News from the Knoff Group

Quarter 4 2016 SW Montana Real Estate Market Recap

As we near the heart of winter, let’s take a look back at the key real estate market metrics and statistics for the Bozeman, Belgrade, Big Sky and surrounding market for Quarter 4 2016. Key Metrics – Year over Year Comparison Quarter 4 2016 Southwest Montana Real Estate The Quarter 4 2016 real estate market …

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FHA Premium Cut Officially Reversed; Mortgagee Letter Already Out

Well, that was short lived…even buyers that were quoted their loans with the premium cut will have to pay full price. FHA Premium Cut Officially Reversed; Mortgagee Letter Already Out Jan 20 2017, 2:45PM As was being widely rumored yesterday, the newly installed Trump Administration has indefinitely suspended a scheduled reduction in the annual premium …

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Comment on Short Term Rentals – Bozeman

The City of Bozeman has just created a survey for public comment on short term rentals aka vacation rentals or VRBO/AirBnB rentals within city limits.  An ongoing hotbutton topic, there will be three live public comment sessions in addition to the survey.   Take the Survey HERE>> SHORT TERM RENTALS PROJECT WHY ARE WE CONSIDERING THIS …

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HUD Lowers FHA MIP by a Quarter Point | Realtor Magazine

Big news for FHA loans – still some work to do to make them more user friendly, but this is a big step. Mortgage insurance premiums on FHA-backed loans will be lower by 25 basis points on loans endorsed starting January 27, the federal government announced today. “After four straight years of growth and with …

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COLOR OF THE YEAR 2017 – Greenery

Fresh – revitalizing. Pantone has released their color of the year for 2017.  I gravitate towards greens and welcome this choice. Looking forward to seeing this in new construction and design for the coming year. Pantone announces 2017 Color of the Year – Greenery. A refreshing and revitalizing shade, Greenery is symbolic of new beginnings. …

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ski resort image

A Ski Resort Grows Under an Expansive Montana Sky – NYTimes.com

Big Sky is booming – while numbers in the residential real estate market were slipping a bit in 2016, the resort and town are doubling down on the tourism card to bring this resort market into the next realm…great article by the New York Times about how we’re expanding…. January 10, 2017 BIG SKY, Mont. …

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Mansion Image

No slow down for Luxury Real Estate Sales – Mansion Global

This is an interesting development – I don’t believe in ‘national’ real estate markets, but segments of the market, such as the luxury sector ($1M and above) can trend on a national level.  Perhaps there has been no slow down due to the booming stock market – perhaps due to strengthening sentiment about real estate.  …

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