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.


34° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

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





Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Plans Released For Pump Park in Brookings

3/27/2015 4:51 PM

The same company that designs BMX bike tracks for the Olympics is coming to South Dakota to create Brookings' newest park.

Full Story
Speed Limit Sign Changes

3/25/2015 6:06 PM

The speed limit is only going up on stretches of road where the limit was 75 miles per hour, now going up to 80 mph.

Full Story | Watch
Woman Pushing For $20 Bill Makover

3/25/2015 9:54 AM

Barbara Ortiz Howard already has a day job maintaining apartment buildings near New York City. Now she has a second job and it's all about money. ...

Full Story
New Car Wash To Open Near 26th St. & Sycamore Ave.

3/24/2015 3:48 PM

Sioux Falls will soon be home to a second Silverstar Car Wash.

Full Story
GM Ignition Switch Death Toll Rises To 74

3/23/2015 11:20 AM

Families of at least 74 people killed in crashes caused by defective General Motors ignition switches will get compensation from the company.

Full Story


Events