Mortgage rates are still a hot topic – and for good reason. After the most recent jobs report came out weaker than expected, the bond market reacted almost instantly. And, as a result, in early August mortgage rates dropped to their lowest point so far this year (6.55%).

While that may not sound like a big deal, pretty much every buyer has been waiting for rates to fall. And even a seemingly small drop like this reignites the hope we’re finally going to see rates trending down. But what’s realistic to expect?

According to the latest forecasts, rates aren’t expected to fall dramatically anytime soon. Most experts project they’ll stay somewhere in the mid-to-low 6% range through 2026 (see graph below):

In other words, no big changes are…

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You’ve probably heard it for the past couple years: “It’s a tough time to buy a house.” High mortgage rates. Low inventory. Homes selling faster than your favorite Pizza Ranch buffet on a Sunday.

But here’s the thing… 2025 is shaping up to be a little different. And if you’ve been sitting on the sidelines, this might be the time to lace up your cleats and get in the game.

At the Brookings Home Team pwrd by Century 21 Krogman & Co, we’re seeing signs that the playing field is starting to level for buyers—and we’re not the only ones saying it.

1. More Homes Are Hitting the Market

While we’re not in “unicorn years” inventory levels yet, more sellers are dipping their toes back into the market. That means more choices for you—and less of…

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Prices, rates, and finding the right home are three of the biggest challenges for buyers today. You may find better luck with all 3 if you look at newly built homes. There are more available. Builders are more flexible on prices right now. And people who buy new homes tend to get lower rates in this market thanks to the incentives builders can offer. Let’s connect if you want to see the new builds available in and around our area.


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106 Wagon Wheel Cir, Brookings, SD

Price Reduced

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$ CLICK FOR CURRENT PRICE 3 BEDROOMS 2 BATHROOMS

You can't go wrong with over 1,700 square feet of living space in this spacious and well-kept double wide mobile home! With 3 bedrooms, 2 bathrooms, and fresh paint in the large living room and two of the bedrooms, this place is move-in ready. The seller just installed a brand-new dishwasher and a SMART thermostat. Step outside to a big backyard perfect for BBQs, relaxing on the deck, or letting your furry friends run around. Oh yea this pet-friendly mobile home park is ready to welcome your four-legged…

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Buying a home is exciting… until you start thinking about the down payment. That’s when the worry can set in.

“I’ll never save enough.”

“I need a small fortune just to get started.”

“I guess I’ll just rent forever.”

Sound familiar? You’re not alone. And you’re definitely not out of luck.

Here’s the thing: a lot of what you’ve heard about down payments just isn’t true. And once you know the facts, you might realize you’re a lot closer to owning a home than you think.

Let’s break it all down and bust some big down payment myths while we’re at it.

Myth 1: “I need to come up with a big down payment.”

This one stops a lot of people in their tracks. A recent poll from Morning Consult and NeighborWorks shows 70% of Americans think…

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48159 186th St, Brandt, SD

For Sale

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$ CLICK FOR CURRENT PRICE 2 BEDROOMS 2 BATHROOMS 5.81 acres Lot

Right smack in the middle--between Brookings and Watertown--down a private driveway, with a beautiful tree belt you'll find a nicely built 2007 ranch home on 5.81 acres. This 2-bed, 2-bath home has over 1,400 finished sq ft and sits in a private, picturesque setting. There are five outbuildings, including a 36x48 shop built in 2023. The shop is insulated, heated, and features water and floor drains—perfect for projects year-round! There's room for a few cows or horses, and yes, it even comes with your…

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When selling your house, the price you choose isn’t just a number, it's a strategy. And in today’s market, that strategy needs to be sharp.

The number of homes for sale is climbing. And that means buyers have more choices and can be more selective. If your price doesn’t line up with what else is out there, they’ll scroll right past it and go on to the next one.

Pricing right from the start is your best move – and a great agent can help make sure you do.

Overpricing Comes at a Cost

And more sellers are finding that out the hard way. They list their house based on how things were a year ago – or based on a neighbor’s sale that happened under completely different circumstances. Then, when their house doesn’t sell, they’re left with three…

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According to Fannie Mae, 90% of buyers don’t actually know what credit score lenders are looking for, or they overestimate the minimum needed.

Let that sink in. That means most homebuyers think they need better credit than they actually do – and maybe you’re one of them. And that could make you think buying a home is out of reach for you right now, even if that’s not necessarily true. So, let’s look at what the data really says about credit scores and homebuying.

There’s No One Magic Number

There’s no universal credit score you absolutely have to have when buying a home. And that means there’s more flexibility than most people realize. Check out this graph showing the median credit scores recent buyers had among different home loan…

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Depending on where you live, the housing market could feel red-hot or strangely quiet right now. The truth is, local markets are starting to move in different directions. In some places, buyers are calling the shots. In others, sellers still hold the power. It’s a tale of two markets.

What’s a Buyer’s Market vs. a Seller’s Market?

In a buyer’s market, there are more homes for sale and not as many buyers. That means homes sit longer, buyers have more negotiating power, and prices tend to soften as a result. It’s simple supply and demand.

On the flip side, a seller’s market happens when there aren’t enough homes available for the number of people looking to buy them. Because buyers have to compete with each other to get the house they…

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If you’ve been watching the market, you’ve likely noticed a few changes already this year. But what’s next? From home prices to mortgage rates, here’s what the latest expert forecasts suggest for the rest of 2025 – and what these shifts could mean for you.

Will Home Prices Fall?

Many buyers are hoping home prices will come down soon. And recent headlines about prices dipping in some areas are making some people believe it's just a matter of time before there’s a bigger drop. But here are the facts.

While home price growth is slowing down, that doesn’t mean we’re headed for a crash. As NAHB explains:

“House price growth slowed . . . partly due to a decline in demand and an increase in supply. Persistent high mortgage rates and…

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