As mentioned last week, Jackson Hole real estate activity is peaking for the year and producing research and writing specifically for Teton Realty Today is taking a back seat to serving clients. With that in mind, below is the latest economic information shared with me by my friend and client Dr. Ken Mayland of ClearView Economics. As the name of his business portends, he takes a hard look at the numbers...

It has been 10 days since my last post here at Teton Realty Today, easily the longest stretch of inactivity since beginning this site late last year. Why the lapse in content? It is certainly not for lack of focus on the latest real estate news, trends or research. Quite to the contrary, like most of my fellow real estate professionals I couldn't be busier or more invested in the Jackson Hole market in...

This week’s “Economic Report and Rate Sheet” from First Interstate Bank* reports another drop for 30-year fixed-rate home mortgages to a national average of 4.56 percent. “The rate marks yet another record low in Freddie Mac’s 39-year survey,” writes Patti Patterson, real estate loan officer with FIB here in Jackson Hole. “A year ago, rates for 30-year mortgages averaged 5.2...

While the overall Jackson Hole real estate market has seen resurgence in 2010 (at least compared to the anemic 2009), the lower end of the market has not participated. Earlier this week I wrote on jhpropertyguide.com about the ballooning inventory of Teton County homes listed below $300,000, which is at its highest point in several years with 34 available properties. On April 27 of this year that number...