Blog Post 4

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…

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3214 Sunnyview Dr, Brookings, SD

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$ CLICK FOR CURRENT PRICE 4 BEDROOMS 3 BATHROOMS 2.17 acres Lot

Welcome to your dream home! Nestled north of Brookings- this charming 1954 Ranch-style residence offers a perfect blend of classic character and modern comfort. Spread across 2 acres of serene, acreage-like setting, this generous property boasts over 2,400 finished square feet of living space, providing ample room for your family and lifestyle. Step inside and be greeted by a beautifully updated kitchen that will inspire your inner chef. Featuring sleek countertops, appliances, and abundant…

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If you’ve been wondering what’s going on with home prices lately, you’re not alone. With so much information out there, it can be tough to make sense of it all—whether you're looking to buy a home or thinking of selling your home.

As a buyer, you may worry about overpaying, and as a seller, you might be concerned about not getting the price you want. So, let’s clear up some of the confusion by breaking down what’s really happening with home prices.

Home Price Growth Is Slowing, but Prices Aren’t Falling Nationally

Across the U.S., home price appreciation is moderating. What this means is that home prices are still going up, but not as quickly as they were over the last few years. To illustrate this, take a look at the data from Case-Shiller…

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With home inventory increasing and mortgage rates starting to come down, you might be thinking this is finally your moment to jump into the Brookings area real estate market. But before you start shopping for your dream home, there’s one crucial step you need to take: getting pre-approved for a mortgage.

The pre-approval process involves a lender reviewing your financial information, such as your W-2s, tax returns, credit score, and bank statements, to determine how much they are willing to loan you. Once this is done, you’ll receive a pre-approval letter, which is your golden ticket to house hunting. Here are two big reasons why this is a must in today’s real estate market.

Pre-Approval Helps You Understand Your Budget

Although home…

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If you're considering selling your home in Brookings, SD, you're not alone. Whether it’s the idea of downsizing, relocating, or moving closer to loved ones, there are plenty of reasons to make a change. But when it comes to selling a home in today’s housing market, you might be wondering about one critical factor: affordability. Here’s the good news—your home equity could play a significant role in making that decision easier. Let’s explore two key elements that influence how much equity you have and what that could mean for you.

How Long You’ve Lived in Your Home

One of the most important factors when it comes to home equity is how long you’ve lived in your current home. This is referred to as homeowner tenure. Back in the day—between 1985 and…

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As September rolls in, the spotlight is back on the Federal Reserve (the Fed) and their much-anticipated decisions on the Federal Funds Rate. There's a growing expectation that the Fed will reduce the rate at their upcoming meeting, largely driven by signs of easing inflation and a cooling job market. This shift could have a significant impact on the housing market, and even more importantly, it could affect you as a current homeowner or potential homebuyer here in Brookings, South Dakota.

Mark Zandi, Chief Economist at Moody’s Analytics, summed it up perfectly when he said:

“They’re ready to cut, just as long as we don’t get an inflation surprise between now and September, which we won’t.”

But what does this mean for the local real estate…

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Thinking about selling your house but unsure if now’s the right time? It’s a question many homeowners face, and while the financial aspects are always important, there’s another big factor to consider: your lifestyle. Sometimes, life’s changes can be the nudge you need to make a move sooner than expected.

According to the National Association of Realtors (NAR), lifestyle changes often drive the decision to sell. As shown in the annual report, many home sellers were motivated by the desire to be closer to family or friends, outgrowing their current home, or experiencing significant milestones like marriage or the arrival of a new baby. Others made the leap to downsize or relocate for work.


If you’re feeling the need for more space, better …

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If you’re thinking about downsizing, you may be hearing about 55+ communities and wondering if they’d be a good fit for you. Here’s some information that could help you make your decision.

What Is a 55+ Community?

It’s important to note that these communities aren’t just for people who need extra support – they can be pretty vibrant, too. Many people who are downsizing opt for this type of home because they’re looking to be surrounded by people in a similar season of life. U.S. News explains:

“The terms ‘55-plus community,’ ‘active adult community,’ ‘lifestyle communities’ and ‘planned communities’ refer to a setting that caters to the needs and preferences of adults over the age of 55. These communities are designed for seniors who are…

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If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.

What Is a Balanced Market?

A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a more balanced market would be a welcome sight for people looking to move. The question is – is that really where the market is headed?

After starting the…

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Looking ahead to 2025, it's important to know what experts are projecting for the housing market. And whether you're thinking of buying or selling a home next year, having a clear picture of what they’re calling for can help you make the best possible decision for your homeownership plans.

Here’s an early look at the most recent projections on mortgage rates, home sales, and prices for 2025.

Mortgage Rates Are Projected To Come Down Slightly

Mortgage rates play a significant role in the housing market. The forecasts for 2025 from Fannie Mae, the Mortgage Bankers Association (MBA), the National Association of Realtors (NAR), and Wells Fargo show an expected gradual decline in mortgage rates over the course of the next year (see chart…

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