Real Estate Blog

New Listing & Open House 2223 Bluegill Ave-Brookings

2223 Bluegill Ave, Brookings, SD

Open House

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Don't wait, take a look today at this split foyer home that features, 4 bedrooms, 2 bathrooms, plus an office which could be a 5th bedroom. Step inside and the foyer has tile floor with a built-in bench (with storage) and coat hooks. Up the stairs to to an open floor plan with an L-shaped island in the kitchen and roll-out spice rack. ALL appliances are INCLUDED! Off of the dining room you'll walk out thru the sliding doors to a new 6 x 14 deck. Seller just…

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Homebuyers Are Getting Used to the New Normal

Before you decide to sell your house, it’s important to know what you can expect in the current housing market. One positive trend right now is homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal.

To better understand what’s been happening with mortgage rates lately, the graph below shows the trend for the 30-year fixed mortgage rate from Freddie Mac since last October. As you can see, rates have been between 6% and 7% pretty consistently for the past nine months:

According to Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), mortgage rates play a significant role in buyer demand and, by extension, home sales. Yun highlights the positive impact of stable rates:

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Home Prices Are Rebounding

If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. If we take a year-over-year view, home prices did drop some, but that’s because we’re comparing to a ‘unicorn’ year when prices peaked well beyond the norm.

To avoid an unfair comparison to that previous peak, we need to look at monthly data. And that tells a very different and much more positive story. While local home price trends still vary by market, here’s what the national data tells us.

The graphs below use recent monthly reports from three sources to show the worst home price declines are already behind…

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Renting or Selling Your House: What's the Best Move?

If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative to a hotel, and they’re an investment that’s gained popularity in recent years.

While a short-term rental can be a tempting idea, you may find the reality of being responsible for one difficult to take on. Here are some of the challenges you could face if you rent out your house instead of selling it.

A Short-Term Rental Comes with Responsibilities

Successfully managing your house as a short-term rental takes a lot of time and effort. You’ll have to juggle tasks like dealing with reservations, organizing check-ins, and…

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The Real Estate Headlines Can Be Misleading-What Does the Market Look Like?

When reading headlines about real estate, be sure you’re not falling into the trap of believing things that can be misleading. What do they mean when they say home prices are falling? Check out this video as I explain more about it and then let us know at the Brookings Home Team how we can help YOU!

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Beautiful Home For Sale at -1617 1st St-Brookings

Blog Post 4

1617 1st St, Brookings, SD

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Charming Ranch Home with Modern Upgrades. Discover the perfect blend of comfort and convenience in this inviting 3-BR, 2-BTH, ML Den, ranch-style residence nestled in the heart of our vibrant town. With its classic design, contemporary finishes, and a prime location, this home offers an exceptional opportunity for those seeking a cozy comfy retreat. Step inside and be greeted by the warm ambiance of this well-maintained home. The…

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Reasons Your Home May Not Be Selling

When it comes to selling your house, you want three things: to sell it for the most money you can, to do it in a certain amount of time, and to do all of that with the fewest hassles. And, while the current housing market is generally favorable to sellers due to today’s limited housing supply, there are still factors that can cause delays or even prevent a house from selling.

If you're having trouble getting your house to sell in today's sellers’ market, here are a few things to think about.

Limited Access – If You Can’t Show It, You Can’t Sell It.

One of the biggest mistakes you can make as a seller is limiting the days and times when buyers can view your home. In any market, if you want to maximize the sale of your house, you can’t…

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Open House-2611 Sweetgrass Dr-Brookings SD

2611 Sweetgrass Dr, Brookings, SD

Open House

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Just Like NEW! This ONE OWNER, custom designed, 0-entry, ranch style home featuring 3 bedrooms, 2 bathrooms and a sunroom with a gorgeous view. The 3 stall garage is heated, with epoxy floor, floor drains and Keyless SMART entry pads. There is even a 4th door on the side for even more access. The kitchen features granite counter tops, tiled backsplash, large island and walk-in pantry. Bathroom Suite has dual sinks, tiled shower, separate commode &…

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Two Questions To Ask Yourself if You're Considering Buying a Home

If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, overhearing someone chatting at the local supermarket, the list goes on and on. Most likely, home prices and mortgage rates are coming up a lot. 

To help cut through the noise and give you the information you need most, take a look at what the data says. Here are the top two questions you need to ask yourself about home prices and mortgage rates as you make your decision: 

1. Where Do I Think Home Prices Are Heading?

One reliable place you can turn to for…

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Should I Rent My Home Instead of Selling It?

Do you really want to rent out your home? There are a few hurdles you might not have thought about that can cause headaches and take more of your time. Check out this video to hear a few of those things and let us know if you have any questions!  This may not be the best option, but take a look at this and decide from there.

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