A Breath of Fresh Air - A Positive Outlook for Montana's Economy

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Real Estate Services with LifeOhm - Life Coaching for Real Estate Professionals

Economic OptimismWith 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 through worse."

Swanson, who also spoke in Missoula recently predicts that Montana's economic slowdown will be "shallower" and "shorter" than what is portrayed in the national media.

Swanson gave reasons for his predictions, including Montana's low unemployment rate from the Bureau of Labor and Statistics. Montana has a 4.8% rate compared to national figures of 6.7. Another factor is that Montana's housing market had a lower rise in home values previously, so values aren't predicted to fall as much as other areas that experienced a huge real estate boom.

This sentiment is echoed by a recent report from Housing Predictor who ranked five Montana cities in their list of the Top 25 Housing Markets for 2009.

Missoula Predicted to be in the Top 25 of Housing Markets for 2009

So, despite the national media, there are signs for optimism when you look at Montana's future.

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Topic:
Real Estate Market Trends
Location:
Montana
Groups:
Localism Brainstorming
Localism Success and Accountability Group
Montana
POSITIVE ATTITUDE for the Weary Soul
Tags:
montana
economy
economic
outlook
housing
real estate
market
predictions
2009
optimism
mt
missoula
realtor
for sale

Comments 8 New Comment

Ambassador
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Celeste "SALLY" Cheeseman
RA, CRS, Hawaii Mililani Oahu Real Estate
Century 21 Liberty Homes

You make nice positive points about your area....sounds like the place to relocate to! 

February 06, 2009 11:26 PM
Ambassador
158,090
LifeOhm
Monica at LifeOhm
LifeOhm - Life Coaching for Real Estate Professionals

Hi Rebecca - I just came across Housing Predictor, it is pretty interesting.

Thanks Teri, Petra, Sally!

February 08, 2009 07:16 PM
Rainer
19,706
Dan Porter
Bozeman Broker Group

Monica and Kevin - Thanks for the positive article...it's so refreshing!

Dan and Jamie

March 02, 2009 11:02 AM
Ambassador
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LifeOhm
Monica at LifeOhm
LifeOhm - Life Coaching for Real Estate Professionals

Thanks Dan and Jamie and thanks for visiting our blog.

March 02, 2009 11:13 AM
Rainer
26,155
Alice & Jim Hayes
Loveless Realty

Thanks for sharing positive news. It is always refreshing to hear and read.

March 30, 2009 11:49 AM
Ambassador
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Monica at LifeOhm
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Life Ohm is about living a passionate, intentional, healthy, peaceful and inspired life. I’ll share information on ways to make your road more enjoyable, your goals more attainable, and reminders about having fun and savoring life along the way. I work with individuals - including real estate professionals and executives to help them live a more happy and fulfilled life. I’d love to hear your stories on success, inspirations, and feedback – so please feel free to share!