Inside KELOLAND: Housing Market
September 22, 2006, 9:12 PM
Whether just checking out the new neighborhoods, or catching up on the latest home trends, thousands of people will likely tour this year's Parade of Homes. It's an event for those who are just looking and those hoping to find a new place to call home.
More than 100 new homes will be on display in Sioux Falls, Brandon, Tea, Humboldt and Harrisburg. Nationally, new home construction was down 6 percent last month to the lowest level in three years. That's blamed on so many unsold homes being on the market.
But mortgage interest rates are dropping just a bit, perhaps because of a slower home sales. Just this week, the average for 30-year fixed-rate mortgages is six-point-40 percent. That's down from six-point-43 percent last week.
And 15 year fixed mortgages average six-point-06 percent, down from last week's six-point-eleven percent.
© 2006 KELOLAND TV. All Rights Reserved.
8/27/2014 5:48 PM
Her boyfriend was killed during a botched robbery in December in northwest Sioux Falls. Faith Rasmussen and her mother, Theresa, have now pleaded guil...
8/27/2014 10:54 AM
Faith Rasmussen, 21, and her 55-year-old mother Theresa Rasmussen admit they were bringing marijuana from California to South Dakota and distributing ...
8/26/2014 11:31 AM
Authorities in northwest Iowa are investigating a serious crash involving a car and a school bus.
8/27/2014 10:05 PM
Sioux Falls Police have a man in custody after a driver attempted to elude authorities during a traffic stop.
8/30/2014 11:39 AM
A Lead woman has pleaded guilty to having sex with a 12-year-old boy.