Friday, December 15, 2017 / by Olivia Martin
With 13.2% of Livingston’s total population (last estimated in 2016 at 7,401) in poverty, the addition of an affordable housing development would greatly benefit citizens who are currently working and earning lower wages.
How is This Problem Being Addressed?
Over the next 10 years, the Montana Board of Housing has assigned $27 million in credits to help fund affordable housing projects not only in Livingston, but in Billings, Butte, Kalispell and Lewistown as well. Homeword, Inc., a Missoula-based, non-profit affordable housing developer, has been awarded $5.8 million in tax credits to transform the old Livingston Memorial Hospital building into 34 studio, one- and two-bedroom apartments.
The new apartment complex, Bluebunch Flats, is named after Montana’s official state grass, Bluebunch Wheatgrass. In keeping with Homeword’s mission of sustainability, hospital rooms in the existing Memorial Hospital building will be renovated and converted into individual apartm ...
Monday, December 4, 2017 / by Olivia Martin
Inventory of homes for sale is tight and as a result, months of supply is low. With so many homes not remaining on the market for long, sellers have the advantage over buyers in that they have a much higher chance of obtaining top dollar for their home. While this information isn’t new, you may be surprised to learn that generational trends play a huge role in today’s housing market, particularly amongst the buyer population.
Who’s Buying the Most?
Different generations have different home buying tendencies and patterns. In 2016, Millennials/Generation Y (ages 36 and younger) represented 35% of all homebuyers across all other generations. This year, that number is down to 34%— still the largest share of home buyers. Of these buyers, 66% were also first-time home buyers. Generation X (ages 37-51) represented 28%, Younger Baby Boomers (ages 52-61) represented 16%, Older Baby Boomers (ages 62-70) represented 14%, and the Silent Gene ...
Wednesday, November 22, 2017 / by Olivia Martin
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Friday, November 17, 2017 / by Olivia Martin
What Does Growth Look Like Around the U.S.?
It comes as no surprise to many of us that owning a home can be an expensive venture. Factor in HOA fees, interior appliances/materials, miscellaneous maintenance costs and everything in between, and it’s easy to see why being a homeowner can appear to be daunting to some.
Although home prices grew 5.6% last year, this is only determined when comparing dollars to dollars. If this statistic is adjusted for inflation, this increase is still actually 15% below the high that occurred in 2006. Of the country’s 100 largest metro areas, only 41 grew to new peaks, even though 97 of these 100 metro areas did see overall home price growth. Overall, housing markets on both the West and East coasts have experienced inflation-adjusted home price increases of more than 40% in the last 16 years, while markets in the Midwest and South have generally experienced decreases.
However, growth has not been the same across all income levels. After Ha ...
Tuesday, November 7, 2017 / by Olivia Martin
While the overall design for Bozeman’s 2nd high school has been approved, the actual design drawings will be completed sometime this month, at which time the School Board will take its final vote on the design. Previously, we had learned that the design was modern and sleek, with elements of brickwork, black metal cladding and an all-glass entryway incorporated into the plans. Only small modifications to this design have been made by Building Committee members, which include using traditional red brickwork rather than the originally proposed grey, and using white instead of purple for the triangle outside the main entry.
The Annie Street Issue
City staff members are in favor of the school district building Annie Street east-west, which would cut through the middle of the property where the high school will be constructed. This expense is estimated at $800,000, and would require students to cross a city street in order to reach the playing fields. While the school conducted a t ...