Realtor.com By: Chrystal Caruthers Mortgage interest rates rolled back to 2013 levels this week on disappointing housing and economic activity. The 30-year fixed-rate mortgage averaged 3.59% this week, down from 3.66% last week. A year ago this time, it was as high as 4.32%, according to the Freddie Mac Primary Mortgage Market Survey. “Mortgage rates […]
About David & Devon Viehman
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Ranked #1 Ski Area in the United States by Forbes Magazine, Three Years in a Row! Forbes Magazine uses the criteria of “Awesomeness” and Jackson Hole has come out on top three years in a row (2011, 2012 and 2013). Forbes ranking of Jackson Hole Mountain Resort highlights new lift improvements, great snow and our […]
If you’re getting ready to sell your home, you want to get the most money for your investment, right? One of the key factors that will sell your home is price, and having a sound pricing strategy is a must if you want to find the right buyer. Here are six common pricing mistakes all […]
NAR Annual Survey Reveals Notable Decline in First-time Buyers Media Contact: Adam DeSanctis / 202-383-1178 / Email WASHINGTON (November 3, 2014) – Despite an improving job market and low interest rates, the share of first-time buyers fell to its lowest point in nearly three decades and is preventing a healthier housing market from reaching its […]
There are many reasons to buy your first home, including dozens of financial benefits and lifestyle benefits. And right now, it’s a buyer’s market; interest rates are still low, hitting 4.34% for a 30 year fixed loan this month. According to the latest Trulia survey, 68% of Millennials are in the market for a home priced at $200,000 […]
US Tax Court Ruling Could Save Real Estate Trusts Millions According to an article on real-estate resource Inman News, the U.S. Tax Court recently overturned the IRS by ruling that a trust can qualify as a real estate professional, a decision that confers attractive tax benefits on trusts with significant real estate holdings. Now, qualifying […]
As many Jackson Hole locals struggle to buying their first home, nationally the percentage of home ownership is slipping too. In a May 21 article appearing in Roll Call, 2014 NAR President Steve Brown urged Congress to embrace policies that will stem the decline in middle class home ownership. “For decades, the purchase of a […]
More home buyers are bringing all-cash offers to the table. Recently reported in the Washington Post business section, nationwide almost 40% of all real estate transactions are being negotiated with cash offers. Here in Jackson Hole we tipped the scales back in 2010 and have seen over 50% of all transactions using cash at the […]
Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates easing slightly for the third consecutive week to remain at a six-month low. “Mortgage rates were little changed amid a week of light economic reports” says Frank Nothaft, vice president and chief economist, Freddie Mac. “These lower […]
The Jackson Hole Report is the most accurate and trusted real estate market report in Teton County, WY. We derive our statistics from a privately-maintained database that tracks every single sale, not just the ones reported through MLS. Ever since our market hit bottom at the end of 2009, sales have steadily increased, staring with Q1 2010 […]