Experts state that new construction has not generally been much of an issue in Montana, as the state is no hot property. Thus there is currently no stagnation on account of the economy, and the main activity of Montana brokers has been to refinance existing homes so as to capitalize on our lower mortgage rates. Commercial real estate trends have been much more stable, but in the kind of recession we’re experiencing right now even time-honored truisms can’t simply be so easily trusted anymore. Government action has also helped a lot, and the recent federal stimulus program’s emphasis on housing a literal boon to first-time homebuyers, with up to eight thousand dollars in tax credits available until November, is acknowledged all around as a good thing. In any event the diversity of businesses, agricultural resources, and professions which abound in Montana seem to secure it a nice place for upward long-term growth in the decades to come, experts say.

Thus, never possessing a hot real estate market, Montana has been rather balanced between supply and demand where condominiums are concerned, and though the economic recession has caused sales to stagnate, the state was spared much of the consequences of widespread speculative investment. Also likely to help matters along is that federal tax credit for first-time homebuyers previously mentioned, with a very useful eight thousand dollars in assistance. This raises a very interesting question, however: will the one-time cash grant truly expire in November, or will it be extended to help sustain any resultant economic stimulation? And if left to expire, will its passing simply mean a return to economic decline or will enough momentum have been generated for private sector efforts to sustain all commercial activity?

Again, because Montana realty has not suffered the same levels of decline on account of the recession, as the state was never known for having a hot market in the first place, some consider it relatively immune in some respects, all things considered, from the turmoil experienced by places such as California and Nevada. On the other hand, commercial real estate is also a steadier business in general than the residential market, and this principle holds true just about anywhere. Unfortunately, that means that there hasn’t been the same degree of governmental assistance rendered, like what has been attempted with residential realty. Furthermore, something of an equilibrium between supply and demand in Montana suggests that the market for commercial real estate will probably see no dramatic activity in the foreseeable future.

There is so much more to say about the Montana property markets of today. Such topics are out of the scope of this one article, but it behooves the savvy investor to conduct diligent research before making any decision of consequence. Hopefully this article has served as an introduction and even an inspiration for real estate Montanan!

Disclaimer: The views presented herein are opinion only and not intended to serve as the basis for any decisions of consequence whatsoever.

Author Bio: For more great real estate articles, visit BestRealEstateInfoSite for insights from industry insiders such as Isaac Toussie and others!

Category: Real Estate
Keywords: real estate, montana, property, property markets, realty, business, advice