Bozeman, MT

More good news for Bozeman's local real estate market! Residential inventory is down for the second consecutive month in the Bozeman/Belgrade area! Which means fewer available homes on the market. This is a positive step towards home price stabilization and real estate market recovery. The Belgrade area continues to show the most promise with a stead 23% decrease in inventory since 2008. Stay tuned with www.eralandmark.com/marketwatch to see what October’s statistics reveal!

*Data collected from all members of Gallatin Association of Realtors MLS.

ERA Landmark Residential Listings Comparison Graph - Market Stats

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If you are interested in more Gallatin Valley Real Estate Market Graphs and Stats, simply contact us and we'd be happy to share our wealth of knowledge with you!

Robyn Erlenbush CRS, GRI, CRB, Broker Owner

Phone: (406) 586-1321

Send me an email

Visit our Website: ERALandmark.com

If Bozeman residents were at one time hoping for their 15 minutes of fame and then falling back into obscurity, they will once again be disappointed. Recently, our area was featured and congratulated as a fine place to live in the October 2009 editions of both Entrepreneur Magazine and National Geographic Adventure magazine.

Entrepreneur Magazine included Montana State University and Bozeman is its Top 10 list which highlighted the benefits of towns teaming up with their local universities to help create unique entrepreneurial atmospheres where ideally college graduates would chose to stay after graduation and help to develop new economic opportunities. Montana State University (with a stated student enrollment of 12,764) introduced the Center for Entrepreneurship for the New West as part of the College of Business in 2001. Since its inception, over 250 students have worked with more than 40 firms in the Bozeman area for a total of over 10,000 hours of business analysis. It is a win-win situation in that companies benefit from the fresh perspectives and new skills that can be gleaned from the students, while forward thinking students start to obtain real world experience that preferably will entice them to stay in the area to work for local companies, or even found their own start up business.

Though showing improvement, the statistics are still in favor of “brain drain” as approximately half of MSU graduates are still leaving the state to start their careers. The other nine university-city combos include the University of Wisconsin-Madison and Madison, WI; the University of California-San Diego and San Diego, CA; Howard University and Washington, D.C.; Michigan State University and East Lansing, MI; DePaul University and Chicago, IL; the University of Colorado-Boulder and Boulder, CO; the University of Georgia-Athens and Athens, GA; and the University of Nebraska-Lincoln and Lincoln, NE. Each of these cities has worked hard to improve their economic viability by promoting biotech and research fields, melding science and business, and fostering entrepreneurial attitudes, among other things.

Read more about Bozeman, Montana.

Robyn Erlenbush
CRS, GRI, CRB, Broker Owner
Phone: (406) 586-1321
Send me an email

From HousingPredictor.com

The hottest buyers housing markets are places you may find comfort in the worst housing crash since at least the Great Depression. The top 10 buyers markets listed by Housing Predictor at mid-year are markets that aren't necessarily big arts and entertainment centers, mostly found in smaller communities. Amarillo, Texas takes the first position as the nation's top buyers market in 2009 with the highest likelihood of housing inflation over the next few years. Austin, Texas and Tucson, Arizona are the largest metro areas to be named to the list possessing the highest probability of growing through the recessionary economy over the next few years. As a high-tech hub, Austin will have what it takes to not only sustain the downturn but see home values inflate. All 10 markets hold the promise of prosperity in the near future. In the current economic environment there are few areas of the country that will see appreciation this year. The markets named here represent cities that are the most likely to experience housing inflation over the next few years, despite the downward economy and are the best places forecast to buy real estate to make a profit. The financial crisis dealt a severe blow to the national economy that will take many years to overcome. Unlike any other downturn in real estate since the Great Depression, markets have seen home values decline at record levels. Times have changed as a result, and real estate inflation will take years to return in most areas. Investing for the long term, considered to be 10 years or longer is the best protection for those who choose to take the risk. Listed from highest forecast appreciation to lowest.

Rank Real Estate Market

1. Amarillo, TX

2. Sioux Falls, SD

3. Biloxi, MS

4. Logan, UT

5. Bismarck, ND

6. Bozeman, MT

7. Baton Rouge, LA

8. Austin, TX

9. Casper, WY

10. Tucson, AZ

Bozeman, MT (Grassroots Newswire) September 28, 2009- People considering the purchase of their first home may be missing a valuable opportunity if they delay much longer, according to Robyn Erlenbush, local ERA® representative. The American Recovery and Reinvestment Act of 2009 included an enhanced First-Time Homebuyer Federal Tax Credit, a housing stimulus that provides a maximum tax credit of $8,000 for first-time home purchases.

"The credit is due to expire November 30, and given the time it takes to find a home, secure financing and close on a property, potential buyers should act without delay," Robyn Erlenbush said. However,Robyn Erlenbush points out that to be eligible for the tax credit, qualified first-time buyers must purchase and reside in the principal residence before December 1, 2009. Other eligibility requirements apply, including income limits, but individuals who exceed the limit may be eligible for a partial credit. Buyers should seek advice from a professional tax advisor for specific tax calculations.

Since its inception earlier this year, the $8,000 first-time homebuyer tax credit has brought 1.2 million new buyers into the market, 350,000 of whom would not have purchased a home without the credit, according to the National Association of Realtors® (NAR), a leading advocate for homeownership and housing issues.

"ERA Real Estate has joined forces with NAR and our other colleagues in the real estate profession to petition Congress to keep this recovery going by extending the tax credit through 2010," Robyn Erlenbush said. "Housing has traditionally led our nation out of economic downturns, and can do so again."

Robyn Erlenbush noted that, while there are industry efforts underway to extend the tax credit deadline for first-time buyers, and others to expand its scope to include move-up and repeat homebuyers and remove or adjust income qualifications, the outcome of the lobbying campaign is by no means certain.

"Consumers can assist in this effort by writing to their Senators and Representatives to tell them of the successes with the tax credit thus far, and urge them to extend it now," Robyn Erlenbush continued.

Read more here.

Robyn Erlenbush
CRS, GRI, CRB, Broker Owner
Phone: (406) 586-1321
Send me an email