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

Housing Market On The Rise Nationally

Posted: Updated:

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.

  • Most Popular StoriesMost Popular StoriesMore>>

  • UPDATE: Fire at Silverwood caused by cigarette

    UPDATE: Fire at Silverwood caused by cigarette

    Friday, August 29 2014 2:35 PM EDT2014-08-29 18:35:38 GMT
    ATHOL, Idaho - After a thorough investigation into the fire that closed a portion of Silverwood Theme Park last weekend, investigators with the Timberlake Fire Protection District say it was most likely an improperly discarded cigarette that started the fire.
    ATHOL, Idaho - After a thorough investigation into the fire that closed a portion of Silverwood Theme Park last weekend, investigators with the Timberlake Fire Protection District say it was most likely an improperly discarded cigarette that started the fire. The fire happened on August 24th, around 2:00pm in a restroom at the Boulder Beach Water park. The water park was evacuated while crews worked to put the flames out. 
  • PHOTOS: Zombies In Downtown Spokane!

    PHOTOS: Zombies In Downtown Spokane!

    Wednesday, June 11 2014 10:45 AM EDT2014-06-11 14:45:30 GMT
    SPOKANE, Wash. - In case you missed the first week of production for "Z Nation" in downtown Spokane, we wanted to share the photos we captured of the Zombies we could see lingering around, outside the KHQ station. Filming for the SyFy network's 'Z Nation' is underway! We sent our photographer Reed Schmitt over to the set to get up close and personal.
    SPOKANE, Wash. - In case you missed the first week of production for "Z Nation" in downtown Spokane, we wanted to share the photos we captured of the Zombies we could see lingering around, outside the KHQ station. Filming for the SyFy network's 'Z Nation' is underway! We sent our photographer Reed Schmitt over to the set to get up close and personal.
  • Mills Canyon burn out planned for Tuesday

    Mills Canyon burn out planned for Tuesday

    Tuesday, July 15 2014 12:58 PM EDT2014-07-15 16:58:49 GMT
    ENTIAT, Wash. - A burn out operation is planned for Tuesday morning in an effort to establish a secure line in the bottom of the canyon where the Mills Canyon Fire is burning. Burning material rolling downhill and igniting spot fires on the north side of Swakane Canyon have caused concerns and indicate a vulnerability to a fire escape and repeatedly expose firefighters to very steep terrain and rolling material.
    ENTIAT, Wash. - A burn out operation is planned for Tuesday morning in an effort to establish a secure line in the bottom of the canyon where the Mills Canyon Fire is burning. Burning material rolling downhill and igniting spot fires on the north side of Swakane Canyon have caused concerns and indicate a vulnerability to a fire escape and repeatedly expose firefighters to very steep terrain and rolling material.
Powered by WorldNow

Sports

  • Sports
  • Community

  • Community
  • Powered by WorldNow
    All content © Copyright 2000 - 2014 WorldNow and Max Media. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.