For many years, South Dakota has been viewed as a relatively affordable place to buy a home, particularly for first-time buyers and potential in-migrants, especially compared to more populous states in the Upper Midwest.
On September 18, 2024, the US Federal Reserve (FED) announced it was lowering the Federal Funds target rate by half a percent (0.50% or 50 basis points). The current target range for the Federal…
Over the past four years, the US housing landscape has undergone a significant transformation, characterized by historic listing price growth, an escalating race for space, and dramatic concessions for emerging and existing buyers alike.
Mortgage rates, the ever-powerful forces shaping the dynamics of the US housing market, remain at the forefront of activity as we push into the latter half of 2023. The first half of the year…
Affordable housing has emerged as a critical issue impacting individuals, families, and communities in South Dakota and across the United States. While the overall US housing market has experienced a noticeable slowdown in recent…
While the housing market of 2022 will be remembered for its dramatic highs and lows on a national scale, these historic swings were amplified more so in distinct regional and local markets. The South…
While decades-high inflation has impacted almost every sector of the US economy, its most apparent effects are reflected in housing markets. South Dakota is no exception to this national trend in increased housing prices.
