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.


65° 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





Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

Lick The Spoon Expands Pot Pie Business

4/14/2015 3:00 PM

Lick The Spoon is expanding its pot pie business.  

Full Story
Dozens Of Park Positions To Fill Yet

4/15/2015 5:00 PM

Every summer, the city of Sioux Falls hires hundreds of people for seasonal jobs within the park system

Full Story | Watch
SD Driver License Stations Accept Plastic

4/16/2015 11:45 AM

You no longer need to stop by a cash machine before renewing your driver license.  All South Dakota exam stations now accept credit and debit car...

Full Story
First Dakota National Bank Buys Home Federal Branch in Pierre

4/15/2015 5:50 PM

First Dakota will assume deposits and loans associated with the branch and will acquire the branch facilities and equipment.

Full Story
Yankton-Based TruXedo Expanding, Adding Jobs

4/15/2015 1:14 PM

manufacturer of tonneau covers and other truck accessories is planning a 40,000-square-foot addition and adding 18 jobs, with the potential for more.

Full Story


Events