outlook: 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)

outlook: 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)

outlook: 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)