A recent housing report by the University of Montana Bureau of Business and Economic Research comes to a sobering conclusion: “Three years into its real estate slump, Montana’s housing markets do not yet show definitive signs of improvement.”
The report includes all the familiar words Montanans have learned to accept as reality. Foreclosures. Declining prices. Debt. And the words may have to stay in our everyday vocabulary for a while longer.
“Even as the rest of the state economy swings to growth, the data clearly portray the 2010 as another year of adjustment and correction in Montana’s housing markets,” the report states.
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