Blog---December 2, 2024—9-10—Remodelers Show

As we worked starting the 12th month of 2024---our team of guests helped us understand where we are----and where we are headed for the final 4 weeks of 2024.

Tony Bachman---Coldwell Banker along with Neal King ---Building Permits City of Sioux Falls---Teddi Mueller—Executive Director of the Home Builders Association, Dave Kelly---Fairway Mortgage—Todd Boots—Past President SD Home Builders, and Joe Hansen Extreme Heating and cooling gave us valuable information on where we are—where we are going---and hopefully some encouragement for those in the midst of deciding where to go for the rest of the year and into 2025.

Among Tony’s Numbers:


1247 Active Listings as of December 1st


96 expired listings


233 listings with price change


374 homes sold


91 homes pending


350 homes active under contract


140 open houses over the last 30 days. 

In our Report Card and Remodelers Shows we have discussed how election years can cause some uncertainty in the housing market—how that the election is over—the crystal ball for 2025 looks promising –even DYNAMIC.

Yes DYNAMIC BUT:


Shifting winds—experts predict a transition from a seller’s market to a more balance one in 2025—meaning buyers might have some LEVERAGE and BREAKING ROOM to negotiate. 


Inventory on the rise is good news for buyers. Analysists expect more homes to trickle onto the market in 2025 –and that could translate to less competition and maybe lower home prices


Mortgage rates could be in for a bumpy ride—you can expect mortgage rates to settle later-----predictions suggest they’ll fluctuate throughout 2025 with periods of opportunity for refinancing when rates dip. 


For Sellers—the rise in inventory could make it a little trickier to get top dollar for the home in 2025


Stay informed—stay Empowered—the housing market can be complicated and 2025 is expected to be no different. Listening to this show twice a month gives you a collection of experts that can help---and are.

Neal King---Building Permits City of Sioux Falls is thinking we will hit 1.03 Billion for the year in sales. 4th year in a row---and 2025---is really anybody’s guess. 

Teddi Mueller—Home Builders Association Executive Director—joined us looking at the rest of 2024 and into 2025----she joins us at least twice a month—and we always keep you posted on upcoming events involving housing, showings and opportunities. 

Dave Kelly—Home Equity Check Up was on his plate---and the HECM—we looked ahead---and know that you don’t want to search without Talking with a

Blog---December 2, 2024—9-10—Remodelers Show
As we worked starting the 12th month of 2024---our team of guests helped us understand where we are----and where we are headed for the final 4 weeks of 2024.
Tony Bachman---Coldwell Banker along with Neal King ---Building Permits City of Sioux Falls---Teddi Mueller—Executive Director of the Home Builders Association, Dave Kelly---Fairway Mortgage—Todd Boots—Past President SD Home Builders, and Joe Hansen Extreme Heating and cooling gave us valuable information on where we are—where we are going---and hopefully some encouragement for those in the midst of deciding where to go for the rest of the year and into 2025.
Among Tony’s Numbers:
<ul>
<li>
1247 Active Listings as of December 1st
</li>
<li>
96 expired listings
</li>
<li>
233 listings with price change
</li>
<li>
374 homes sold
</li>
<li>
91 homes pending
</li>
<li>
350 homes active under contract
</li>
<li>
140 open houses over the last 30 days. 
</li>
</ul>
In our Report Card and Remodelers Shows we have discussed how election years can cause some uncertainty in the housing market—how that the election is over—the crystal ball for 2025 looks promising –even DYNAMIC.
Yes DYNAMIC BUT:
<ul>
<li>
Shifting winds—experts predict a transition from a seller’s market to a more balance one in 2025—meaning buyers might have some LEVERAGE and BREAKING ROOM to negotiate. 
</li>
<li>
Inventory on the rise is good news for buyers. Analysists expect more homes to trickle onto the market in 2025 –and that could translate to less competition and maybe lower home prices
</li>
<li>
Mortgage rates could be in for a bumpy ride—you can expect mortgage rates to settle later-----predictions suggest they’ll fluctuate throughout 2025 with periods of opportunity for refinancing when rates dip. 
</li>
<li>
For Sellers—the rise in inventory could make it a little trickier to get top dollar for the home in 2025
</li>
<li>
Stay informed—stay Empowered—the housing market can be complicated and 2025 is expected to be no different. Listening to this show twice a month gives you a collection of experts that can help---and are.
</li>
</ul>
Neal King---Building Permits City of Sioux Falls is thinking we will hit 1.03 Billion for the year in sales. 4th year in a row---and 2025---is really anybody’s guess. 
Teddi Mueller—Home Builders Association Executive Director—joined us looking at the rest of 2024 and into 2025----she joins us at least twice a month—and we always keep you posted on upcoming events involving housing, showings and opportunities. 
Dave Kelly—Home Equity Check Up was on his plate---and the HECM—we looked ahead---and know that you don’t want to search without Talking with a

Bill Zortman brings entrepreneurs and community and state leaders together to talk about business.

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