Rising interest rates impact on housing

YANKTON, S.D.(WNAX)- Rising interest rates are having a mixed impact on home sales.

Dan Specht, broker with Vision Real Estate in Yankton, says home prices are staying strong.

Specht says snow and cold is having a bigger influence than interest rates.

The South Dakota legislature approved a two hundred-million-dollar housing infrastructure bill. Specht says that will be a big help.

Specht says interest from out of state buyers has slowed down too.