WPR News
8:38 pm
Mon July 25, 2011

Wyoming's housing market sees improvement

Laramie, WY – A recent report from the states economic analysis division shows that Wyoming's housing sector made substantial increases in price and sales - making it one of the best performers in gains in the nation. Wenlin Liu is economist with the department. He says Wyoming's real estate market lagged behind the rest of the nation during the recession in 2008, but caught up with the rest of the country within a year.
"We had a slight price increase in 2008, but in 2009 we had a big decline."
However, as of the first quarter of 2011 had only declined 1-point-2 percent: the lowest decline in 2 years making it one of the best housing markets in the U.S And Liu says that with housing prices beginning to stabilize, 2011's first quarter should serve as a good sign, for buyers and sellers, that market levels are returning.