| ERA Landmark Market Watch |  | At a recent National Association of REALTORS® conference that I attended, there was good discussion about the tracking of home ownership rates. Though still near a 50 year low, there was a small upsurge in the last quarter of 2016. Many anticipate that the number would continue to increase if only inventory levels could as well.
The supply of available single family homes is still too low to keep up with current buyer demand, most notably in the West and the Midwest. This has led to a slowdown in pending sales in January for the first time in about a year. Buyers are essentially lining up for homes to purchase when they reach the market, while keeping rising prices and mortgage rates in consideration. According to Lawrence Yun, chief economist for the National Association of REALTORS®, "interest in buying a home is the highest it has been since the Great Recession."
Finding a better balance between this desire to find a home and the availability of a property which meets both criteria and budget is the key to a truly successful 2017. To quote Robert Dietz, chief economist for the National Association of Home Builders, "We can expect the multifamily sector to continue to stabilize and single-family production to move forward at a gradual but consistent pace in 2017." Construction permits nationwide increased 4.6% in January overall; however, the breakdown was due to a large increase in multifamily permits and a small drop in single family permits. |  | Stop by our Downtown Visitors Center to see our current display; The Keller Collection.
Jeff Keller, the owner of the Paint Factory in Bozeman, has put together quite an impressive collection of colors from nature; such as rocks, flowers, plants, leaves, and soils; and is working with Benjamin Moore, the paint manufacturer, to translate those colors to paint.
Keller has used several different modes to display the color samples. For example, he has pressed and framed the flowers and leaves; collected soil and rock samples in open containers; and has cataloged over 100 different plant and flower species and has bound them in beautiful, leather books. He plans to make prints eventually from the framed pieces, in order to make the works available to the public. Already, several people have stopped in to ask if the framed pieces are for sale, but Keller is not ready to part with his originals just yet.
Keller calls his work the "Keller Collection" and hopes to have the actual paint from his nature collection available in his store soon. | | ERA Landmark Featured Properties | | 161 McGee Drive | Bozeman | | $743,900 | MLS 218839 | | Revel in the views from this 4,343 SF custom home in Painted Hills. Soaring ceilings greet you in the living room, gas fireplace, spacious kitchen with breakfast area, formal dining plus an extra room for an office or TV room. Inviting master suite located on the main level with soaking tub, separate shower and large walk-in closet. Two bedrooms and a large family room upstairs. The unfinished basement provides extra space to add more bedrooms and another family room. Fenced back yard. 1.127 acres. | | 7 Wineglass Loop E. | Livingston | | $540,000 | MLS 219075 | | Totally renovated in 1995 with new addition completed in 2007. Wonderful old classic charm with upgrades where you want them, views from this home are stunning. Double attached garage has guest quarters above. Includes excercise room, hot tub and 21' X 15' pole barn. The quarter acre pond is perfect for swimming and paddle boarding. Only 4.5 miles from downtown Livingston and schools. | | 99 Limber Pine | Big Sky | | $725,000 | MLS 218749 | | Ready to move into one of Big Sky's favorite neighborhoods? This contemporary 3 bed/3.5 bath residence features an open floor plan with lots of light. Bedrooms and laundry are upstairs and each bedroom has its own bathroom. Stainless appliances in kitchen including a Jenn-Air range. Efficient wood stove in living room; built-ins throughout. Main level office could be converted into a fourth bedroom. 300 square foot insulated shop attached to oversized garage. | | 1 N. Salmonfly | Ennis | | $349,000 | MLS 218873 | | Great views from this top-quality, custom-built home in excellent condition. Has 2,080 SF, 3 BR, 2.5 BA, extra storage, wood stove, jacuzzi tub, covered deck & porch, 3-car garage/shop, mature landscsaping & gardens with irrigation ditch. High efficiency, low cost of living. Right off Hwy 287 N approx. 7 miles north of Ennis & near Ennis Lake. Taxes are based upon "low income" status and would not necessarily be the same for another owner. | |
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