Submitted by Anonymous on Thu, 05/31/2007 - 05:00.
Montana housing market show signs of slowing
The Office of Federal Housing Enterprise Oversight reported the housing market slowdown is showing up in Montana. "We have definitely seen a deceleration in Montana's house price growth," said Paul Polzin, a University of Montana economist.
Overall, housing prices increased 2.5 percent in Montana during the first quarter of 2007, which ended March 31. That's down from 3.6 percent increase during the same quarter a year ago.
The slowdown was most noticeable in Missoula, where housing prices remained flat during the first quarter. Billings saw price growth of less than 1 percent. The Great Falls market prices grew 2.6 percent.
Large increases in home price likely over. During the last 12 months, Montana was among the leaders in the appreciation of homes at 11.7 percent. Polzin said Montana did not grow as fast as other areas, and is unlikely to see actual decreases, or depreciation, in home values.
Source: http://www.helenair.com/articles/2007/05/31/helena_top/000aaamarket.txt
Overall, housing prices increased 2.5 percent in Montana during the first quarter of 2007, which ended March 31. That's down from 3.6 percent increase during the same quarter a year ago.
The slowdown was most noticeable in Missoula, where housing prices remained flat during the first quarter. Billings saw price growth of less than 1 percent. The Great Falls market prices grew 2.6 percent.
Large increases in home price likely over. During the last 12 months, Montana was among the leaders in the appreciation of homes at 11.7 percent. Polzin said Montana did not grow as fast as other areas, and is unlikely to see actual decreases, or depreciation, in home values.
Source: http://www.helenair.com/articles/2007/05/31/helena_top/000aaamarket.txt
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