economy: Missoula Real Estate - Rosy Compared to the Rest of the Country - 03/08/09 07:49 AM
Last week, the Missoula Organization of Realtor's (MOR) released their 2009 Missoula Housing Report, and the results are, well not so bad, especially when compared to the rest of the country.
According to a story that aired on Missoula's KPAX,
"There is no doubt that Missoula is experiencing a slowdown in the housing market as from 2006 to 2008 there has been a 40% decrease in total home sales. Meanwhile, foreclosure rates reached all time highs in 2007 and they increased in 2008, but still numbers remain too low according to experts.
But, experts say that when compared to the rest … (1 comments)

economy: Montana Reacts to the New Stimulus Package - State to Receive $625 Million - 02/18/09 02:08 AM
Montanans across the state are discussing the new stimulus package and wondering how it will affect Montana.
Of the $787 billion dollars that will be spend, Montana will get about $625 million from the stimulus package. Senator Jon Tester was quoted as saying that 11,000 good-paying jobs will be created or retained.
According to MSNBC: "About a third of the state's share is for highway funding to repair and build new roads. More than $121-million goes to counties for education, public safety and other needs. Nearly $85-million goes to public education and universities.
Fifty-one million dollars go to food and shelter assistance, things such … (4 comments)

economy: A Breath of Fresh Air - A Positive Outlook for Montana's Economy - 02/04/09 03:29 AM
With the onslaught of national news stories about the poor state of the economy, job losses, and the housing market, it is easy to lose sight of what's going on locally. Larry Swanson, a well-known Montana economist and the Director for the Center for the Rocky Mountain West was quoted in the Billings Gazette recently as saying:
"The steady drumbeat of bad news produces a psychology of consumers hunkering down, we need to stay grounded in the fact that we had a lot going when we came into this," Swanson said. "The magnitude of impact in Montana will be lower. We've been … (8 comments)

economy: Montana Economy Remains Strong & Resistant to Recession! 4% Growth Predicted in 2008 - 02/15/08 05:11 AM
Montana is still a great place to live AND buy and sell real estate. There was an article that just appeared in the Daily Interlake that quotes Paul Polzin, director of the Bureau of Business and Economic Research at the University of Montana.
"As a whole, the Montana economy gains 90 percent of its vigor from sectors that remain strong: nonresident travel, mining, manufacturing, agriculture and the federal government.In a national recession, Polzin said, the nation would suffer worst in four areas.Financial services and durable manufacturing, primarily in the auto industry, don't have much of a presence here. But home building … (1 comments)

economy: Missoula Montana Real Estate Market Remains Strong - The Local Reality - 09/28/07 02:28 PM
There has been a lot of negative press about the real estate market recently. To understand the whole story, you should also consider local markets.
In Missoula, Montana for instance, the market remains solid. We have a strong economy and Missoula is a desirable place to live. We also have growth/development restraints due to our location and the geography of our mountain ranges and government land ownership. Demand continues to increase for land.
Missoula did not see the same extent of short-term investment activity as other areas. Those "short-term" investors have been hit the hardest nationally.
While some states are seeing an increase in foreclosures, Montana's … (1 comments)