2014 Montana Housing Market

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Like most markets throughout the U.S., the Montana housing market experienced positive growth in 2013. The uptick began as a trickle. But, the market’s steady pace encouraged buyers, sellers, and market analysts alike with a sense of renewed hope. By mid 2013, the number of single family housing units for sale increased by 14.8 percent on the year according to the Montana Association of Realtors. Up to that point, Montana’s housing market sold … [Read more...]

2013 Montana Housing Market

Big Sky Country is experiencing slow and steady real estate market growth. Through 2013, “the volume of single-family homes being sold should be up 10 percent to 15 percent in the eighth largest realtor associations in Montana: Billings, Bitterroot, Gallatin, Great Falls, Helena, Missoula, and the Northwest,” said John E.C. Lagerquist, a sales associate at Century 21 Heritage Realty with more than 40 years of professional real estate … [Read more...]

Top 25 Forecast Housing Markets in 2009

Editor's Note: The Annual Top 25 Housing Market Forecasts may be accessed for 2010 by clicking on the "Best 25 Markets" on the menu on the left.     Fewer housing markets are forecast to appreciate making the Housing Predictor Top 25 market list for the year as job layoffs and business failures throw the national economy into a deepening recession. There are now eight markets forecast to experience housing inflation in … [Read more...]

States Rip Off Foreclosure Victims

By Mike Colpitts Almost $1-billion targeted to victims of banking foreclosure fraud is being ripped off from foreclosure victims to be used to pay for other programs for states facing serious financial deficits. The nation’s largest five banks agreed to pay a $25 billion settlement as part of their agreement to settle allegations of illegal forgeries and other frauds in the robo-signing scandal. However, only $2.5 billion is dedicated to … [Read more...]

Home Prices Rise 3 Straight Months

By Mike Colpitts Home prices rose for the third straight month in May across the U.S., according to real estate analytics company CoreLogic. On a year over year basis the firm said average prices rose 2.0%, and also increased 1.8% compared to a month earlier. The firm’s Housing Price Index, which tracks 100 of the nation’s top urban markets, including distress sales, which are foreclosures and short sales, indicates that house prices “will … [Read more...]

Real Estate Recovery Likely to Produce Higher Home Prices

By Mike Colpitts The fallout from the real estate collapse is starting to see a turn around in some areas of the U.S. Home sales slid 7.4% in March in western U.S. states but fell more modestly in the rest of the country, according to the National Association of Realtors. But home prices in some regions are rising, delivering a promising sign for a nationwide recovery. The national median existing home price was $163,800 at the end of … [Read more...]

Home Prices Fall Almost 5% in 2011

By Mike Colpitts Home prices fell nearly an average of 5% last year as a result of a troubled U.S. economy, decaying consumer sentiment, high unemployment and a foreclosure crisis that is running out of control, according to real estate research firm Core Logic. The company’s December Home Price Index showed an average 4.7% decline in U.S. home prices, which includes foreclosure and bank assisted short sales. The year-end report indicates … [Read more...]

2012 Montana Housing Market

Despite being one of the strongest areas in U.S. home value stability, Montana saw home prices decline during the real estate collapse, but record low mortgage rates are driving the state that claims the title as Big Sky Country to recover from the downturn and is forecast to see additional gains the remainder of the year. Real housing appreciation is slowly starting to materialize in most regions, including hard hit Livingston, where the … [Read more...]

Mortgage Defaults Surge Higher

By Kevin Chiu Mortgage defaults, the first step homeowners face in the foreclosure process, surged higher during the month of June demonstrating an increase in future anticipated foreclosures growing at the fastest rate in more than a year, according to Lender Processing Services, a real estate data supplier which tracks defaults. The surge in mortgage defaults shows the expected rise in foreclosures may be just months off as the housing … [Read more...]

2011 Montana Housing Market

Through its conservative values Montana avoided much of the real estate bubble, but the difficulties surrounding its housing markets as fallout of the financial crisis persist with less bank lending and troubles in the economy at large. Home sales in most of Montana took an up swing as a result of the federal home buyers’ tax credit and then nearly evaporated when the incentive expired. The slowdown has been anything but healthy for the … [Read more...]