Found 183 blog entries tagged as Real Estate.




On the national level, the median sales price of new homes has gone down recently. What can we learn from this? Buyers need more affordable homes! Check out this video for more info and let us know here at the Brookings Home Team how we can help YOU!

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Are the buyers still out there? The easy answer is YES! Actually, there are more today than in previous years. To hear the details, check out this video. Then, let us know here at the Brookings Home Team how we can help YOU!

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What’s the truth about adjustable-rate mortgages today? We take a closer look in this video and compare today versus the crash back in 2008. How are things different? Just watch to find out and let us know here at the Brookings Home Team if you have any questions!

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2223 Bluegill Ave, Brookings, SD

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$ CLICK FOR CURRENT PRICE 4 BEDROOMS 2 BATHROOMS 10625 sqft Lot

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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Will home prices crash in 2023? If you thought this, you weren’t alone. But, that doesn’t mean there was a crash. I discuss it more in this video, and if you have any questions, please let us know here at the Brookings Home Team!

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If you're planning to buy your first home, then you're probably focused on saving for all the costs involved in such a big purchase. One of the expenses that may be at the top of your mind is your down payment. If you’re intimidated by how much you need to save for that, it may be because you believe you must put 20% down. That doesn’t necessarily have to be the case. As the National Association of Realtors (NAR) notes:

“One of the biggest misconceptions among housing consumers is what the typical down payment is and what amount is needed to enter homeownership.”

And a recent Freddie Mac survey finds:

“. . . nearly a third of prospective homebuyers think they need a down payment of 20% or more to buy a home. This myth remains one of the…

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If you're thinking about buying or selling a house, it's important to know that it doesn't just affect your life, but also your community.

The National Association of Realtors (NAR) releases a report every year to show how much economic activity is generated by home sales. The chart below illustrates that impact:

As the visual shows, when a house is sold, it can make a big difference in the local economy. The impact comes largely from the workers required to build, update, and buy and sell homes. Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), explains how the housing industry adds jobs to a community:

“The economic impact means housing is a significant job creator. In fact, for every single-family…

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Blog Post 7

309 Thunder Ln, Brookings, SD

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$ CLICK FOR CURRENT PRICE 2 BEDROOMS 1 BATHROOMS 1897.71 sqft Lot

This ONE OWNER home is well maintained and features 2 bedrooms, 1 bath and is waiting for a new owner. Open floor plan and main floor laundry and ALL appliances are included! The crawl space and shed give you extra storage space. Shed has newer roof and shingles. Seller had the front deck stained and a new Larson storm door installed in 2020. The exterior of the house was painted and radon mitigation was installed in 2016. Don''t continue to pay rent…

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With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now. A recent poll from Gallup shows the answer is yes. In fact, real estate was voted the best long-term investment for the 11th consecutive year, consistently beating other investment types like gold, stocks, and bonds (see graph below):

If you’re thinking about purchasing a home, let this poll reassure you. Even with everything happening today, Americans recognize owning a home is a powerful financial decision.

Why Do Americans Still Feel So Positive About the Value of Investing in a Home?

Purchasing real estate has typically been a solid long-term strategy for building wealth in…

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