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An article posted on Valley Broadcast Network just one week ago highlighted the apparent housing madness in Montana as a starter home in the small town of Whitefish was listed for over $1 Million. You can read the article by clicking the above highlighted link.
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Recently, Business Insider explored the topic of housing affordability in Montana and what current Governor Greg Gianforte intends to do about it. Here is an excerpt from the article below, with a link to the entire article afterwards.
Montana Gov. Greg Gianforte blames Paramount’s hit 2018 soap opera “Yellowstone” for what he calls his state’s most pressing crisis: housing affordability.
A flood of wealthy out-of-staters, inspired by Kevin Costner’s fictional ranching life, “fell in love” with the last best place and have made it their new (or second) home, Gianforte said. When the pandemic hit, that trend only accelerated.
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It’s been an economic boon for Big Sky Country: Montana’s economy grew faster in 2021 than it had in four decades. But it’s also meant median single-family home prices in the city of Bozeman have surged from under $500,000 pre-COVID to about $800,000 today. Statewide, home prices have soared by 60% since early 2020.
Link to the full article at Business Insider by clicking here