Location means everything in the real estate business, but common-sensical as the notion may seem, many first-timers fail to understand it thoroughly. Thus it's worth repeating at the outset of this article examining new construction in Wyoming, because the state was never known for being a real hot spot. That's also the reason why Wyoming has weathered the economic crisis fairly well, a crisis that has afflicted many a point further south and east such as Nevada and Florida. But housing starts and other new construction in Wyoming are about as stalled as anywhere else in the country currently. And recent efforts by the federal government to stimulate economic activity through the use of grant money has helped a smattering of worthy projects in Wyoming, but may be too little to see things through the long haul.

It's clear that signs of stabilization are appearing. Government stimulus in unwitting tandem with private entrepreneurs have combined to begin to push the momentum in the other direction. He still thinks there is quite a bit of oversupply, however. Wyoming has generally been balanced between supply and demand, but when it comes to commercial real estate, shopping centers have been a sure profit-maker. And one of the very best ways to assure the profitability of a shopping center is to host a movie theater, preferably a modern multiplex operating long hours each day of the week. After all, movie theaters, possibly more so than even food courts, serve as great "anchors" for sprawling shopping complexes. They act as reference points where people can meet up and shop: in fact, a typical cinema today can receive up to half a million visitors every year - people who are easily converted into impulse buyers since relatively few simply go to the movies and then straight back home!

As for residential real estate, it should be understood that the housing bubble has affected not just actual houses but condominiums, too. This is a dangerous situation because most such properties were bought as short-term investments to be "flipped," but like a simple Ponzi Scheme there eventually comes a time when no more takers can be found and the system will collapse of its own inherently unsustainable weight. The days of Everyman moonlighting as an investor-landlord are over for now, in Wyoming as anywhere else.

One thing to note about "Big Sky Country" is that its inhabitants are generally fairly satisfied with their lives, as observed through polling data through the years. Not a factoid that translates directly into the real estate business, but interesting and useful all the same for the kind of context it can provide to all kinds of business deliberations!