The housing market is declining across the United States, but in recent years has stayed strong locally.

According to an article in the New York Times, Denver, a city that is blooming in every aspect, has seen their housing market dwindle recently. Sales and construction activity have slowed in recent months. Also, houses that would once have drawn countless offers are now sitting on the market for days or weeks.

The selling prices on houses are slowly rising while asking prices are being slashed to bring in buyers. The decline in the housing market isn’t only in Denver, it has hit cities such as New York, Seattle, and even San Francisco. The common reason behind this issue is home buyers are reaching a breaking point after years of breakneck price increases that far exceed income gains.

In an article from CNN, one of the problems is contractors are not building as much as they used to. With the crackdown on immigration, contractors are losing employees being one cause of the decline in new homes. There are also tariffs on imported lumber making it more difficult and expensive for builders.

Despite what is happening around the country, Sioux City’s housing market is continuing to hold out throughout the years. According to an article in the Sioux City Journal, Kerry Fladung, vice president of the Siouxland Rental Association, says, “It’s easier to find a place. Instead of five people looking to rent one house, maybe it’s 1.5 or 2 people looking to rent one house. And they’re not desperate for it.”

Fladung said that the market is becoming more balanced, unlike how it once was when people would have to drop everything they’re doing and call immediately. Although the rental market is slowing down, Julie Fischer, a Sioux City real estate agent, says the market remains strong.

Madison Schueth, a third-year student but graduating this spring, had thoughts on the housing market in Sioux City. “I feel like its bad” Schueth says but other sources say otherwise. In Schueths defense, she doesn’t plan on staying in Sioux City and plans on living wherever she decides to go to graduate school.

Meagan Andersen, a recent Morningside graduate, says that it wasn’t hard for her and her roommates to find a house. “But I do feel like we just settled. I wish we would have looked at other options.” Andersen says.