Here is a little tidbit about Great Falls Montana that I read yesterday. Forbes has ranked the top 200 "Best Small Places for Business and Careers" for 2009. Believe it or not our city Great Falls was ranked 85th in the nation. Forbes bases the criteria on the cost of doing business, projected job growth and education. Wow!!!
We know we have one of the best real estate markets because we have not suffered any price reductions like other areas in the U.S. I sort of think of it like we are always in the toilet and when the national economy bottoms out it doesn't really affect us here. Our average priced home is about $150,000 I am not sure it can bottom out below that. The other side is that you cannot make huge fortunes here like in other areas either by flipping houses. That excitement has always eluded our market and perhaps now after seeing what is happening to those high appreciation markets it is okay to be a boring market.
Interest rates are so low that I personally think it is a great time to buy real estate to hold. I also think it is a great time to buy a car and a laptop too. Prices nationally are down on those consumer items and perhaps we should take advantage of it. What do you think?
Kelly - Broker/Owner Great Falls Realty, Montana