Real Estate Blog - Shane Andersen

Today’s Tale of Two Housing Markets

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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Housing Market Forecasts for the Rest of 2025

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:

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New Listing-Open House 1215 3rd St., Brookings SD

1215 3rd St, Brookings, SD

Open House

• Lifestyle Video
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• Virtual Walking Tour
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Location, updates, and charm—this well-maintained bungalow has it all! Featuring 3 bedrooms on the main level, 2 baths, over 2,100 sq ft, and beautiful laminate floors throughout. The kitchen pops with a tile backsplash, and the interior has some fresh paint, new back door and custom blinds. Outside, you'll find a new garage door with new opener and gutters. The lower level offers potential with 2 more unfinished bedrooms! Located just blocks from schools and the Hillcrest Aquatic Center, it's…

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The U.S. Foreclosure Map You Need To See

Foreclosure headlines are making noise again – and they’re designed to stir up fear to get you to read them. But what the data shows is actually happening in the market tells a very different story than what you might be led to believe. So, before you jump to conclusions, it’s important to look at the full picture.

Yes, foreclosure starts are up 7% in the first six months of the year. But zooming out shows that’s nowhere near crisis levels. Here’s why.

Filings Are Still Far Below Crash Levels

Even with the recent uptick, overall foreclosure filings are still very low. In the first half of 2025, just 0.13% of homes had filed for foreclosure. That’s less than 1% of homes in this country. In fact, it’s even far less than that at under a…

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The Latest Mortgage Rate Forecasts

If you’re tempted to delay your move in hope that mortgage rates will come down, you may want to rethink that strategy based on the latest forecast. Experts say mortgage rates are projected to stay in the 6s this year. So don’t expect a big drop. If you want to talk about what this means for your move, let's connect. As forecasts change, having an expert who can keep you updated is essential.

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Nice Acreage-Open House at 48159 186th St-Brandt SD

48159 186th St, Brandt, SD

Open House

• Lifestyle Video
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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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Don't Make These Mistakes When Selling Your House

Are you thinking about selling your house? Some common mistakes today can make the process more stressful or even cost you money.

Fortunately, they’re easy to avoid, as long as you know what to watch for. Let’s break down the biggest seller slip-ups, and how an agent helps you steer clear of them.

1. Overpricing Your House

It’s completely natural to want top dollar for your house, especially if you’ve put a lot of work into it. But in today’s shifting market, pricing it too high can backfire. Investopedia explains:

And your house sitting on the market for a long time could lead to price cuts that raise red flags. That’s…

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Just Listed in Flandreau SD-212 E Broad Ave

212 E Broad Ave, Flandreau, SD

Just Listed

• Lifestyle Video
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Looking for a home that's got charm, updates, and a corner lot with some serious shade? This 1.2 story gem may be it! Tucked under mature trees and sitting proud on the corner, this place gives you 3 bedrooms, 2 bathrooms, and 1,200 finished sq. ft. of comfy living. The attached 2-car garage is ready to roll with a metal roof, keyless entry, access door, and a newer garage door and opener (just 3 years old). You'll love that some of the windows have been replaced in the last 5 years too. And here's…

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Why a Newly Built Home Might Be the Move Right Now

Are you looking for better home prices, or even a lower mortgage rate? You might find both in one place: a newly built home. While many buyers are overlooking new construction, it could be your best opportunity in today’s market. Here’s why.

There are more brand-new homes available right now than there were even just a few months ago. According to the most recent data from the Census and the National Association of Realtors (NAR), roughly 1 in 5 homes for sale right now is new construction. So, if you’re not looking at newly built homes, you’re missing out on a big portion of what’s available.

And with more new homes on the market, builders are motivated to sell their current inventory. As a result, many are taking steps to draw in buyers.

…

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Mortgage Rates Are Stabilizing-How That Helps Today's Buyers

Over the past few years, affordability has been the biggest challenge for homebuyers. Between rapidly rising home prices and higher mortgage rates, many have felt stuck between a rock and a hard place.

But, something pretty encouraging is happening. While affordability is still tight, mortgage rates have shown signs of stabilizing in recent months. And that may finally make it a bit easier to plan your move.

Mortgage Rates Have Stabilized – For Now

Over the past year, mortgage rates have had their share of ups and downs, making it tough for buyers to know what to expect. But recently, rates have started to level out and have settled into a more narrow range (see graph below):

As the graph shows, rates have stayed within that…

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