My KALISPELL Real Estate Blog

Hello everyone!  I just wanted to touch on the rate cut yesterday.  The biggest rate cut from the Fed in one day in quite some time.  Mortgage rates are as low as 5% with a point buy down.  The market in the Flathead has seen many price reductions.  There are many loan programs still available to credit worthy borrowers.  Folks with a FICO above 700 can basically get into most all loan products today.

So, it's time now to look for investment property.  Prices are close to bottom and rates are at all time lows.  Take a look at some property. Give me a call.  I will be so glad to be of service.  Have a great week.  Joel

I just wanted to wish all a happy new year!  This is to be the best year for all of us.  Keep the intention.  We can't  lose.

Now is still  a great time to buy in the Flathead.  There's new inventory at the lowest prices I have seen in the past few months.

Canadians please take a look at all the great investments in the Flathead Valley.  Thanks everyone!!  Have a great week!

Hi everyone!  I just wanted to write a short blog regarding investing in real estate at this time.  Today is a great time to buy as I have stated before, especially for the investor who has some capital to put into rental property.

There are good buys out there if you are willing to commit to digging for them.  First of all, hire a great real estate agent who will commit to go the extra mile for you.  We can be a great resource at this time.  Typically most agents have a good pulse on the market.  There are sellers who really need to sell their property in these somewhat troubled times for various reasons.  Good buys on multi family units--four or more in one unit--make one of the best returns.

This is a win win situation, someone has to sell at a distressed price and you can pick up a great deal.  Banks, mortgage firms, escrow agents, in addition to real estate agents can help locate these properties most anywhere in the country now.

There are some good buys in the Flathead on four plex units and other multi-family housing.  For first time home buyers renting for awhile is a must until the market corrects a bit more on single family housing.  The rental market is very strong in the Flathead. 

So call your agent and put them to work for you.  More importantly, give me a call.  Thanks for reading.   Joel

Hello everyone.  I hope all is well.  I just wanted to write a note regarding the real estate market in the Flathead Valley.  Our area is certainly correcting as is much of the country at this time.  Prices are adjusting downward and inventory has crept up.  Basic supply and demand economics.  Inventory goes up and prices come down.

These are natural cycles in our economy and are to be expected.  Housing couldn't continue to increase at the rate it was for too long, just as the stock market couldn't continue to increase like it did in the "dot com" era. Everthing has a turn in our economy, real estate is just waiting in line for the next turn.  There has been much negative press regarding real estate and the mortgage industry.  Our population buys more newspapers when there are negative head lines.  Sad but true.  I will write another blog on this issue--stay tuned.

Please don't buy into all the negative press and what it has done to our economy.  For example, the figures regarding the "bad" loans out there are less than 3% in the sub prime lending area.  That's hardly higher than the norm over the past few years.

Our turn will come again soon for real estate to start picking up again.  Much like a burned forest blooming with new flowers and green plants.   It's all a part of life.  Not to worry.  This is a natural cycle.  Thanks for reading and enjoy your week.  By the way, it's a great time to buy!  Joel

I just wanted to wish everyone a Happy Thanksgiving.  We all have so much to be grateful for.  Take some time with your family and enojoy life!   I will be writing more soon.   Joel

Hello Everyone!  I just wanted to start out my blog with a bit of news on affordable housing.  I am committed to working on getting good housing choices for all who work and live in the Flathead Valley.  This is a big problem here as well as across the country.  Prices are adjusting downward and inventory is increasing which will help with affordable housing issues.

Ultimately, we need some cheaper dirt so developers and builders can build a home that can be purchased with governmental  programs such as FHA or MBOH money.   There are many programs available to individuals who are willing to educate themselves and work hard in order to ultimately achieve their dream of  home ownership.  It can be done.  We just need to keep learning.  In order for affordable housing to work we all have to work together.  I will update you on programs as they become available.  Thanks for reading.  Joel

Kalispell is a great place to live and more people are discovering it. Whether you are buying or selling Kalispell is a favorite. To learn about the Kalispell real estate market you can go to our Free Kalispell Real Estate Reports and News section to learn more.