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...]

Markets Forecast to Rise with Housing Inflation

In a turning point that demonstrates U.S. housing markets are making a recovery, Housing Predictor is forecasting that local markets in seventeen states will experience housing inflation in 2011. The states are dominated by the Mid-west and most Northern regions that were less affected by harmful new mortgage lending products during the real estate bubble, and are experiencing fewer foreclosures as a result of troublesome bank lending … [Read more...]

2010 Montana Housing Market

Protected by more conservative mortgage lending standards and less outside influences, Montana's housing markets haven't crashed like many other areas of the country. Few foreclosures and lower priced homes have had a stabilizing impact. But the slowdown in home sales is nagging at markets. Housing sales slowed in most of the state and then got a reprieve from the federal government's first time home buyers tax credit. The expansion of the … [Read more...]