Bozeman Area Happenings
How Much Time Do You Need To Save for a Down Payment?
Posted by Carrie Di Pilato on May 11, 2021 in
uncategorized
One of the biggest hurdles homebuyers face is saving for a down payment. As you’re budgeting and planning for your home purchase, you’ll want to understand how much you’ll need to put down and how long it will take you to get there. The process may actually move faster than you think.
Using data from the U.S. Department of Housing and Urban Development (HUD) and Apartment List, we can estimate how long it might take someone earning the median income and paying the med... read more
As you drive along S 19th Avenue you quickly become engulfed in spruce, fir, and pine trees, and to your right--a rushing stream; roaring with native Yellowstone cutthroat trout, Arctic grayling, and Brook trout. As you weave your way through the canyon and approach the reservoir you’ll begin to gaze at the sweeping views and understand the beauty that Montana has to offer--welcome to Hyalite Reservoir. This serene spot just 30 minutes south from the center of Bozeman, MT allows you to experience the sought-o... read more
Planning to Move? You Can Still Secure a Low Mortgage Rate on Your Next Home
Posted by Carrie Di Pilato on May 12, 2021 in
uncategorized
This year, mortgage rates have started to slowly climb above recent record-breaking lows. Many homeowners planning to move may feel like they’ve missed the chance to score a great rate on their next mortgage. In reality, there’s still time to secure a rate far below the historic norm. Here’s why.
After creeping up for seven consecutive weeks, average mortgage rates have dropped more recently (See graph below). With rates taking a slight dip over the past two weeks at the same t... read more
Sellers Are Ready To Enter the Housing Market
Posted by Cassidy Jimerson on May 28, 2021 in
uncategorized
One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy continues to improve and more people get vaccinated, more sellers may finally be in sight.
The Home Purchase Sentiment Index (HPSI) by Fannie Mae recently noted the percentage of consumer respondents who say it&rsq... read more
Should I Move or Refinance?
Posted by Carrie Di Pilato on May 21, 2021 in
uncategorized
The level of equity homeowners have is at an all-time high. According to the U.S. Census, over 38% of owner-occupied homes are owned free and clear, meaning they don’t have a mortgage. Those with a mortgage are seeing their equity skyrocket too. Every time real estate values increase, homeowners get a dollar-for-dollar gain in their home equity.
According to the first-quarter 2021 U.S. Home Equity Report from ATTOM Data Solutions:
“17.8 million residential properties in th... read more
