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Rising mortgage rates exacerbate housing challenges across South Dakota

Mortgage rates have spiked more than three percentage points since the beginning of the year, increasing issues of affordability across the country. In South Dakota, the cost increases are making it even more difficult for municipalities to address workforce issues through housing development.
Sioux Falls South Dakota United States Rapid City Dakota Wesleyan University Black Hills

Rising mortgage rates exacerbate housing challenges across South Dakota

Mortgage rates have spiked more than three percentage points since the beginning of the year, increasing issues of affordability across the country. In South Dakota, the cost increases are making it even more difficult for municipalities to address workforce issues through housing development.
Sioux Falls South Dakota United States Rapid City Dakota Wesleyan University Black Hills

Rising mortgage rates exacerbate housing challenges across South Dakota

Mortgage rates have spiked more than three percentage points since the beginning of the year, increasing issues of affordability across the country. In South Dakota, the cost increases are making it even more difficult for municipalities to address workforce issues through housing development.
Sioux Falls South Dakota United States Rapid City Dakota Wesleyan University Black Hills

Rising mortgage rates exacerbate housing challenges across South Dakota

Mortgage rates have spiked more than three percentage points since the beginning of the year, increasing issues of affordability across the country. In South Dakota, the cost increases are making it even more difficult for municipalities to address workforce issues through housing development.
Sioux Falls South Dakota United States Rapid City Dakota Wesleyan University Black Hills

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Rising mortgage rates exacerbate housing challenges across South Dakota

Mortgage rates have spiked more than three percentage points since the beginning of the year, increasing issues of affordability across the country. In South Dakota, the cost increases are making it even more difficult for municipalities to address workforce issues through housing development.
Sioux Falls South Dakota United States Rapid City Dakota Wesleyan University Black Hills
Source: dglobe.com

South Dakota home sales made competitive by interest rates, inventory

View Comments Historically low interest rates, a rush of out-of-state homebuyers, limited inventory and higher construction prices for new homes have made for a frenzied housing market that has put homeownership further out of reach for some South Dakota residents.  The highly competitive housing market is leading to a range of outcomes often seen in coastal states but rarely in South Dakota. First-time homebuyers or those looking for properties at an affordable price have found themselves in ...
Sioux Falls South Dakota United States Rapid City Pennington County Lynn Morris

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