Baltimore HUD Homes News

September sales a hopeful sign amid downturned housing market

There is no doubt that selling real estate in the Flathead Valley has been a challenge this year, but Cal Scott sees a glimmer of hope in the September sales statistics compiled by the Northwest Montana Association of Realtors.

It looks like we may be coming out of the worst of the economic slowdown, said Scott, who just completed his term as president of the association. This September is on par and in some areas better than September 2007

People who study the local real-estate market, Scott said, "know that the big bounce of the pingpong ball is over." The bouncing will slow until the market settles back down, probably sometime by mid-2009, he speculated.

Read on →