levels.

It appears that real estate markets across the country are showing signs of recovery with an increase in pending sales, many “multiple offer” situations, and a lot of lookers. The $8,000 First Time Home Buyer Tax Credit seems to be really helping to revitalize markets across the country. For information on the tax credit, click here.

Missoula’s real estate market is showing an increase in activity in the lower price range (under $250,000) and some sales in the $250-350 range. We are definitely seeing the light at the end of the tunnel. There hasn’t been a better time, in my opinion, to buy a home. Interest rates are at historic lows, under 5%, and combined with the tax credit and a strong inventory, it’s a buyer’s market.

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Great Time To Buy a Home

Posted by Diane Beck | on Monday, April 6th, 2009 at 3:06 pm
Category: Buy Home In.
Tags: ,

The real estate market in Missoula is the best that I have seen for many years for buyers in the market place.  There is a large inventory of homes,  great interest rates and the new $8,000  tax credit that every first time home buyer should take advantage of.  This combination creates the “perfect storm” for buyers to get in to a home.   Even if you are not a first time buyer, rates under 5% won’t last long.

It is a great time to move up, downsize, or buy a second home.  With all issues related to the stock market, real estate remains a “safe haven” for investing your hard earned dollars.  Missoula’s market is listed as “One of the Top Markets in the country” according to Housing Predictor, an online source of information.  Stay tuned for more information.

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Market Recap

  • Avg. Sales Price: $246,977

  • Avg. Days on Market: 119

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