First Time Home Buyers
More than 90 percent of economists think the recession is nearing its end, but they don't expect the economy to soar anytime soon.Nearly 75 percent of economists, surveyed by the National Association for Business Economics, say that the recession will end in the third quarter. Another 19 percent think the turnaround will come in the fourth quarter. The rest are betting on the first quarter of 2010.
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In recent weeks, Ted and Heather Fust have been driving around the Bozeman area, looking at the houses for sale.
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ERA Landmark notes beneficial changes in the American Recovery and Reinvestment ActIndividuals and couples contemplating the purchase of their first home have an opportunity to take advantage of a federal income tax credit that can help put them in the home of their dreams - and the incentive is even more attractive than before.
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The dramatic downturn in the real estate market is likely to end sooner rather than later in the Northern Rockies, according to new research from Arthur C. Nelson, Presidential Professor and Director of the Metropolitan Research Center at the University of Utah - and the I-90 corridor in Montana and the Snake River Valley in Idaho are especially well-positioned for renewed growth.
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Please view the slideshow below for the 2009 Housing Update from Scott Rickard Ph.D., MSU-Billings.
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Please view the slideshow below for information on Bozeman & Gallatin County Economic Recap from the Bozeman Chamber of Commerce.
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Trying to time the bottom of the market price-wise? Waiting to lock in on historically low interest rates at just the right time? Let’s face it, attempting to “read the tea leaves” of the real estate market is challenging. Developers, mortgage companies, and real estate professionals, among others, are once again wishing for a crystal ball for guidance in this ever-changing market.
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By GAIL SCHONTZLER Chronicle Staff WriterHome sale prices slipped in the Bozeman area in 2008 to a median of $308,850, a decline of $18,400 or 5.6 percent from the previous year, according to figures released by the Gallatin Association of Realtors.
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By GAIL SCHONTZLER Chronicle Staff Writer
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