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Foreclosure Rates Have Risen in Billings, Montana

Billings is the largest city in Montana. The state is the 4th largest state in the nation and it is one of the most sparsely populated. Local analysts say that the future of the housing market and foreclosure rates remains uncertain especially since Montana was not included in the federal government's latest home financial aid effort. This is probably a reason the foreclosure rate has risen slightly. Local analysts, though, contend that these rates are classified as steady. Home values have also plummeted about 20% from the end of 2008 until today. There is an average of 8 to 10 new foreclosure listings per month and, with the market trend falling steadily at -5.5%, now is the time to buy a foreclosed home.