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

September 2016

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National market update

Existing-Home Sales Soften Further in August

WASHINGTON (September 22, 2016) — Existing-home sales eased up in August for the second consecutive month despite mortgage rates near record lows as higher home prices and not enough inventory for sale kept some would-be buyers at bay, according to the National Association of Realtors®. Only the Northeast region saw a monthly increase in closings in August, where inventory is currently more adequate.

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Preparing Your Home for Autumn

It’s almost time. Sigh. Summer is drawing to a close, like it or not.
Before the leaves fall and the wind turns chilly, it’s a good idea to do some seasonal maintenance on your home. Here are some things to add to your fall "honey-do”.

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National housing indicators

Existing home sales (August)

5.33 millions units*

Existing home median price (August)


Housing Starts (August)

1.142 millions units*

New home sales (July)

0.654 millions units*

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

National economic indicators

Home ownership

2nd Quarter 2016


2nd Quarter 2015


The homeownership rate of 62.9 percent was 0.5 percentage points (+/-0.5)* lower than the second quarter 2015 rate (63.4 percent) and 0.6 percentage points (+/-0.5)* lower than the first quarter 2016 rate(63.5 percent).

New home sales

Aug 2016


July 2016


Sales of new single-family houses in August 2016 were at a seasonally adjusted annual rate of 609,000. This is 7.6 percent (±10.7%)* below the revised July rate of 659,000, but is 20.6 percent (±14.8%) above the August 2015 estimate of 505,000


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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


Top 10 In-Demand Neighborhoods Across the U.S.

We homed in on the ZIP codes that are seeing the most real estate action these days and found that good value is the secret of their success.

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9 Home-Buying Myths You Need to Stop Believing Immediately

When buying your first home, you're going to get advice from everyone. Be wary: These real estate tall tales can derail your search.

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Homeowners’ Worst Renovation Blunders (Are You Guilty of Any?)

Homeowners 'fess up to the mistakes they made when remodeling—so you won't accidentally do the same.

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How to Stage Your Home While Living in It (Without Losing Your Mind)

A staged home is meant to look pristine and move-in ready for buyers. How do you get that look while living your life?

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Where You're Most at Risk of an 'Act of God'

Think you're safe from a tornado on the coasts? Think again! We dug up decades of data on earthquakes, hurricanes, and more.

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Existing Home Statistics

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