New Boom in Northern Rockies
The dramatic downturn in the real estate market is likely to end sooner rather than later in the Northern Rockies, according to new research from Arthur C. Nelson, Presidential Professor and Director of the Metropolitan Research Center at the University of Utah – and the I-90 corridor in Montana and the Snake River Valley in Idaho are especially well-positioned for renewed growth.
Nelson’s research shows that surplus housing supply in Montana is likely to be absorbed by the end of this year, and by 2011 in Idaho. Further, the need to replace aging building inventory – especially in commercial real estate – will drive demand above and beyond what population growth trends alone would suggest…
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This article written by By Jonathan Weber April 14th, 2009. Special Thanks to New West Bozeman website http://www.newwest.net/city/main/C396/L396/
