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

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Services for Real Estate Pros 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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POSITIVE ATTITUDE for the Weary Soul
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Rainmaker
175,248
Rebecca Levinson, Real Estate Marketing and Online Advertising Consultant
Real Skillz-Clear Marketing for Your Real Estate Vision - Lake Geneva, WI

Hi Monica,

I have been reading those reports on Housing Predictor for a couple years now.  Quite interesting.

Feb 04, 2009 12:13 PM #1
Rainmaker
412,298
Mesa, Arizona Real Estate Mesa Arizona Realtor
Teri Ellis at Homes Arizona Real Estate LLC - Mesa, AZ

Kevin and Monica, very good post. I love uplifting comments....and I think they work better for all of us. ;-)

Pepper

Feb 04, 2009 08:12 PM #2
Rainmaker
605,825
Petra Norris
CDV TransAtlantic, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale

Monica - I'm happy to read there are some positive predictions out there. We always can handle good news - keep up being optimistic.

Feb 05, 2009 07:42 AM #3
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Celeste "SALLY" Cheeseman
Century 21 Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

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

Feb 06, 2009 11:26 PM #4
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LifeOhm
LifeOhm - Life Coaching for Real Estate Professionals - Portland, OR
Monica at LifeOhm

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

Thanks Teri, Petra, Sally!

Feb 08, 2009 07:16 PM #5
Rainer
19,706
Dan Porter
Bozeman Broker Group - Bozeman, MT

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

Dan and Jamie

Mar 02, 2009 11:02 AM #6
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Monica at LifeOhm

Thanks Dan and Jamie and thanks for visiting our blog.

Mar 02, 2009 11:13 AM #7
Rainer
26,155
Alice & Jim Hayes
Loveless Realty - Libby, MT

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

Mar 30, 2009 11:49 AM #8
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