About Gallatin County, MT

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

Wondering what is happening with the First-time Homebuyers $8,000 Tax Credit that is set to expire November 30, 2009? Congress is looking at some modifications of the existing program to change payback provisions for military personnel, including an extension of the 3 year limit for resale. Could this be an indication of a tendency to consider extension of the tax credit program? What do you think?

Read this article written by Kenneth R. Harney for RealtyTimes.com about the $8,000 tax credit changes.

"The first major change to the $8,000 home buyers tax credit began moving through Congress last week, giving hope to real estate and building groups pushing for extension of the entire program before it expires Nov. 30." ...

http://realtytimes.com/rtpages/20090921_washingtonreport.htm

Ray Atteberry
CRS, GRI, GREEN, Broker
Phone: (406) 556-5053
Send me an email

The City of Bozeman, Montana requires that if a person or entity plans to erect, enlarge, repair, move, alter, raze, improve, or convert a building or structure within the Bozeman city limits the person or entity apply for one of the many Bozeman building permits granted each year.

The Bozeman Real Estate Report contains information on the Bozeman building permit history since 2001.

Information on the site includes Belgrade, Three Forks and unincorporated towns in Gallatin County Montana.

Apply for a Bozeman building permit.

Taunya Fagan Prudential Real Estate in Bozeman

giving you the advantage...®

Good news for the local real estate market! Residential inventory in the Bozeman/Belgrade area is down! Fewer available homes on the market is the first step towards home price stabilization. The Belgrade area shows the most promise as the August 2009 inventory level is lower than it was in August 2006.

This is a good sign that the local real estate market is headed towards recovery.

Stay tuned with www.eralandmark.com/marketwatch to see what September’s statistics reveal!

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!