Montana’s Real Estate Market Ranks 10th in Strength in US

Montana Real EstateMontana ranks among the top ten states for having the strongest housing markets, according to 24/7 Wall St.

The report said that “Montana shares characteristics with several of the Plains States. It never suffered from high unemployment during the recession; as a matter of fact, the jobless rate has been extraordinarily low. The agriculture and oil industries did well, and commodity prices were high. The cost of living was, and still is, relatively low compared to the national average, and so are home prices. The benefits of being a homeowner in Montana should continue. Corelogic predicts that the appreciation in home prices in the state will be the 14th best among all states from the first quarter of 2013 to the first quarter of 2014, and the 12th best among all states from the first quarter of this year through the first quarter of 2017.

Montana ranked tenth of all the states. It was reported to have a one year home price change of +5.6 percent, a median home price of $151,300 and an unemploymnet rate of 6.4 percent (the 15th lowest).

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Authored By Dennis Pyburn – See the Full Story at Big Sky Business

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