Economy Archives

Raich Montana Properties LLC Listed in the “2011 America’s Best Brokerages” issue of The Land Report

Posted March 22, 2012

This publication is known as “The Magazine of the American Landowner”. In this issue leading land brokerages in the US are listed by region. Raich Montana Properties LLC is listed under brokerages in the West (page 49). Each real estate firm is required to provide a compilation of transactions for the year, and share the firm’s business philosophy and provide market insights.

Here’s a recap of the magazine listing for Raich Montana Properties LLC:

Who: Raich deals in ranches and recreational properties in Livingston Montana’s Paradise Valley.

Philosophy: As a one-person firm, her focus is on personal attention for each client instead of handling a large volume of transactions.

Raich’s Market Insight: Raich enjoyed a steady business during the year. She predicts there will be continued investment in this market which may result in a depletion of inventory leaving a scarcity of truly amazing ranch and recreational properties in Livingston’s Paradise Valley.

2011 Sales: <$50 Million Category, with transactions totalling $17.1 Million in 2011 (The Land Report’s computation method).

Visitors to 4 big Rocky Mountain parks spent more than $1 billion in 2010

Posted March 1, 2012

…..HELENA, Mont. – Recreation in the Rocky Mountains’ national parks has provided a boon to their surrounding communities as the economy struggles to recover from recession, with visitors spending $1 billion in the region’s four biggest parks in 2010, a new study found.

More than 11 million people who visited Yellowstone, Grand Teton, Rocky Mountain and Glacier national parks also supported 15,412 jobs, according to the study released Tuesday by the National Park Service.

The biggest beneficiaries were gateway towns in Wyoming, Montana and Idaho within 100 kilometres of Yellowstone and Grand Teton national parks. Those parks drew 6.3 million visitors who spent $758 million in 2010.

“We’re not always in a position to really point to some solid figures of that economic impact,” Yellowstone spokesman Al Nash told the Bozeman Daily Chronicle. “(But) when you look at these kinds of figures and realize that every visitor means over $90 to the area economy, it reinforces the significant role that visitors to the park play.”

The study was conducted by a Michigan State University researcher for the park service and analyzed 2010 economic data from 394 parks across the country. It found that across the U.S. 281 million visitors spent $12 billion in so-called “local gateway regions” within about 100 kilometres of the parks.

A little more than half of that spending went toward lodging and meals and 19 per cent toward gas and local transportation. The rest went to retail spending, amusements and groceries.

Those numbers were not broken down by park, but Chuck Curtis, who owns four businesses near Yellowstone’s northern entrance at Gardiner, Mont., said they sound about right for Yellowstone.

He estimates that park visitors make up about 70 per cent of his business.

“Everybody’s very busy in the summertime,” Curtis said. “That’s when you make your living.”

The study found that visitors to all national park units — which includes the parks and historic and national landmarks — spent a total of $610.6 million in Wyoming; $292.7 million in Colorado; and $291.4 million in Montana.

Source: Yahoo News – The Associated Press|3 Hours Ago

Housing & Economy Headed For Sustainable Recovery?

Posted December 14, 2009

RISMEDIA Reported on Nov 18, 2009…..

Aided by the home buyer tax credit, the outlook for housing and the economy appears headed for a sustainable recovery, according to the National Association of Realtors®.

Lawrence Yun, NAR chief economist, said the projections are enhanced by a tax credit expansion to more home buyers through the middle of 2010. “Given the success of the first-time buyer tax credit to date, and the need for qualified buyers to continue to absorb inventory that will include additional foreclosures over the coming year, we are hopeful about the impact of the expanded tax credit because it will stabilize home prices,” he said. “In fact, the credit is working better than first projected – it now looks like we’ll have 2.3 to 2.4 million first-time buyers this year.”

Category: Economy

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