If you’ve been sitting on the sidelines, watching mortgage rates soar and waiting for the right time to jump into the housing market, you’re not alone. For months, potential homebuyers have been holding off due to high rates and affordability concerns. But today’s market conditions might just be the sweet spot you’ve been waiting for—and it might not last long.

Why Are Buyers Moving Now?

Mortgage rates are finally starting to trend down, which means affordability is improving for many prospective buyers in Brookings, South Dakota, and surrounding areas. This creates a window of opportunity that could help you get into the home you’ve been dreaming of. If you’ve had your plans on pause, now’s the time to ask yourself an important question: What…

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If you’ve been renting for a while, you’ve probably wondered when the time will come when buying makes more sense than continuing to rent. Well, good news—recent data suggests that time might be now! According to a recent Zillow study, in 22 of the 50 largest metro areas across the country, monthly mortgage payments are now lower than rent (see chart below for the numbers). While Brookings, South Dakota, isn’t one of these major metro areas, the trends we’re seeing nationwide could mean that buying a home in our area may soon become a more affordable option.

The Current Market: What’s Changing?

As mortgage rates ease from their recent peak and home prices stabilize, the affordability of purchasing a home is improving across the board. In many…

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When it's time to buy or sell a home in Brookings, South Dakota, or the surrounding area, one of the most critical decisions you'll make is choosing your real estate agent. This decision can significantly influence your experience, how smoothly the process goes, and the success of your transaction.

As you consider who to partner with, it's important to understand what to expect from your agent. Unfortunately, several common myths could be clouding your judgment and holding you back from making the best decision. Let's break down those myths and help you find the right agent to guide you through your next move.

Myth #1: All Real Estate Agents Are the Same

It’s easy to assume that all real estate agents provide the same service. But, in…

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It’s a big question on many people’s minds these days: Should I buy a home now or wait? Whether you’re a first-time homebuyer or looking to move into a new property, the decision comes with a lot of factors to weigh. The good news is, once you purchase a home, you immediately begin to build equity—and that can add up faster than you might expect, even with more modest increases in home prices.

So, let’s take a look at what’s happening with home prices and what that means for your future wealth.

Home Prices Are Expected to Keep Rising

Each quarter, Fannie Mae releases the Home Price Expectations Survey (HPES), which gathers insights from over one hundred economists, real estate experts, and market strategists. They predict home prices will…

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6906 S Witzke Ave, Sioux Falls, SD

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$ CLICK FOR CURRENT PRICE 2 BEDROOMS 2 BATHROOMS 3270 sqft Lot

Welcome to your slice of home sweet home heaven in this charming 2015-built townhome that's as cozy as a warm hug from your grandma! With 2 beds, 2 baths, and a 2-stall heated garage, you're about to embark on a journey of comfortable living that's all kinds of amazing. Step inside and discover the 1308 square feet of pure delight. This place is like the Goldilocks of homes - not too big, not too small, it's just right! And speaking of just right,…

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Believe it or not, almost 80% of first-time homebuyers qualify for some form of down payment assistance, but shockingly, only 13% actually take advantage of it. If you're a first-time buyer in Brookings, South Dakota, or the surrounding area, this is a huge gap that you definitely want to close—and fast!

In this competitive housing market, every bit of financial assistance helps, and you don't want to leave any money on the table. Here's how you can amplify your down payment potential and make the most of the available resources.


Amplify Your Down Payment Potential

When it comes to buying your first home, down payments can feel overwhelming. But the good news is that there are numerous programs designed to help buyers like you. Many…

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Every home seller dreams of getting their house sold fast, for top dollar, and with as little hassle as possible. If you’re preparing to sell in Brookings, South Dakota, chances are you’re no different. But did you know that one of the biggest factors that could derail your plans is the price you set for your home? Getting the price right is crucial—overpricing can cost you time, money, and potential buyers.

So, how do you know if your asking price is scaring buyers away? Here are four clear signs your house might be overpriced, and why working closely with a real estate expert like Shane Andersen from the Brookings Home Team can help you turn things around.

1. Lack of Showings or Offers

One of the most glaring signs that your home may be…

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If you’ve been holding off on listing your home because you’re unsure about buyer activity, here’s your sign: the tides are turning. After months of high mortgage rates keeping many buyers on the sidelines, things are starting to shift in favor of sellers. Economic changes are underway, and they’re bringing a wave of renewed buyer interest. It might just be the perfect time to talk with an agent and get your home on the market in Brookings, South Dakota.

Rates Are Dropping, and Buyers Are Coming Back

After a prolonged period of rising interest rates, we’re starting to see them come down. Just recently, the Federal Reserve cut the Federal Funds Rate for the first time since it began hiking rates back in March 2022. While the Fed doesn’t directly…

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Now that you’ve made the exciting decision to buy a home, it’s time to get ready for the financial aspects of the process. While you’re probably focused on your down payment, there’s another expense that’s just as important but often overlooked: closing costs.

Here’s a breakdown of what closing costs are, how much they might be, and a few tips on how to reduce them.

What Are Closing Costs?

Closing costs refer to the additional fees and payments you need to cover when finalizing your home purchase. These fees vary based on the price of the home and the type of financing you’re using, but they’re a standard part of every real estate transaction. Unfortunately, many buyers forget to budget for these costs ahead of time. According to Freddie Mac,…

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6906 S Witzke Ave, Sioux Falls, SD

Click here to Get Directions
  • Property Video
  • Virtual Walking Tour
  • Description
  • Photos
  • Marketing Your Home
  • Real Estate Reports for Home Owners, Sellers & Buyers!
  • More
$ CLICK FOR CURRENT PRICE 2 BEDROOMS 2 BATHROOMS 3270 sqft Lot

Welcome to your slice of home sweet home heaven in this charming 2015-built townhome that's as cozy as a warm hug from your grandma! With 2 beds, 2 baths, and a 2-stall heated garage, you're about to embark on a journey of comfortable living that's all kinds of amazing. Step inside and discover the 1308 square feet of pure delight. This place is like the Goldilocks of homes - not too big, not too small, it's just right! And…

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