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The dispiriting housing boom

Real estate, in particular, tends to rise in value much more easily than it falls. Besides, says National Association of Realtors chief economist Lawrence Yun, this “is not a bubble. It is simply lack of supply.”

Montana housing market booming, but who’s moving here?

Since this time last year, the median sale price for a home in Missoula increased 20.5%, to $403,450. In Whitefish, the cost has increased 41%, for a price of $632,000. The median sales price in Butte is $180,000, which is an annual increase of 12%. In Bozeman, the median sales price of a home increased 25%, to $679,900.

American Jobs Plan – The Need for Action in Montana

For decades, infrastructure in Montana has suffered from a systemic lack of investment. The need for action is clear:  Montana’s infrastructure received a C grade on its Infrastructure Report Card. The American Jobs Plan will make a historic investment in our nation’s infrastructure.

Great Falls ranks 4th best housing market in the U.S. for first-time buyers

“Great Falls is an access point to the rest of Montana,” Jolene Schalper, senior vice president business development with the Great Falls Development Authority, said.   Joee Taylor, Reporter/MMJ

When Wall Street Controls the Housing Market

A debate about the effect of the increasing footprint of large, institutional investors in the housing market is further fragmenting the politics of development in the United States.

The Montana Departments of Commerce and Public Health & Human Services announce the public comment period for the 2020-2024 Consolidated Plan for Housing and Community Development (Consolidated Plan)

The Consolidated Plan is developed every five years and helps the Montana Departments of Commerce and Public Health and Human Services assess affordable housing and community development needs to determine funding priorities and program structure for CDBG, HOME, Housing Trust Fund, and Emergency Solutions Grants.

The Great Housing Debate: A Profusion of Panaceas

Just about everybody agrees that we need more affordable housing, and there are lots of ideas for making it happen. So far, though, none of them have come to much.

Summary of Montana House Bill 632 – Appropriates $2.1 billion in federal ARPA funds

HB 632 creates four new commissions with oversight over federal ARPA funds

Are Homes The New Toilet Paper? How Scarcity Has Buyers Taking Extreme Steps

At the height of the toilet paper shortage, people were listing 12 double rolls of Quilted Northern on eBay for $45. But that wasn’t the only product that was in short supply. As the lockdown dragged on, other items became scarce, including thermometers, dumbbells and—yes—houses.

How Montage Big Sky’s Residences Are Elevating The Montana Ski Town’s Luxury Offerings

Like most Montage Hotels and Resorts, the property will have luxury ownership opportunities, which includes 39 two-bedroom to six-bedroom residences ranging from $5 million to $18.6 million. It’s no surprise that more than 70% of the residences have already sold.