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...

A price reduction reported on today’s Hotsheet on a 3-bed, 2-bath, 1,360-square-feet single-family home in Rafter J is a microcosm of how far values in this neighborhood have fallen. Now listed at $459,000, this home last sold in August 2007 for $600,000, which was $32,500 above the list price, after 67 days on market. In May 2008 it was relisted at $795,000, but did not sell after 371 days on market...

The first week of March saw a tremendous amount of activity in the Teton County Multiple Listing Service. Where to begin? After a final weekend of February that saw a small flurry of 3 strong property sales, there have been six sales since Monday for a total sales volume of $7.8 million. Six additional properties went under contract with list prices totaling $14.228 million. New listings, which have been...

Today’s Teton County Multiple Listing Service Hotsheet includes three closings that occurred on Friday for a total sales volume of $2.185 million. For the month of February, this makes 13 closings for a preliminary total sales volume of approximately $24.712 million**. Like January, February’s numbers will look pretty darn good compared to 2009, which was one of the worst first quarters in more than a...