Real Estate Landscape - Northwest Montana

Local and national updates worth noting

Mortgage Savings? Look to Your Seller!

By Jay Crowley | Dec 21, 2023

Steep mortgage payments dampening your dreams of homeownership? A 2-1 buydown, plus a willing seller, could be your answer. What’s a 2-1 buydown? It’s a mortgage strategy that temporarily trims your interest rate during the early years of your loan, offering more manageable payments. It’s ideal for first-time homebuyers or those eyeing an income surge […]

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Taming the Blaze: Wildfire Mitigation in Northwest Montana

By Jay Crowley | Aug 4, 2023

It’s a warm, dry summer in Northwest Montana, and the parched terrain is riddled with tinder just waiting for a spark. As beautiful as our region is, it is equally susceptible to wildfires. While the occurrence of these wildfires is an integral part of the ecosystem, their frequency and intensity have been on the rise […]

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Pricing Your House Right Still Matters Today

By Jay Crowley | Jul 31, 2023

While this isn’t the frenzied market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now. That’s because the number of homes for sale is still so low. Data from the National Association of Realtors (NAR) shows 76% of homes sold within a month and the average saw 3.5 offers in […]

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Homebuyers Are Still More Active Than Usual

By Jay Crowley | Jul 27, 2023

Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill. In actuality, buyer traffic is still strong today. The ShowingTime Showing Index is a measure of how much buyers are touring homes. The graph below uses that index […]

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Tips for Making Your Best Offer on a Home

By Jay Crowley | Jul 26, 2023

While the wild ride that was the ‘unicorn’ years of housing is behind us, today’s market is still competitive in many areas because the supply of homes for sale is still low. If you’re looking to buy a home this season, know that the peak frenzy of bidding wars is in the rearview mirror, but you may still come up against […]

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Don’t Fall for the Next Shocking Headlines About Home Prices

By Jay Crowley | Jul 25, 2023

If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about prices. They’re basing their negative news by comparing current stats to the last few […]

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Foreclosure Numbers Today Aren’t Like 2008

By Jay Crowley | Jul 24, 2023

If you’ve been keeping up with the news lately, you’ve probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some uncertainty, especially if you’re considering buying a home. It’s important to understand the context of these reports to know the truth about what’s happening today. […]

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Explaining Today’s Mortgage Rates

By Jay Crowley | Jul 20, 2023

If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast. But, there’s one thing that’s historically a good indicator of what’ll happen with rates, and that’s the relationship between […]

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Renting or Selling Your House: What’s the Best Move?

By Jay Crowley | Jul 18, 2023

If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years. While a short-term rental can be a […]

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