My Teton Real Estate News

Daily Real Estate News | Friday, January 09, 2015 Borrowing costs moved even lower this week, with the 30-year fixed-rate mortgage averaging 3.73 percent, its lowest average since May 2013. “Mortgage rates fell to begin the year as 10-year Treasury yields slid beneath 2 percent for the first time in three months,” says Frank Nothaft, Freddie Mac’s chief economist. “Meanwhile, … Read More

Daily Real Estate News | Wednesday, January 07, 2015 The strengthening of the economy and the labor sector is prompting more young professionals to gradually return to the real estate market. Since the housing turnaround started in 2012, many first-time home buyers have been shut out, with a poor labor market and low wages forcing many young professionals to move … Read More

WASHINGTON (December 31, 2014) — Pending home sales slightly improved in November and are above year-over-year levels for the third straight month, according to the National Association of Realtors®. All major regions except for the Midwest experienced a slight gain in activity in November. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 0.8 percent to … Read More

Silver Star Communications is calling it the “Gigabiz Community,” and it’s a fitting title. On Monday, the telecommunications company announced that Tetonia, Driggs and Victor are now part of a network that will accommodate the fastest internet speeds in the world. The valley is now the 51st community in the world to be capable of delivering consistent speeds of 1 … Read More

Daily Real Estate News | Tuesday, December 16, 2014 Mortgage availability rose in November, showing signs that the credit box is gradually opening for borrowers, according to the Mortgage Bankers Association’s Mortgage Credit Availability Index. The index rose 1.2 percent to 114.6 last month; an increase in the index indicates the loosening of credit. “Credit availability increased in November, largely … Read More

People with a lot of money have continued to push the Jackson Hole real estate market in 2014 and in the third quarter, no matter what happened in any other segment of the market. The people at the NeVille Group — associated with Jackson Hole Real Estate Associates and Christie’s International Real Estate — sent me their recent stats and … Read More

The maximum homeowner’s exemption for 2015 will increase to $89,580, according to calculations by the Idaho State Tax Commission. The maximum exemption for 2014 is $83,920. The maximum exemption amount is based on the Idaho House Price Index – All Transactions, which is published by the Federal Housing Finance Agency. “The current index shows a 6.74 percent increase in house … Read More

Daily Real Estate News | Tuesday, December 09, 2014 Mortgage giants Fannie Mae and Freddie Mac announced Monday that first-time home buyers can now qualify for loans with down payments as low as 3 percent. That will expand credit for qualified home shoppers who may have been sidelined the last few years because of higher down-payment requirements, housing analysts say. … Read More

Daily Real Estate News | Monday, November 24, 2014 Mortgage financing giant Fannie Mae dropped its mortgage rate forecast for next year about two-tenths of a percentage points from its prior forecast, projecting 30-year fixed rates will remain lower than initially thought, at about 4.3 percent next year. This will cheapen the borrowing costs for home buyers and refinancers, helping … Read More

Forbes Magazine recently ranked the top 20 ski resorts in the USA for 2014.  They use an “algorithm” they call the Pure Awesomeness Factor (PAF).  Here’s how they break it down: “This year’s rankings: We spent a good deal of the summer greatly widening the data set we use to inform the PAF calculations. Our improved database includes more than … Read More