Sioux Falls Market
Hopefully, it was a productive and enjoyable weekend for each of you. I know sunshine and a break from the frigid weather does wonders for both body and soul. It’s that glimmer of hope that keeps us moving on through the bleak mid-winter! Enjoy it for now…..
We continue to see daily activity on the national scene with news coming at us regarding home values, rate changes, company consolidations and federal legislative proposals. It doesn’t appear that it will change in the near future either. But regardless of all that, the Sioux Falls market continues to move forward. It isn’t that we live on the Isle of Perfect Real Estate, but we do have a supportive blend of industry, city and state organizations that all serve to give us a steady base that keeps our home values from the drastic falls seen elsewhere.
Tax relief for both individuals and employers is being discussed. How these discussions will finally work out is probably still not quite on the horizon but we all appreciate the efforts being put forth. It will be interesting to see how increases in loan limits will help the average home purchase or refinance in the coming months also. Lenders are telling us about the increase in loan applications for refinancing those loans taken out over the preceding year or two. Rates like we see today are very real attraction for many of us. But if the market is causing you to consider the refinance option, we would also suggest that a move-up purchase may be equally beneficial. We would enjoy the opportunity to visit with you and provide you a professional opinion on your home’s value. Feel free to contact us by either e-mail or phone!
Have a terrific week and we’ll talk to you after Super Bowl Sunday!