January 19, 2026—9-10---It’s YOUR Business---Show -50-79

From the Blackburn Studios in Downtown Sioux Falls—Become a Blackburn Protected HOME

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  I’m Bill Zortman and Welcome to our It’s YOUR Business Show—show 50-79 in our ORIGINAL IT’s YOUR Business Series….

  Lots to talk about including the 2nd week of the legislative session----where we are headed with the

   But each Monday this month we have been talked about housing and building permits. And this is 4th Monday

   Tony Bachman has joined us---

Last week we talked about new lists, pending sales, and closed sales were up for 2025 compared to 2024 even though these metrics were up they were only up slightly along with days on market and median sales price.  

Another positive metric was the Housing Affordability Index was up also.  The three metrics we have to pay attention too is days on market was up about 7 days in 2025 and when comparing Dec of 2024 to 2025 Inventory of Homes for Sale was down 17.9% and Months’ Supply of Inventory was also down 25% meaning more homes are going under contract than were coming on market which doesn’t surprise us due to many sellers decide to wait until after the holiday season to put their home on the market.  We just seen many buyers out looking and making offers which contrary to traditional trends.

Since January 1st we have seen 314 new listings, 203 homes went pending, and 170 homes sold.  

We have experienced busy open house traffic also there has been 292 open houses since January 1st which is an average of about 100 opens each weekend.  From conversations with agents holding open houses, they all have reported good to great traffic meaning anywhere from a couple sets of people to 10 plus sets of people depending on price point and location.

2026 is shaping up as a cautiously constructive year for housing, with modestly better affordability, more inventory, and a rebound in sales activity. 

Big picture for 2026

• Leading housing economists expect existing‑home sales to finally turn up after several frozen years, with forecasts ranging from roughly 1.7–3% growth to about 14% in some outlooks. 
• Home prices are expected to rise slowly—around 1–4% nationally—so equity generally holds for sellers while buyers avoid the double‑digit price jumps of the pandemic years. 

Inventory and the “lock‑in” effect

• As more owners accept that 3% mortgages are not coming back, life events and job moves are gradually breaking the lock‑in effect; NAR’s chief economist expects about a 14% rise in existing‑home sales tied to more listings. 
• New‑home construction is projected to tick higher (around 1% gains in single‑family building and new‑home sales), and builders continue to use incentives and rate buydowns, creating opportunities for buyers that didn’t exist in 2022–2023. 

Why 2026 can work for buyers

• Buyers see a less frantic market: more choices, fewer extreme bidding wars, and price growth that looks more like inflation than a speculative spike. 
• Slightly lower rates and builder incentives mean buyers can “buy the payment” rather than overpaying on price, while income growth improves qualification for those who were just outside the box in 2024–2025. 

Why 2026 can work for sellers

• Sellers still benefit from positive, if modest, appreciation and from years of accumulated equity, with most forecasts expecting prices to edge up rather than retreat. 
• A projected increase in sales volume and stabilizing days‑on‑market in many metros should help well‑priced, move‑in‑ready homes trade at solid values, even as buyers regain some negotiating leverage on concessions and repairs. 

--------when we come back------we’ll check in with other activities we’ll be following this week in Pierre with the Legislative Session-----

---when we come back---we’ll get the first look at the legislative session from Pierre---stay with us

9:18/20—KELO Commercials

9:20/10---Biz 2

(((Casey Crabtree---Pre-Record on session –week 2)))

    When we come back---we’ll get the first reactions from the Sioux Metro Alliance on the Legislative session----this time from Canton---

9:29/00—KELO Commercials

9:30/30---fox biz news

9:32/40---Biz 3---

   Welcome back to It’s YOUR Business----as you should know week two of the South Dakota Legislative Session has been on the walk ready to be on the run this week-----

   We do as you would expect follow closely on what the Elected State Wide Officials do---plus we watch closely what the Senators and House

Makers are doing.

    There is a lot at stake---and our job is not to just pronounce our takes on what to expect---but let those that live in different areas jump in and make it understandable on what would be at stake—including Jeffrey Tanner---Canton Executive Director------yes one of 17 or 20 communities that we know are watching as the Sioux Metro Group

     Jeffrey welcome to the show---as week one is now in the books what are you seeing in the mind thinking of those in your community that some of these decisions are making serious economic decisions---

---------------Jeffrey-----------

     Canton---we are roughly three weeks in 2026-----biggest concerns there—and some of the goals the community is setting already—

-----------Tanner------------

      Tyler Tordesen---Sioux Metro Alliance---will be with us in the 10:00 hour—what is it you want us to include next hour—

-----------------Tyler----------------

       Meanwhile we’ll keep a close eye on all our communities—and what the elected officials are doing on this January 19th

9:43/00----KELO Commercials

9:45/00---Biz Show 4

---not leadership----         but I think it is----

Nathan Sanderson----and Jason Harms---sD Retailers Association---change—and what to expect------

   What should we know----about the change---about the Retailers Association----and what to expect in 2016---

   Status of the Retailers Association

   What they do---how lawmakers work with them---but the public that frequents Retailers—should be watching for---

---------what you expect from the economy---and from lawmakers in the weeks and months ahead----

  What else we should know----

  We appreciate your insight—and Jason we would like to follow along in your time in the leadership—and what else you perceive for South Dakotans in 2016—

9:55/30—KELO Commercials

9:57/30---Biz show 5

   Just ahead we’ll be following along with the Legislative activities we have seen—we know we have Dr. Martin Luther King day—most organizations in the state are closed but get back to work tomorrow

   We’ll be following along more in the 10:00 hour this morning and it includes the Rock Report as well Mr. Tree----Financials-----Fargo farm updates for all of us-----

   For now our time is up—thank you for yours