Missoula real estate and homes for sale in neighboring communities. Anne Jablonski, Real Estate Specialist
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ANNE JABLONSKI   Broker/Realtor®<br />TONY JABLONSKI   Realtor®ANNE JABLONSKI Broker/Realtor®

(406) 546-5816 (Anne)
(406) 546-4079 (Tony)

Portico Real Estate
445 W Alder
Missoula, MT 59802

Your Real Estate Update

Your Real Estate Update

FEBRUARY 2018 - Making Missoula Home: A Path to Attainable Housing On January 30, 2018, Missoula Organization of REALTORS (MOR) released a 127 page report, detailing the status of our city and county, offering recommendations and an action plan.

MOR assembled partners from the private and public-sector to commission a study to analyse the housing and market conditions of Missoula, and provide recommendations for strategies to promote more housing affordability.  

As stated in this report, "Housing affordability is a rapidly growing issue for both renters and entry-level homeowners." Noting that in Missoula, there are "potentially as many as 6,000 renter households...that are aspiring homeowners. But there is little available housing priced to meet this demand and with increasing prices, few prospects to increase the supply meeting their needs in the future without direct interventions."

"42% of renters reported their housing doesn't meet their needs and that price and small size were the primary issues with existing rental housing." 

In this 127 page report, there are a number of recommendations and actions we in the city and county can do to create A Path to Attainable Housing, including the areas of regulatory environment, housing development, capacity building, program development, and funding; things such as create housing development incentives, proactive rezoning, targeting infrastructure development, form a housing advocacy coalition, and start a housing educational campaign. 

Bottom Line: There is a lot of work to do here in Missoula to achieve increased housing affordability, and preserve what affordability currently exists.  It takes a village! Please consider reading the full report, and becoming active in the solution.

Here's a link to the full report.

DECEMBER 2017 - The Cost of NOT Owning Your Own Home
Homeownership has great financial benefits, but is there proof it's better than renting?

Let's look at some of the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. 

  • Homeownership is a form of forced savings.
  • Homeownership provides tax savings.
  • Homeownership allows you to lock in your monthly housing cost.
  • Buying a home is cheaper than renting.
  • No other investment lets you live inside of it.
Studies have shown that a homeowner’s net worth is 44x greater than that of a renter.

Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment- along with a profit margin!!

Zillow recently reported, "In reality, buying or renting a home is an intensely personal decision, with emotional and even financial considerations that go beyond whether to invest in this one (admittedly large) asset. Looking strictly at housing market numbers, there is a concrete point at which buying a home makes more financial sense than renting it."

Bottom Line: 
Owning a home has always been, and will always be, better from a financial standpoint than renting.
November 2017 - Why Sell Now Instead of Later? The Buyers are Out Now

Supply is currently very low, and demand is high!
Each year, most homeowners wait until the spring to sell their houses because they believe that they can get a better deal during the normal spring buyer's market. However, recently released data suggests that a seller's best deal may be available right now. The concept of 'supply & demand' reveals that the best price for an item will be realized when the supply of that item is low and the demand for that item is high. Let's see how this applies to the current residential real estate market.

It is no secret that the supply of homes for sale has been far below the number needed for over a year. A normal market requires six months of housing inventory to meet the demand. The latest report from the National Association of Realtors (NAR) revealed that there is currently only a 4.2-month supply.
Supply is currently very low!!

A report that was just released tells us that demand is very strong. The most recent Foot Traffic Report (which sheds light on the number of buyers out looking at homes) disclosed that there are more buyers right now than at any other time in the last twelve months. This includes more buyers looking at homes right now than at any time during last year's spring market.
Demand is currently very high!! 

Bottom Line: Waiting until the spring to list your house for sale made sense in the past. This year is different. The best deal is probably available right now.

October 2017 - Most buyers search online for a home, and then hire a realtor to help them connect the dots...

The number one reason to use a realtor when purchasing is to help understand the process.

When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. And most importantly, get the home sold.  In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. 

We realize that technology has changed the purchaser's behavior during the home buying process. According to the National Association of Realtors' latest Profile of Home Buyers & Sellers, the percentage of buyers who used the internet in their home search increased to 94%.  However, the report also revealed that 96% of buyers that used the internet when searching for a home purchased their home through either a real estate agent/broker or from a builder or builder's agent

Only 2% purchased their home directly from a seller whom the buyer didn't know. Buyers search for a home online, but then depend on an agent to find the home they will buy (50%), to negotiate the terms of the sale (47%) & price (36%), or to help understand the process (61%). 

The plethora of information now available has resulted in an increase in the percentage of buyers that reach out to real estate professionals to "connect the dots." This is obvious as the percentage of overall buyers who used an agent to buy their home has steadily increased from 69% in 2001.

Bottom Line: If you are thinking of selling your home, don't underestimate the role that a real estate professional can play in the process.
REALTORREALTORCertified Residential Specialist®e-PRO®Equal Housing OpportunityAccredited Buyer RepresentativeAt Home With Diversity

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