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Bozeman Symphony

ERA Landmark loves supporting the Bozeman Symphony and you should too! Be sure to stop by our downtown office at 8 E. Main, this Friday, October 28th. from 4pm - 6pm to get your Symphony Rush Tickets!

Thinking You Should FSBO? Think Again

Some Highlights: 

According to NAR's Profile of Home Buyers & Sellers:

  • 88% of buyers look for their new home online.

  • Using a real estate agent can net you $39,000 more than FSBO'ing.

  • There is a long list of people that you will have to negotiate with when you decide to sell your home, using an experienced professional can help ease the process.

Online Resource: http://www.simplifyingthemarket.com/en/2016/06/24/thinking-you-should-fsbo-think-again-infographic/?a=81406-bd55db17953762fc3b0b739e9aae4c70

 

Where Are Home Values Headed Over the Next 5 Years?

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

The prediction for cumulative appreciation slowed slightly from 25.0% to 24.7% by 2020. The experts making up the most bearish quartile of the survey are still projecting a cumulative appreciation of 9.9%.

Bottom Line

Individual opinions make headlines. We believe the survey is a fairer depiction of future values.

Online Resource: http://www.simplifyingthemarket.com/en/2016/05/24/where-are-home-values-headed-over-the-next-5-years/?a=81406-bd55db17953762fc3b0b739e9aae4c70

Renting vs Buying: What Does It Really Cost?

Some Highlights:

  • The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent.

  • Buying costs are significantly less than renting costs.

  • The percentage of income needed to afford a median priced home is less than the historic norm.

Online Source: http://www.simplifyingthemarket.com/en/2016/05/20/renting-vs-buying-what-does-it-really-cost-infographic/?a=81406-bd55db17953762fc3b0b739e9aae4c70

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