Real Estate Information Archive


Displaying blog entries 1-10 of 11

Awaking the Real Estate Market

by Tim Hart


Home markets are rebounding. That is the message that is being proclaimed all over the US. But as a cautionary note, there is still a long way to go. Freddie Mac’s 2012 Economic Outlook reports “The housing market is showing some signs of shaking off the depression-like conditions that have plagued it for much of the past few years. As if awakening from hibernation, housing starts and home sales moved to higher levels of activity.”

A primary factors helping the housing market get back on track is the drop in unemployment. Half of the recent increase is directly due to rising construction rates building rentals and multi-unit buildings. 

Source: “Freddie Mac: Economic Growth Expected to Stabilize Housing Market,” Dow Jones Newswires (March 28, 2012)

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8 Metros Where List Prices Are on the Rise

Buying Is Cheaper Than Renting in Nearly All Major Cities





NEW LISTING: Big Sky Montana, Dream Home Location

by Tim Hart


What a fantastic Meadow location. Easy access to everything, upgraded lighting, open floor plan, very well loved and maintained. Bedrooms are well sized, stackable washer and dryer convey in a split bath with dual sinks. This is a must see, and the association dues are some of the lowest in Big Sky at $285 per quarter plus $175 semi annually and no Big Sky dues. Click the picture to find out more!

Gallatin County is one of the fastest growing economic areas in the northern Rocky Mountains with a vibrant economy, an educated work force, a major research university, a thriving technology and manufacturing sector, plentiful cultural and outdoor recreational amenities, and is a short drive away from Yellowstone National Park. Check out these reasons to pack up and move to Big Sky

  1. Gallatin County was named as the best place in the Rockies for “healthy living and small business creation” in the recent The State of the Rockies Report Card.
  2. There are over 90 high-tech companies in Gallatin County–which is often referred to as the high-tech capital of the Northern Rockies.
  3. Big Sky’s Ophir school currently offers K-8. Morningstar Learning Center Preschool offers early education and the new Lone Peak High School services 9th-12th grades.
  4. Big Sky boasts the Biggest Skiing in America® and is consistently ranked in the top 10 best resorts in North America and the London Sunday Times ranked Big Sky in the top 10 resorts in the world.


by Tim Hart

Despite the doom and gloom of the past few years, there is a silver lining in the housing market! The good news is that today’s market offers unprecedented opportunities for homebuyers—if you understand today’s market and the new rules. After the explosion of bad decisions, overspending, and badly structured mortgage programs, the smoke has cleared to reveal a new market of real estate standards and practices that provides a safer, more secure and healthier climate for homebuyers and homeowners.

So why should you consider buying now? Let's go over my list of five great reasons:


Positive News, Real Estate Market is on the Mend!

by Tim Hart


Positive News, Real Estate Market is on the Mend!

99 real estate markets have made the Improving Markets Index for the month of March. See the full details of the Index HERE.

"With nearly 100 metros showing consistent improvement in local economic and housing conditions, more consumers are feeling confident enough to take advantage of the buyer's market this spring," says Kurt Pfotenhauer, vice chairman of First American Title Insurance Company. 

The 31 metro areas added to this month’s list are: 

  • Anchorage, Alaska
  • Little Rock, Ark.
  • Bakersfield, Calif.
  • Merced, Calif.
  • Washington, D.C.
  • Crestview, Fla.
  • Orlando, Fla.
  • Panama City, Fla.
  • Iowa City, Iowa
  • Evansville, Ind. 
  • Louisville, Ky.
  • Flint, Mich.
  • Holland, Mich.
  • Saginaw, Mich.
  • Springfield, Mo.
  • Jackson, Miss.
  • Burlington, N.C.
  • Charlotte, N.C.
  • Goldsboro, N.C.
  • Rocky Mount, N.C.
  • Glen Falls, N.Y.
  • Rochester, N.Y.
  • Columbus, Ohio
  • Dayton, Ohio
  • Altoona, Pa.
  • Charleston, S.C.
  • Spartanburg, S.C.
  • Sioux Falls, S.D.
  • Austin, Texas
  • San Antonio, Texas



What Clients Say About Tim Hart

by Tim Hart


"Just to give you heads up, even though this adventure is complete for you, I will ever now and then stay in touch and check in on you. I hope and pray that others will get to know how much of a heart you have and that your last name fits you beautifully. Jennifer (Owens) was great and we appreciate her being there in your place. Have a wonderful trip back to the states and I would love to hear how it went. Please stay in touch because you are a great friend that has touch our hearts greatly!!! Thank you so much!!!" ~Bruce and Diane

"his  last name fits him beautifully"

"I've known Tim professionally for five years. Tim is a very knowledgeable RE Agent with high integrity. I specifically sought him out for my most recent purchase in the Big Sky area and he was a great asset in our negotiation and purchase process. He did everything and more that we could ask our agent to do and provided terrific insight along the way. I highly recommend working with Tim for your Bozeman, Big Sky and Moonlight Basin real estate needs." ~Jeff

"As a first-time home-buyer and single woman, I entered into the process of selecting a dwelling with a lot of trepidation.  Unsure of the wisdom of purchasing a home at this time in my life, the ins and outs of financing, and the actual specifications that were important to me, I was blessed to work with Tim Hart as my realtor.  Tim not only walked me through dozens of homes, but he also walked me through the cumbersome process with a perpetual smile on his face, recommending mortgage financiers and inspectors, knocking on neighbors’ doors for insider information and calling the city to discuss zoning, wriggling through crawl spaces and testing fence stability.  Tim not only took the time to know the places we were touring, but he took the time to know me, my family, and our needs and wants.  He met us where we were, slowing down the search when we were busy, and quickening it when we had a few free days.  He discussed affordability and encouraged us to look at a house that would still allow us to continue with our lifestyle, instead of pushing us towards the biggest we could afford.  He listened to voiced and unvoiced concerns and opinions and quickly and accurately narrowed the search with criteria that I hadn’t even noticed I had. However, most of all, Tim became our friend.  He called to check on us when times became tough, prayed over the house with friends the day we closed, and followed-up numerous times in the months following our move.  At the end of this process, not only did I end up with the perfect home for my family, at a fair and affordable price, but I gained a friend and brother-in-Christ; someone who still cares to ask how work’s going, whether I finished the book on my coffee table, and what runs we skied on Saturday." ~Jessica


Two Highest Impact Age Groups: Seniors & Young Adults

by Tim Hart

Baby Boomers” and Echo Boomers” are the two demographics of the population that are foreseen to have the greatest impact on real estate trends over the next 20 years. In a new report released by the Bipartisan Policy Center, “Demographic Challenges and Opportunities for U.S. Housing Markets,” researchers at the National Association of REALTORS®, The Urban Institute, and the University of Southern California analyze key demographic trends and their likely influence on housing and homeownership in the United States. 

Why you may ask? Baby Boomers are increasing the nation’s senior population by 30 million. This shift will increase the supply of housing on the market due to the elderly selling homes more than they tend to buy.

Contrasting that trend, the “Echo Boomers” include 65 million people born from 1981 to 1995 who will increase their demand for housing inversely to the “Baby Boomers” decline.

“The Northeast and Midwest are most likely to see a large number of older home owners selling their homes to younger home owners as the baby boomers age,” says NAR Chief Economist Lawrence Yun. “This increased supply could mean additional buying opportunities for Echo Boomers. That generation will absorb 75-80 percent of the available inventory of owner-occupied housing by 2020.”

To Read More Click HERE


Government Reduces Foreclosure Inventory

by Tim Hart


In 2011, the government cut the foreclosure inventory by half. “From the end of 2010 to 2011, Freddie Mac, Fannie Mae, and the Department of Housing and Urban Development saw a 49 percent reduction in the number of REO properties it owns. The three government enterprises held about 150,700 properties as of Dec. 31, 2011, compared to 296,000 at the end of 2010.”


Who Decreased By How Much?

HUD: Reduced foreclosures by 32,000, a 47% decrease.

FANNIE MAE: Decreased by 118,000, 27% of its total inventory.

FREDDIE MAC: Dropped 16% of REO inventory, 60,500 compared to 72,000 in the prior year.


Read More

NAR: REO Rental Programs Largely Unnecessary

Determining the Speed of Foreclosures

Source: “Government-held REO Halved During Robo-Signing Freeze,” HousingWire (March 9, 2012)


Americans Show Signs of Being Optimistic

by Tim Hart


Fannie Mae’s National Housing Survey reports American’s concerns are subsiding. Now that the job market is on rebound, the overall feelings about the economy and transversely the housing market have more and more confidence behind them.

“The pickup in the pace of hiring over the past few months has helped soothe consumer concerns, lifting their moods regarding their personal finances, the direction of the economy, and their views on the housing market,” says Doug Duncan, chief economist of Fannie Mae. “As a result, we’ve seen more potential for economic upside, creating a more balanced near-term outlook.”

Read More:



Price Appreciate: Top 5 Markets

by Tim Hart



Stabilizing is a word being thrown about to describe the current housing market. CoreLogic has found the following five states to go beyond ‘stabilization’ to price appreciation:

  • South Dakota: 5.7%
  • North Dakota: 4%
  • West Virginia: 4%
  • Montana: 3.6%
  • Michigan: 3%

The average price change recently recorded was a drop of 3.1% as compared to the above five markets and their price increases. In fact, Illinois’s market was down 8.7%. Blessed to be a Montanan—always. 

Source: “Home Prices at Levels of 10 Years Ago: CoreLogic,” HousingWire (March 7, 2012)


Short Sales Continued Growth

by Tim Hart


Banks are changing their attitude on the infamous distressed sales by being more willing to agree to sale at a lower cost than ahome owner’s mortgage balance. This will ultimately avoid the property from shifting to the status of foreclosure for then the property becomes more costly for the lender.  The trend banks are taking to do more short sales is likely to “show up in more local markets in 2012 as lenders recognize short sales as a better option for many of their non-performing loans," said RealtyTrac CEO Brandon Moore.

To Read More Click Here

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Displaying blog entries 1-10 of 11