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 bidding wars with others willing to pay $20,000 to $60,000 above list price. Offer prices are being ...
Source: argusleader.com