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

December 2009

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National market update

NAR Survey Shows First-Time Home Buyers Set Record in Past Year

San Diego, November 13, 2009 First-time home buyers reached the highest market share on record during the past year, according to the latest consumer survey of home buyers and sellers. More...
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Existing-Home Sales Surge in Many States in Third Quarter, Metro Prices Moderating

WASHINGTON, November 10, 2009 Most states continued to experience rising existing-home sales in the third quarter, with prices moderating in many metro areas, according to the latest survey by the National Association of Realtors®. More...
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Tax Credit Extension a Positive Step Toward Sustained Real Estate Recovery, Say Realtors®

Washington, November 05, 2009 The National Association of Realtors® today commended the U.S. Senate and House of Representatives for passing a bill that includes an extension and expansion of the current home buyer tax credit as an important step in ensuring a real estate and economic recovery. More... Read more

National housing indicators

Existing home sales ()

6.10 millions units*

Existing home median price ()


Housing Starts ()

529,000 units*

New home sales ()

430,000 units*

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

National economic indicators

Home ownership

3rd Qtr 09


3rd Qtr 08


The homeownership rate (67.6 percent) for the current quarter was not statistically different from the third quarter 2008 rate (67.9 percent) or from last quarter's rate (67.4 percent).

New home sales

Oct 09


Sept 09


Sales of new one-family houses in October 2009 were at a seasonally adjusted annual rate of 430,000. This is 6.2% above the revised September 2009 estimate of 405,000.


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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


Football Legend Joe Montana's Tuscan Villa in Calistoga

Joe Montana, searched long and hard to find the perfect 500 acres on a hilly, forested expanse with year-round creeks and uninterrupted views in Calistoga, CA, to build his 9,700-square-foot Tuscan villa-style house. View beautiful photos...

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Let the IRS Help You Give a Home for the Holidays

Let Uncle Sam be your Santa Claus this year when you take advantage of the IRS Gift Tax ( "You and your spouse are each allowed to give gifts of $13,000 of money or property to as many people as you want, without triggering taxes for you or the recipients." More...
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7 Smart Strategies for Remodeling Your Bathroom

When planning a kitchen remodeling project, keep the same footprint, add storage, and design adequate lighting to preserve value and keep costs on track. More...
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12 Ways to Save Energy in Your Home Office

I bet you didn't realize how your power consumption increases with your office office. Most of us are happy to eliminate the commute and gas usage. Here are tips to cut your power consumption, lighting, and heating and cooling costs when you work from home. More...

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Homebuyer Tax Credit: What You Need To Know

Long-time homeowners and first-time homebuyers may benefit from a new federal tax credit when purchasing a home. Buy before April 30, 2010 to qualify. More...
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Existing Home Statistics

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