In a story titled "Where to Find the Money" out this weekend in Wall Street Journal, Bank of Jackson Hole is cited as an example of a lending institution that is not hesitating to take on mortgages to qualified borrowers. While consumer lending fell nationally by 3.8 percent in 2009, BOJH saw consumer lending rise by 34 percent. The article offers one possible reason: "Smaller lenders and credit unions...
Market statistics
While I have already discussed January sales numbers in this Teton Realty Today post, this week my brokerage, Sotheby’s International Realty in Jackson Hole, provided a more complete roundup of the month’s sales as well as a thorough analysis of the year 2009. (I also covered 2009 more superficially in this post.) I am happy to pass along this 56-page presentation as a PDF to anyone interested. It...
As prices for Jackson Hole real estate have fallen in the past year, sales of building sites have decreased dramatically. In general, better deals on existing homes have been more attractive than buying land and building. But there will always be those more interested in designing and building a home themselves. And while Teton County is quite famously comprised on 97 percent public lands that cannot be...
In addition to the research I do for my clients, I receive regularly the research of other professionals with a keen interest in Jackson Hole real estate sales such as local bankers, title companies and other Realtors. My thanks to everyone who takes the time to pass along what they know so I can enhance the service I provide. When it comes to news, trends and statistics related to the national real...