Written by: Mason Schramm, Broker/Owner, The Move GroupThe Meridian Association of Realtors MLS area, covering Southeast South Dakota and Northeast Nebraska, has long been a region where buyers and sellers find unique opportunities in the real estate market. In 2024, however, the market faced a challenging but fascinating year shaped by high interest rates, low inventory, and strong demand for residential...
Real Estate
Where Did All the Houses Go? In the shifting sands of the real estate market, a question looms large, echoing through the corridors of potential buyers and sellers alike: "Where did all the houses go?" It's a pertinent inquiry, one that reveals a complex tapestry of market dynamics, economic shifts, and changing homeowner behaviors. Let's delve into the intricacies of this phenomenon, examining how...
Benefits of House Hacking: How to get a jumpstart on real estate investment? Have you ever heard of the term "house hacking"? It's a real estate investment strategy that involves living in a multi-unit property while renting out the other units to cover your housing expenses or even generate a profit. This approach to homeownership is becoming increasingly popular, and for good reason. In this blog post,...
Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8 years. As National Homeownership Month kicks off this June, homeowners have every...
Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for housing is up while the supply of homes for sale hovers at historic...
During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses. However, it hasn’t rattled the world...