Brandon market seeing influx of new residents

Brandon market seeing influx of new residents


The housing market in Brandon is seeing a recent boom according to area realtors. The inventory in southeast South Dakota is lower than in recent years, and Brandon realtor Michael Gross said his office at Hegg Realtors in Brandon is moving at a frenetic pace.

“Real estate is nuts right now,” Gross said. “The Brandon market is amazing right now. Usually this time of the year we have 18-24 houses on the market. Right now we have 12, which is insane because they’re flying off the shelf.”

According to the Realtor Association of the Sioux Empire (RASE), new listings for Brandon are down 15.4% in September over last year at the same time. The overall inventory of homes for sale in Brandon is down 48.6% from last September. Board President Larry Luetke said other smaller communities around Sioux Falls are seeing the same impact.

He said communities such as Brandon are appealing because people want to enjoy the amenities of Sioux Falls without living in the city.

“Everyone is coming to the area. The demand is just so great,” Luetke said. “There are all kinds of people all over the nation that are either talking about visiting South Dakota, or moving here. Our inventory is just getting eaten up faster than it can come out.”

According to RASE, the Brandon area has 2.0 months supply of inventory. Last year at this time the number was 5.2, down nearly 62%.

Gross agreed that the lack of inventory is in large part due to the influx of people moving in from out of state. He said he fields calls daily from people in California, Arizona, Texas and Colorado and usually sells one house per week to someone in that situation.

Gross said he’s seen mostly young families that are inquiring about Brandon. Older families, Gross said, are looking in Sioux Falls, but the Brandon Valley school district has made a difference for him in Brandon.

Gross said the sales have been mostly in existing homes. New home construction has slowed this summer because the price of lumber has jumped. The pandemic has also slowed production of things like air conditioners and other household necessities.

“The home they could have built 4-5 months ago, they can’t build it for that price anymore,” he said. “The demand is there, but the supply isn’t because of the lumber.”

Gross said his Thanksgiving weekend is already booked. He received an inquiry from a potential buyer from northern California. Her husband is an engineer and asked Gross not only about the realty market, but also the job market in the area. 

Gross said he gave her some ideas in the engineering field. She later called back and said her husband was applying for jobs and was…


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Packaging Equipment Market Report Till 2025 | Global Manufacturers Analysis

Packaging Equipment Market Report Till 2025 | Global Manufacturers Analysis

This report on Global Packaging Equipment Market details about the market size, market growth rate and global forecast for the next five years i.e. 2025. The report is a complete analysis assessing the pricing trends, market consumption and sales forecasts. This study covers the competitive landscape by profiling the major market players. The vital information of the market is collected through authentic sources and reviewed by industry experts.

The global Packaging Equipment market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx% in the forecast period of 2020 to 2025 and will expected to reach USD xx million by 2025, from USD xx million in 2019.

The Packaging Equipment market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

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The major players covered in Packaging Equipment are:

  •     Barry Whemiller
  •     Dover
  •     Mamata
  •     Coesia
  •     Automated Packaging Systems
  •     Krones
  •     Graphic Packaging Holding
  •     Pro Mach
  •     Nordson
  •     GEA Group
  •     Illinois Tool Works
  •     Multivac

By Type, Packaging Equipment market has been segmented into

  •     Filling Equipment
  •     Labelling And Coding
  •     Sealing
  •     Wrapping
  •     Other

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  •     Food
  •     Beverages
  •     Pharmaceutical
  •     Chemical
  •     Other

The report offers in-depth assessment of the growth and other aspects of the Packaging Equipment market in important countries (regions), including:

  •     North America (United States, Canada and Mexico)
  •     Europe (Germany, France, UK, Russia and Italy)
  •     Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  •     South America (Brazil, Argentina, etc.)
  •     Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)

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Chapter 3, the Packaging Equipment competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Packaging Equipment breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.
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Who gains from RCEP, Asia’s new trade pact?

Who gains from RCEP, Asia’s new trade pact?

Critics claim it will be dominated by China; but that is only part of the story

IT TOOK EIGHT years of gruelling negotiations to agree on the Regional Comprehensive Economic Partnership (RCEP), which was signed by 15 countries in Asia and the Pacific on November 15th. The world’s newest and biggest regional trade deal is not the deepest. It eliminates fewer tariffs than normal, and some only after two decades. Its coverage of services is patchy, as is that of agricultural goods. India is not a member. Still, when leaders met virtually to sign on the dotted line, they hailed the pact as a triumph.

RCEP began as a tidying-up exercise, joining together in one overarching compact the various trade agreements in place between the Association of South-East Asian Nations (ASEAN) and Australia, China, Japan, New Zealand and South Korea. That limits how much trade will be newly affected. Of the $2.3trn in goods flowing between signatories in 2019, 83% passed between those that already had a trade deal.

Some trade will be newly affected, though. China had no existing deal with Japan, for instance; nor did South Korea. So RCEP’s economic impact will be more than a rounding error. Peter Petri of the Peterson Institute for International Economics, a think-tank in Washington, and Michael Plummer of Johns Hopkins University estimate that Japan and South Korea will gain the most. By 2030 their real incomes are expected to be 1% higher than they would have otherwise been.

Perhaps the biggest benefits will come from RCEP’s rules of origin, which set out how much regional content a product must have for it to enjoy lower tariffs. ASEAN has trade deals in place with China, South Korea and Japan, but a coffee cup exported by a member may face three different sets of rules depending on the destination.RCEP helps by offering companies one set of rules (and paperwork). Rules on content are relatively liberal: many products will need just 40% of their value to be added within the region in order to take advantage of lower tariffs.

Members may hope that RCEP ensures the resilience of supply chains by supporting new, competitive production bases that can withstand the sudden imposition of trade restrictions. The region’s vulnerability to such actions became clear this year, when many in the G20 group of countries applied restrictions during the pandemic. These tended to hurt ASEAN members most often, according to analysis by Global Trade Alert, a monitoring group.

Curmudgeons complain that RCEP will promote regional trade and supply chains at the expense of those that involve non-members, however. Stronger rules covering competition, state-owned firms or product standards might have allayed those fears. But it seems that agreeing on those was too difficult, partly because RCEP’s members are at vastly different levels of economic development.

For any of these predictions to come true, signatories must first ratify the agreement. Deborah Elms of the Asian Trade Centre, an advisory firm, reckons that could happen by January 2022. Some hope India will join after that, but the chances seem slim. (It withdrew from negotiations because of worries its industry would be swamped by imports from China.) Others hope RCEP will revive American interest in the region. Domestic politics will make bold trade initiatives hard for a Biden administration. But it will be watching. ■

This article appeared in the Finance & economics section of the print edition under the headline “Big deal”


Author: Nov 21st 2020

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Zee Business LIVE TV | Breaking News | Stock Market Update | 11th November 2020

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Uttarakhand Govt Jobs 2020. Apply Vacancies उत्तराखंड सरकार नौकरियां

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Cosmetic Market Outlook, Demand and Rising Trends 2020 to 2025

Cosmetic Market Outlook, Demand and Rising Trends 2020 to 2025

Global Cosmetic Market Research Report published by market insight reports explores the current outlook in global and key regions from the perspective of Major Players, Countries, Product types and end industries. This report analyzes top players in the global market, and divides the Market into several parameters.

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Hair Care
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Brandon market seeing influx of new residents

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