Posts Tagged ‘Housing Bubble’

So, the local house-selling industry acknowledges that condos aren’t selling. Ya think?   And, by gosh, something’s got to change!
Federal restrictions have backed banks away from making loans to condominium builders and buyers. At the same time, some industry professionals want to make it easier to build smaller homes. The regulations that need to be [...]

Okay so this story is from Sunday but hey, I’ve been busy.  It seems Ravalli County has been especially hard-hit by the housing crash.  Meaning, they had a helluva housing bubble going on until 2007.
The county planning department received just eight subdivision requests last year for a total of 56 lots on 81 acres. Compare [...]

Where better to find one than on craigslist?
Hmmm, looks like it’s just west of the Wye by Jellystone RV Park. It’s along Interstate 90 and adjacent to the Gallatin Estates development approved by the County Commissioners just last April.
Ah, here it is: O’Keefe Ranch Estates, approved back in the heady days of 2005. [...]

We revisit a condo conversion on West Pine, formerly the Highland Apartments.   Shown here in January 2008. The work seemed to go on for a year, then the units came on the market at just the wrong time.  I revisited in October 2008.  Now they are for sale by owner and no longer show [...]

Sound familiar?
…Japan, Inc. didn’t recover. Instead, it went into a long, drawn-out recession that lasted year after year…with on-again, off again deflation…and several stock market rallies. Each time stocks rallied, they fell again. Each time the economy began to grow…along came another setback. This continued for the next 20 years…until March of this year…when Tokyo [...]

Snake eyes.
A simpering end to the local equity-locust-fueled RE bubble.  It was always a gamble, eh?
What else we got?

It appears to be quite widespread.

Yesterday Calculated Risk pointed out the flaw in a lame attempt to disassociate house inflation from the rampant consumption that went bust last year. The survey purported to show that house price inflation didn’t have all that much effect on spending; no, no it’s not all that.
There are two parts here: 1) how do [...]

Unlike all that bad stuff going down in Billings, the Missoulian informs us that Missoula is doing just fine, thank you.  No credit crunch, no bank runs.  Things will bounce back next Spring.
The local economy here is stable where other parts of the country are not because Missoula banks did not get caught up in the [...]

Just in: Doug Armknecht’s 2008 Billings and South-Central Montana housing market video.  It’s 30 minute long and has lots of good info.  Doug is a Housing Bubble Blog fan like me and he has been studying the local and state market for a few years now.
Uncovered: evidence of flippers and specuvestors in Montana!
I highly recommend you [...]