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Highland, Christine and Bayne French
Whitefish, MT Customers
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Providing alternative real estate
services to clients and customers in the Flathead Valley
for over 20 years. We have hundreds of satisfied clients.
Our experience, Your advantage.
You get results, not excuses.
Our agents are paid based on your satisfaction with
the transaction. And you save when you sell and when
you buy, usually more than $5,000.
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Market Timing by Kent Lembke |
June 2008 |
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Is the real estate market down and the housing crisis intensifying?
According to a recent Wall Street Journal article,
the worst is behind us.
Of course they are referring to a nationwide scope not the Flathead Valley.
Our sales data for Northwest Montana seems to indicate a two year slowing.
For example total sold listings in March 2006: 371, March 2007: 249, and March 2008: 164.
Comparisons of most months in 2006, 2007 & 2008 show a similar decline.
The good news is that as prices fall, housing becomes more affordable in the Flathead.
Interest rates are staying low and incomes are growing (albeit slowly).
As a result, more buyers can afford to buy now including first time home buyers.
Prospective home buyers are asking: Will prices go lower? That’s anyone’s guess,
just like predicting the stock market. My thoughts are if you buy a home with a mortgage
and plan on staying in that home for 3 years or longer now is a great time to buy.
Trying to “market time” the bottom of housing prices is foolish if you want to own a home
and start building equity. Now is the time. Find a home you like at AmericaGoFish.com,
make an offer through America Interactive Real Estate and receive a rebate at closing.
Check out details on our website. - Kent
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Great Properties
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$79,500 • Kila
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$259,000 • Kalispell
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$1,200,000 • Whitefish
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$ 85,000 • Kila
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