User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


55° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Sioux Falls Housing Market Rebounds

October 12, 2012, 6:04 AM by Kellee Azar

Sioux Falls Housing Market Rebounds
SIOUX FALLS, SD -

While people in the Sioux Falls area did fare a little better than others, the recession still slowed people from buying a new home.  But as the economy takes a turn, so is the local housing market.  And realtors say it's a great time to buy.

When it comes to buying or renting a home a lot of different factors may impact your decision. One thing swaying more people into buying is how affordable starter homes have become.

It's a big decision to either buy a home or rent an apartment. And those at the Realtor Association of the Sioux Empire suggest you weigh your options carefully.

"Well, part of what we look at is why you are renting or buying and what you are renting or might be buying," Realtors Association of the Sioux Empire President-Elect Cathie Ogdie said.

Ogdie says how long you plan to live in a particular place and your credit score should be considered before buying or renting. In Sioux Falls, she says there's no shortage in homes or apartments for people to rent which makes prices great for those looking.

"With the interest rates and the prices, it is more affordable to buy homes here in Sioux Falls," Ogdie said.

And the interest rates make the biggest difference when it comes to buying a home.

"The interest rates are at historic lows.  So if you want to invest in property and have your investments grow, getting it at the right price at this point in time is a good investment," Ogdie said.

But before you even make that decision, you first need to map out what is realistic for you and your financial status.

"Talk with your realtor, see what is out there in a price range that you can afford. Also, talk with your lender find out what you can afford," Ogdie said.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View business

You may also like

Three Sushi Restaurants Close After Owners Dispute

10/22/2014 10:05 PM

Your options for sushi in Sioux Falls have just been cut by three. The restaurants mysteriously shut down this week, leaving customers and employees a...

Full Story | Watch
Valentino's Restaurant For Sale

10/20/2014 12:18 PM

Prime real estate on 41st Street in Sioux Falls is for sale. Valentino's Restaurant at 41st Street and Western Avenue has been listed for $1.35 mi...

Full Story
Three Sushi Restaurants Suddenly Close In Sioux Falls

10/22/2014 4:45 PM

Three sushi restaurants have all closed for business in Sioux Falls.

Full Story
Long John Silver's Closes, Building For Sale

10/20/2014 12:31 PM

A longtime fast food option in Sioux Falls, the Long John Silver's restaurant is closing after more than 30 years in business. 

Full Story
Pierre Woman Wins On In-Flight Game Show

10/17/2014 12:10 PM

A South Dakotan is a winner on the Allegiant Airlines' first in-flight game show called "The Game Plane."  The reality show is film...

Full Story


Events