U.S. home prices hit a record high as sales fell. Here’s how housing experts explain the trends

U.S. median home prices hit record highs for the second consecutive month, while existing home sales fell 5.4% in June. The high prices and mortgage rates have deterred buyers, leading to slow sales. Housing experts attribute this trend to high demand, low inventory, and aging population. Government proposals aim to address housing affordability, while some states have implemented their own policies. Continue reading U.S. home prices hit a record high as sales fell. Here’s how housing experts explain the trends

Union Crossing development in North Sioux awarded $2.71 million grant for housing infrastructure

The South Dakota Housing Development Authority Board signed off on another $19 million in housing infrastructure funding for 19 projects on Tuesday.

Part of that money included a $2,707,580 grant to PBR Capital Group LLC for the Union Crossing Development – Phase 1 in North Sioux City. The project consists of infrastructure development to accommodate 136 homes, which will include 56 single-family homes, 18 triplexes, six fourplexes, and one duplex. Continue reading Union Crossing development in North Sioux awarded $2.71 million grant for housing infrastructure

North Sioux councilors hear bypass meeting complaints; deal with rock nuisance; nudge along new housing development; approve liquor licenses.

It was a busy, long meeting for North Sioux City’s City Council this last Monday evening as they addressed a variety of issues from the ongoing McCook Lake canal to a dog daycare owner unhappy with the several proposed Northshore bypass options to a new housing development in the works west of Sioux Point Rd. and south of Quinella Drive and approved the renewal of a slew of liquor licenses. Then there was the issue of rocks too close to the street. Continue reading North Sioux councilors hear bypass meeting complaints; deal with rock nuisance; nudge along new housing development; approve liquor licenses.