As we reported here on Black Hills mortgage delinquincy rates last quarter, our mortgage delinquincies continued this quarter at near the lowest in the entire country according to Transunion. If anyone still dreams that real estate in the Black Hills is for bottom-fishing, this should be a wake up call.
Our volume of new listings and unsold inventory is way down. Foreclosures in the Black Hills are near the lowest in the entire nation. But for the lower-volume market we do have, prices remains quite strong when compared to the rest of the U.S.
We won't belabor the point. It's already been made. Rapid City real estate is consistently one of the strongest in the U.S. during this so-called downturn. We'll just revel in the sweet feel of our unique market for real estate investments and sales.
In fact, with interest rates near the lowest in many years, highly motivated sellers, and some of the finest investment property in the United States just waiting for you to move...this might be "the time to act."
If you have questions or opinions, please let us know.
Posted by Lee Alley, www.BHhomes.INFO, Rapid City, Black Hills, SD at 1:34 PM
Labels: Market Conditions
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