Housing Market On The Rise Nationally - KFBB.com News, Sports and Weather

Housing Market On The Rise Nationally

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It seems as if the U.S. is finally getting back on track after the housing market crash in 2007. Montana Federal Credit Union President Steve King says the country is more hopeful.

"Now the trends are the market prices are starting to come back so people are more inclined to stick with what they have the obligation to. Also according to the numbers unemployment has improved and I think the overall attitude has improved and I think people just have a little different mindset."

With more people paying their mortgage on time nationally what does that mean for the Great Falls housing market?

King says that surprisingly the Great Falls housing market remained mostly un phased by the national market crash.

"We were insulated so much from the problem that we have been able to maintain a very strong relationship with the members and the community so we don't have quite the hole to dig out of as far as real estate is concerned."

Even though many in the Great Falls community were able to maintain their mortgage payments, King thinks the Montana Federal Credit Union is expecting to see a drop in the number of people refinancing their homes.

"From our stand point we aren't expecting many people to be refinancing because the rates are starting to creep up a little bit and because of that its more purchases. We are expecting the market will do well with people buying new homes and upgrading to the next level."

So if you are looking for a new home, now is the time to dive into the real estate market.

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