Bill Mercer

Re/Max Mountain Property

130 E. Main Street
Ennis, MT 59729

Cell: 406-581-5574   
Phone: 406-682-5001 
Fax: 406-682-3524

Housing Trends

August 2009

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National market update

Uptrend Continues in Pending Home Sales

Washington, August 04, 2009 Pending home sales are up for the fifth consecutive month, the first time in six years for such a streak, according to the National Association of Realtors®. More... Read more

Existing-Home Sales Up Again

Washington, July 23, 2009 Existing-home sales rose for the third consecutive month with inventory easing and home prices declining less sharply in June, according to the National Association of Realtors®. More...
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NAR Works for the Consumer

WASHINGTON July 23, 2009 – The following is a statement by National Association of Realtors® President Charles McMillan: "NAR and our 1.2 million members are pleased that the Federal Housing Finance Agency has instructed Fannie Mae and Freddie Mac to take action to clarify confusion over the new Home Valuation Code of Conduct for home appraisers implemented this past May. More...

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National housing indicators

Existing home sales ()

4.89 million units*

Existing home median price ()


Housing Starts ()

582,000 units*

New home sales ()

384,000 units*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

2nd Qtr 09


2nd Qtr 08


The homeownership rate (67.4 percent) for the current quarter was lower than the rate in second quarter 2008 (68.1 percent), but not statistically different from the rate in second quarter 2009 (67.3 percent).

New home sales

June 09


May 09


Sales of new one-family houses in June 2009 were at a seasonally adjusted annual rate of 384,000. This is 11.0% above the revised May 2009 estimate of 346,000.


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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time. Read more

Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. Read more

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Consumer tips & hot properties


Will There Ever Be a Better Time To Buy Real Estate In Our Lifetime?

When is bottom bottom? -When a family earning the national median income of $53,182 can afford nearly 75% of the current homes for sale ( More... Read more


Closing the Deal

There are a variety of things that can happen during "contract to close” to derail the process. While they may not halt the sale altogether, each can potentially cause lengthy delays and even escalate into a legal matter. Understanding some of the most common pitfalls can help you successfully close the deal. More...
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Yes … You Need an Inspection

Since the purchase of a home is probably the largest single investment you will ever make, it’s important to learn as much as you can about the home and the condition of the property before you buy. More...

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Virgin Island Vacation Home Bargains

If you have the money to spend, vacation home bargains are plentiful in the beautiful U.S. Virgin Islands. High-end estates are seeing prices slashed – such as a five-bedroom cliff-top villa on St. Thomas whose price dropped 22 percent to $3.695 million. Low-end deals are also ripe for the right buyer. More... Read more


How to Purchase Waterfront Property

Be sure to do your homework before you "jump in the water” and purchase a dream home or lot on a river, lake or ocean. Buying waterfront property has a unique set of considerations. Read more

Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.