Today, the market surrounding Montana ranches for sale is doing exceptionally well. Not only are many of the state’s ranches selling for unprecedented prices, but they’re going at incredibly fast rates. Even though more and more ranches are entering the market everyday, the rates at which they’re selling isn’t slowing. To understand why the Montana ranch real estate market is doing so well (along with most of the real estate markets in the country), it’s first important to know where the story begins.
Thanks to fraudulent banks, predatory lending, and consumers believing they could afford things they couldn’t, the US economy came to a halt nearly ten years ago. It was a slow bleed, but when the housing market collapsed the entire global economy went down with it. The world entered into one of the worst economic recessions of the past one hundred years. Stocks fell all over the world, retirements disappeared, jobs were eliminated, and housing and real estate values fell through the floor. Thanks to the deregulation of the financial industry and banks lending to people who they knew couldn’t afford it, the economy went down so far that many people believed it might not ever come back again.
Of course, the real estate market did bounce back, along with the global economy. While there are still parts of the US that are feeling the negative consequences of the recession, much of the country is either doing as well as they were before it or even better. Most of the real estate values are now back to levels even higher than they were before the crash due to a strong economy and people being willing to pay these prices. Thus, now that the American economy is back for the most part, the housing market is back as well, bringing the Montana ranch real estate industry along with it.
If you’re considering buying a ranch in the state of Montana, the winter might be a good time to do so. By the time next summer rolls around and the real estate market gets going again, there’s no way of knowing how high the prices might climb. The summer tends to be the hottest time for the housing industry, and it’s the same for the ranching real estate industry in Montana. Thus, if you’re looking to get in and buy a ranch before the values go up even more, now is the time to do so. In fact, if you have the money and you’re looking for an investment, buying this winter and waiting a couple of years to sell is a great way to make some money down the road. There’s simply no way of knowing how valuable these ranches might become, but one thing is for certain: They’re going to keep going up over the coming years. It’s true for Montana and Oregon ranches for sale alike.
To break into the ranching real estate industry in Montana, you’re going to need a qualified company like Mason & Morse Ranch Company to help you out. With 133 years of experience between them, they’re the easy choice in the industry.