South Dakota’s Unusually Strong Housing Market
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 Funds…
Dive into our free analysis of trends and economic conditions in the region.
viewing: Housing
Assessing Housing Dynamics in a Historic Market
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. With…
Housing Demand Remains Strong Despite Increased Borrowing Costs
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 has…
How We Track Housing Affordability
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 months,…
Regional
As Prices Persist, Affordability Takes a Hit
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 Dakota…
South Dakota Housing Costs Rising Faster than the Nation’s
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. In…