Real Estate Blog

The Truth About Where Home Prices Are Heading

There are plenty of headlines these days calling for a housing market crash. But the truth is, they’re not telling the full story. Here’s what’s actually happening, and what the experts project for home prices over the next 5 years. And spoiler alert – it’s not a crash.

Yes, in some local markets, prices are flattening or even dipping slightly this year as more homes hit the market. That’s normal with rising inventory. But the bigger picture is what really matters, and it’s far less dramatic than what the doom-and-gloom headlines suggest. Here’s why.

Over 100 leading housing market experts were surveyed in the latest Home Price Expectations Survey (HPES) from Fannie Mae. Their collective forecast shows prices are projected to keep rising over…

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Selling and Buying at the Same Time? Here's What You Need To Know

If you're a homeowner planning to move, you're probably wondering what the process is going to look like and what you should tackle first:

• Is it better to start by finding your next home?
• Or should you sell your current house before you go out looking?

Ultimately, what’s right for you depends on a lot of factors. And that’s where an agent’s experience can really help make your next step clear.

They know your local market, the latest trends, and what’s working for other homeowners right now. And they’ll be able to make a recommendation based on their expertise and your needs.

But here’s a little bit of a sneak peek. In many cases today, getting your current home on the market first can put you in a better spot. Here’s why that…

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Open House-106 Wagon Wheel Cir-Brookings

106 Wagon Wheel Cir, Brookings, SD

Open House

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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 family…

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Open House-851 Regency Ct-Brookings

851 Regency Ct, Brookings, SD

Open House

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Welcome to your next adventure! This stunning 5-bed, 3-bath home sits on a generous lot in one of Brookings' favorite neighborhoods. From the moment you walk in, you'll love the grand entry with pillars, an arched doorway, and an oversized double closet. The main level offers laundry, a beautifully finished 3-stall garage with floor drains, and a kitchen that checks all the boxes: granite countertops, pantry, and all appliances included! You've got both formal and informal dining options, dinner…

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What You Should Know About Getting a Mortgage Today

If you’ve been putting off buying a home because you thought getting approved would be too hard, know this: qualifying for a mortgage is starting to get a bit more achievable, but lending standards are still strong.

Lenders are making it slightly easier for well-qualified buyers to access financing, which is opening more doors for people ready to make a move.

So, if strict requirements were holding you back, this shift could be the opportunity you’ve been waiting for, without repeating the risky lending practices that led to the housing crash back in 2008.

Lenders Are Opening More Doors

Banks are offering credit to more people in an effort to boost activity in the housing market, including buyers who have lower credit scores or…

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700 6th Ave-Brookings Open House

700 S 6th Ave S, Brookings, SD

Open House

• Lifestyle Video
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Blocks from downtown Brookings, this home puts you right where you want to be, close to restaurants, parks, convenience stores, and even a dog park! This home is a charming 1-level ranch with 2 bedrooms, 1 bath, and over 900 sq. ft. Inside is clean, cozy, and easy to maintain. Outside? You'll love the massive 69x188 lot--room for pets, play, gardens, or just kicking back with friends. Affordable, move-in ready, and full of Brookings charm... all for under $200K! Prelisting Home Inspection available…

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8 Homes Sell Every Minute

Did you see headlines saying that home sales are down? If that made you question if it’s still a good time to sell your house, here’s some perspective for you. Sure, sales have slowed compared to the frenzy of a few years ago. But that doesn’t mean the market’s at a standstill. Over 11K homes are still selling every single day – not including new construction. That’s 460 an hour. Or roughly 8 each minute. Serious buyers are still out there. Let’s make sure they see your house. #SellYourhouse #JustSold #KeepingCurrentMatters

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Why Big Investors Aren’t a Challenge for Today’s Homebuyer

Remember the chatter in the headlines about all the homes big institutional investors were buying? If you were thinking about buying a home yourself, you may have wondered how you’d ever be able to compete with that. Here’s the thing. That’s not the challenge so many people think it is – especially right now.

Let’s break down what’s really going on and why the recent shift in the approach investors are taking could tip the scales in your favor.

Large Investors Are Pulling Back

The truth is institutional investors never represented as big a share of the housing market as people think. And now, they’re backing off even more.

Today, big real estate investors aren’t buying as many homes. In fact, they’re actually selling more than they’re…

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Multi-Generational Homebuying Hit a Record High – Here’s Why

Multi-generational living is on the rise. According to the National Association of Realtors (NAR), 17% of homebuyers purchase a home to share with parents, adult children, or extended family. That’s the highest share ever recorded by NAR (see graph below):

And what’s behind the increase? Affordability. NAR explains:

In the past, caregiving was the leading motivator – especially for those looking to support aging parents. And while that’s still important, affordability is now the #1 motivator. And with current market conditions, that’s not really a surprise.

Pooling…

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Happy 4th of July

Wishing you and your loved ones a happy and safe Independence Day.

#independenceday #fourthofjuly #4thofjuly #landofthefree #homeofthebrave #homeownership #americandream #realestate #keepingcurrentmatters

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