Montana real estate sales were ranked 4th out of all 50 US states in home price appreciation in 2007, and with almost 300% appreciation since 1980, there is still plenty of room to move!. There was one Montana city in the top 20 appreciating cities and none in the 20 cities that lost the most value. However, there were a number of cities with strong real estate activity in Montana. Some of them are Billings, Missoula, and Great Falls. The Office of Federal Housing Enterprise Oversight (OFHEO) produced an 88 page reports that says Montana real estate sales were number 4 in the list of states that had "...positive four-quarter appreciation" in 2007...". The report has lots of positive information, but it hasn't been widely publicized. The list of states and their ranking by appreciation over 2007 starts on page 25 of the .pdf report. It seems that Montana is one area of the country that should continue to see growth in the real estate market. There has been almost 300% appreciation in Montana since 1980.
80% of the United States had POSITIVE appreciation in 2007 according to the chart page 25 and 26 of the report. And, of the 121 cities monitored in the report, 65% of US cities had appreciation. Too bad these statistics aren't being widely reported. This report uses a few different set of statistics to show different aspects of the housing market.
United States real estate still provides one of the best available forms of investment for people looking to grow wealth over the long run. Real Estate professionals should be using blogging, newslettering, pressreleasing, emailing, and any other useful method to get this positive news out!
The report can be found at: http://www.ofheo.gov/media/pdf/4q07hpi.pdf
Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / firstname.lastname@example.org
508-274-5613 Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup Skype: heath.coker