Ruhl&Ruhl Named for Having One of the Most Colorful Trees in the QC

Old summers don’t die, they just explode into color – the bright yellows, oranges, reds and purples of our annual Midwest fall foliage show.

The performance is under way now and will peak in various spots until the end of October.

The northern halves of Iowa and Illinois are expected to experience peak colors about Saturday, Oct. 8, with the southern halves being most colorful a week or so later, according to each state’s Department of Natural Resources. The question of why leaves change color is complicated, but it basically goes like this:

All leaves contain chlorophyll, the green pigment that is critical in photosynthesis, which allows plants to obtain energy from sunlight to make food.

In early fall – as a response to the shorter days and declining intensity of sunlight – chlorophyll production slows down, then stops, and eventually all of it is destroyed.

That is when the carotenoids, the yellow and gold colors always present in leaves, are unmasked and show themselves. They were there all along – in July, for example – but you couldn’t see them.

The red, purple and crimson colors you see in some leaves are produced by a different pigment called anthocyanin, and that is not present until fall, when warm, bright days favor its production (although not in all trees).

That’s why you get the most intense color when the days are clear and sunny, the nights are cool (but not freezing) and rainfall has been ideal.

Predicting color is dicey, and many foresters refuse to do it because it depends upon so many factors – not only the weather in autumn but also spring and summer.

Colors generally continue until the first hard frost, which varies from year to year and can drastically shorten a season. Too much rain can blow the show, too.

 

5 Most Colorful Trees

Maple

Color differs by species. Some maples sports red leaves, while others are orange-red or yellow. Maples produce some of this area’s brightest color in natural areas as well as in landscape plantings. Two redder-than-red maples can be seen at the Ruhl&Ruhl REALTORS  building on Bettendorf’s Middle Road.

Oak

Oaks turn brown-bronze, coppery-red or purplish, depending upon the variety. You can find them in natural areas as well as in landscape plantings. Black Hawk State Historic Site in Rock Island is a fine place to find oaks.

Ash

This native is under siege in many states east of the Quad-Cities because of an invasive pest called the emerald ash borer that kills these trees, so enjoy them while you can. Ashes turn brilliant yellow, red or maroon-purple, depending upon the variety. A particularly showy purple cultivar — appropriately called “Autumn Purple” — can be seen along Davenport’s East 40th Street, east of Forest Road, where they were planted by the Greenway Habitat group.

Staghorn sumac

This is a shrub, but needs to be in a list of fall color contributors because you can’t miss its red leaves on hillsides. And although it’s considered a shrub, it can grow to a height of 25 feet and 15 to 20 feet in width. Branches and twigs are covered with brown, velvety hair that resemble deer antlers in velvet, hence its common name.

Ginkgo

The distinctive, fan-shaped leaves of this ancient tree (it dates to the time of the dinosaurs) turn pure yellow in fall. And after the first really hard frost, the leaves drop all at once. You won’t find these in natural areas, but they are in landscapes here and there. Locations include the corner of Brady and Locust streets and Vander Veer Botanical Park, both in central Davenport.

Bald cypress

This is a deciduous conifer whose green needles turn rusty orange-brown in the fall before dropping off. (It’s “deciduous” because it loses its leaves in fall, a “conifer” because it produces cones.) When the leaves/needles drop, casual observers become alarmed that the tree is dying. Although native, it’s not seen much in natural landscapes. For some small examples, check out the median along 53rd Avenue in Bettendorf.

Sweet gum

The hand-shaped leaves of this tree turn brilliant red in fall; they can be absolutely striking. The tree can be iffy in the U.S. Department of Agriculture Hardiness Zone that includes the Quad-City area, though, so it generally isn’t found in natural landscapes. Rather, it is a landscape plant in our urban areas.

Visit RuhlHomes.com for up to date information on the housing market.

Originally Published by: QC Times

Categories: Tips & Hints

America’s Top 10 States For Business in 2011

Let’s face it, in these economically trying times going to a state that is conducive for conducting business is vitally important. If you are looking for work it does not make a great deal of sense going to a state that hinders a businesses ability to succeed.

Likewise, buying a house in a good business environment makes a lot more sense than doing so where businesses will be struggling. So if you are thinking of moving to a state that is favorable for business this list by CNBC is a very smart tool to use.

Virginia came in as the top state. With it’s pro-business state house and proximity to Washington DC, where growth in government spending has created it’s own jobs engine, Virginia is for business lovers. Texas is in second place, with southern states Georgia, North Carolina, and Colorado rounding out the top 5. The only northeast member of the list Massachusetts comes in 6th owing mainly to it’s educated workforce.

The remaining states on our top 10 list are heartland states; Minnesota, Utah, Iowa, and Nebraska. The worst state in the country is Rhode Island with Alaska not far behind.

So if you are starting a business, looking for a job, or interested in investing in real estate, check out this list of the …
Top 10 States for Business in America for 2011

 

  1. Virginia
  2. Texas
  3. North Carolina
  4. Georgia
  5. Colorado
  6. Massachusetts 
  7. Minnesota
  8. Utah
  9. Iowa
  10. Nebraska

For More Information keep checking RuhlHomes.com

Originally Published by: The Real Estate Bloggers

 

Categories: Real Estate News

Home Sales: Investors Are About to Return

Sales in the housing industry have remained stagnant over the last several months. Though certain categories of purchasers have remained stable and even increased, the number of cash buyers and investors has dramatically decreased. Researchers from Capital Economics recently reported:

“The firm has found that since January, the number of homes purchased by cash buyers and investors has fallen by 26 percent.”

However, we believe these purchasers have not left the market entirely but instead have been waiting on the sidelines.

Both cash buyers and investors are normally looking for a deal/steal on the real estate they purchase. It is our opinion they are waiting for the release of the glut of distressed properties which has been kept off the market while paperwork issues were being cleared. Proof of this can be seen in the decreasing percentage of overall sales the distressed market has represented over the last six months (40% to 29%).

As we posted earlier, this distressed inventory is about to come to market. These foreclosures will have very enticing prices on them. We believe sales will jump.

Bottom Line

The supply of houses will increase; so will demand for this inventory. The impact on prices will be determined by which increases more. Our bet is that supply will still be greater than demand causing further downward pressure on overall prices.

For the most up to date information on the housing market keep checking RuhlHomes.com.

Originally Published by: KCM Blog

Categories: Real Estate News

Cleaning Up the Negative Media on Housing

We here at KCM are often accused of allowing our belief in the benefits of owning a home to impact how we report on the housing market. We do not hide from the fact that we believe homeownership is a major piece of the American Dream. However, we still try to accurately report on the facts behind all industry news. Yet, there seems to be a consorted effort by some media to concentrate on only the negative aspects of any report which is released on housing.

As an example, when Fannie Mae released their most recent monthly National Housing Survey, DSNews ran an article titled Americans Harbor Glum Outlook for Housing and the Economy. With a title like that, you would think Americans saw both the economy and housing in a free fall.

The Economy

The survey definitely showed that Americans were troubled by the economy: 

The percent of Americans who believe the economy is on the wrong track was 78 percent in August, up from 70 percent in July.

Almost eight out of ten surveyed think the economy is going in the wrong direction. That is definitely a gloomy outlook.

The Housing Market

It is true that the percentage of Americans who said home prices would ‘go down’ ticked up compared to last month (27% from 24%). However, the study also showed that sixty-nine percent believe prices would ‘go up’ or ‘stay the same’. *

Also, 69% of those surveyed said it is a ‘good time to buy a home’. That percentage is UP three percent from last month.

How is that a ‘glum outlook’?

Bottom Line

More than two out of three Americans think that prices will remain stable or increase. Over two out of three believe it is a good time to buy. Why is the media telling us that this report shows Americans are glum about the housing market?

Keep checking RuhlHomes.com for more up to date information on the housing market.

*We are not saying we agree with this portion of the survey. We do believe prices will soften. We are asking why the media is reporting on this particular survey and saying something other than what is actually being reported

Article orginally published by: KCM Blog

Categories: Real Estate News

Ruhl&Ruhl Participates in 2011 Fall Parade of Homes

Please join us for the upcoming Fall Preview Parade of Homes event.  The parade will be held September 17th, 18th, 21st, 24th & 25th from 1:00 p.m. – 5:00 p.m. on Saturday and Sunday and 5:00 p.m. – 8:00 p.m. Wednesday –Friday. As always, the parade of homes is free to the public.

Many of the top builders in the Quad Cities participate in this event as it showcases new building trends in new construction homes. There are twenty four homes to tour with half of them being held open by Ruhl&Ruhl agents.  Please see the homes Ruhl&Ruhl agents are showing below:

This is a great event and Ruhl&Ruhl REALTORS looks forward to participating it in every year.  This year there is over $1,000 in prizes that the public is able to enter to win at each home on the tour.  For a full list and map of the homes being held open please check out www.qchba.com.

A family-owned company since 1862, Ruhl&Ruhl REALTORS annually sells nearly 3,800 homes in eastern Iowa, western Illinois and southwestern Wisconsin and is the largest privately-owned real estate company in Iowa. Caroline Ruhl is the President and owner of Ruhl&Ruhl REALTORS, and is the fourth generation of the Ruhl family to lead the residential brokerage and home services company.  Headquartered in Davenport, Iowa, the company has 280 sales associates and 50 employees based in sales offices located in Bettendorf, Burlington, Cedar Rapids, Clinton, Coralville, Davenport, DeWitt, Dubuque, Maquoketa, and Muscatine, in Iowa, and in Moline, Illinois. In addition to residential sales, Ruhl&Ruhl offers services in relocation, new home sales, farm and land sales, senior services, real estate investment, mortgage services through 1862 Mortgage and insurance services through the Nelson Ruhl Agency.  For more information on Ruhl&Ruhl, visit their website at www.RuhlHomes.com.

 

Categories: Real Estate News

Increasing Demand Increases Value of Farmland

The value of farmland is on the rise because of an increasing demand.

Although prices vary based on location and size of parcel, high-quality crop land in the Quad-Cities region and western Illinois is selling for about $8,000 to $9,000 an acre, according toDennis Stolk, of Ruhl & Ruhl’s Davenport Farm & Land division.

Mr. Stolk said prices can be found on either side of that spectrum, but spring and summer sales have been in excess of $8,000 and acre, with “several now $9,000 and over.”

That’s up from about $5,000 to $6,000 an acre a couple years ago, he said.

Iowa farmland increased from about $5,100 an acre to about $5,500 from 2006 to 2010, Shane Johnson, Quad City Area Realtor Association CEO, said.

A U.S. Department of Agriculture Land Values Summary released Aug. 4, says the median price of Illinois farmland was $5,700 an acre in 2011, up $1,680 from 2007. The median price for Iowa farmland was $5,600 an acre in 2011, up $2,230 from 2007.

There’s a “much greater demand than there is supply” of available farmland, said Tom Marcus, a Ruhl & Ruhl Realtor in the Maquoketa area who has been selling farmland for more than 35 years.

“We have very few sellers and people waiting in line to buy.”

“Wehave definitely seen a rise in price per acre of farm ground, particularly in our region,” said Craig Wainwright, owner of Wainwright Realty in Port Byron.

Farmers also are “blessed” right now with high commodity prices, so are “willing to pay more for the ground,” hesaid.

“The 2011 increase continues a string of large increases that began in 2004,” University of Illinois agriculture economist and farm management specialist Gary Schnitkey said in a press release.

The last seven-year period in which Illinois land prices increased an equivalent amount was from 1975 to 1981 when farmland jumped from$846 an acre to $2,188 an acre, he said.

Mr. Stolk said the strong market has been fueled by “good, strong farm profits, high commodity prices and low interest rates.”

“To have corn and bean prices pushing $7 and $14 (per bushel) respectively, that’s pretty positive for land values,” saidKevin Urick, president of the Henry County farm bureau and a RE/MAX real estate agent.

Mr. Urick said a speaker at a commodity conference he attended this summer said that if corn prices rise, so will the cost and value of farmland.”I think people are looking at land like gold right now.”

However, you don’t have to remind “farmers too hard that values can drop,” he said, adding that for now, “I would say they’re pretty steady.”

As the price of land rises, so does the cost for farmers who rent fields. According to the University of Illinois release, the average cash rent in Illinois was $183 an acre this year. A USDA Agricultural Land Values and Cash Rents Final Estimates report said it was $132 an acre in 2006.

According to reports on the Iowa State University Extension’s website at www.extension.iastate.edu, the average cash rent in Iowa was $214 an acre this year, up from $137 an acre in 2006.

It’s currently cheaper for farmers to own land than to rent it, Mr. Marcus, the Maquoketa area Realtor said.

For the most part, land buyers right now are other farmers. Mr. Urick said he heard at the commodities conference that roughly 70 percent of farmland buyers are farmers, and the rest are investors contemplating commercial developments.

Mr. Johnson said it’s good to see that the local real estate industry — commercial and residential –”continues to be in very good shape when compared to other economies around the nation.”

The Quad-Cities area continues “to be a good place to invest in,” he said.

“We have good stability even in the midst of a very difficult economy.”

Article Originally Published by Argus-Dispatch

Categories: Real Estate News

Short Sales: Has Their Time Finally Arrived?

Last week, RealtyTrac released its Q2 2011 U.S. Foreclosure Sales Report. The report confirmed what we are hearing in the marketplace – banks are beginning to look more favorably on short sales as option to foreclosure.

The report dissected the sales of distressed properties in the second quarter of 2011. Here are several of their findings:

  • Sales of homes that were in some stage of foreclosure or bank owned accounted for 31 percent of all U.S. residential sales in the second quarter of 2011, down from nearly 36 percent of all sales in the first quarter.
  • A total of 102,407 pre-foreclosure homes (short sales) sold in the second quarter, an increase of 19 percent from the previous quarter.
  • A total of 162,680 REO homes (foreclosures) sold in the second quarter, virtually unchanged from the first quarter.
  • Short sales on average sold for a discount of 21 percentbelow the average sales price of non-foreclosure homes.
  • REOs on average sold at a discount of nearly 40 percent below the average sales price of non-foreclosure homes.

This could be a great sign that banks are finally realizing the advantages of short sales over foreclosures.

Bloomberg.com quoted Rick Sharga, senior vice president of RealtyTrac, in an article covering the report:

“This is a glimmer of hope that lenders are getting more realistic. It’s a win for borrowers who avoid foreclosure, buyers who get a house in better condition and banks that lose less money, which is also a win for taxpayers.”

Bottom Line

Banks are beginning to do more short sales. It is time for everyone involved to help in this endeavor. Tomorrow, we will have a short sale expert, Christopher Reale, blog on gaining the right mindset to do just that.

Categories: Real Estate News

Ruhl&Ruhl Selected as a Prudential Preferred Broker

Ruhl&Ruhl REALTORS Relocation Department is proud to announce that Ruhl&Ruhl has been selected by Prudential Real Estate and Relocation Services as a member of their Preferred Broker Network for 2011-2012. Prudential’s commitment to their corporate clients is to utilize brokers and sales professionals who have been certified through Prudential Real Estate and Relocation Services Broker Certification program, which ensures quality service delivery to their corporate clients and transferees. Ruhl&Ruhl has many sales professionals who meet the most current Eligibility Criteria and are certified in Destination Services (working with buyers), Marketing Assistance (working with sellers) and Relocation Inventory (corporate owned homes). 

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $641 billion of assets under management as of September 30, 2009, has operations in the United States, Asia, Europe, and Latin America. Prudential’s businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit www.news.prudential.com.

A family-owned company since 1862, Ruhl&Ruhl REALTORS annually sells nearly 3,800 homes in eastern Iowa, western Illinois and southwestern Wisconsin and is the largest privately-owned real estate company in Iowa. Headquartered in Davenport, Iowa, the company has 280 sales associates based in sales offices located in Bettendorf, Burlington, Cedar Rapids, Clinton, Coralville, Davenport, DeWitt, Dubuque, Maquoketa, and Muscatine, in Iowa, and in Moline, Illinois. In addition to residential sales, Ruhl&Ruhl offers services in relocation, new home sales, farm and land sales, senior services, real estate investment, mortgage services through 1862 Mortgage and insurance services through Nelson Ruhl Agency.  For more information on Ruhl&Ruhl, visit their website at www.RuhlHomes.com.

Categories: Real Estate News

Home Prices Stable in Our Markets

Our markets continue to be shielded from the rest of the country’s harsh decline in home prices, with our markets seeing a distinct increase, especially in the Quad Cities and Dubuque.       

Nationally home prices have fallen 17.50% in the last five years, but all of our markets’ home prices are up: 8.51% in Dubuque; 6.35% in the Quad Cities; 3.68% in Iowa City; and 2.73% in Cedar Rapids.

According to the Federal Housing Finance Agency, of the 309 MSA’s (Metropolitan Statistical Areas) ranked by home price appreciation, all of our markets in eastern Iowa ranked in the top 30% in the nation – Dubuque at 11th; Quad Cities at 30th; Cedar Rapids at 79th; and Iowa City at 92nd.

Analysts attribute national declines to the many foreclosures and short sales, as our markets have not been badly impacted as compared to the rest of the country. Local markets continue to provide a much more stable environment for purchasing homes and investing in real estate.

A family-owned company since 1862, Ruhl&Ruhl REALTORS annually sells nearly 3,800 homes in eastern Iowa, western Illinois and southwestern Wisconsin. Caroline Ruhl is the President and owner of Ruhl&Ruhl REALTORS, and is the fourth generation of the Ruhl family to lead the residential brokerage and home services company.  Headquartered in Davenport, Iowa, the company has 285 sales associates and 50 employees based in sales offices located in Bellevue, Bettendorf, Cedar Rapids, Clinton, Coralville, Davenport, DeWitt, Dubuque, Maquoketa, and Muscatine, in Iowa, and in Moline, Illinois.  In addition to residential sales, Ruhl&Ruhl offers services in relocation, new home sales, farm and land sales, senior services, real estate investment, property management and mortgage services through 1862 Mortgage and insurance services through the Nelson Ruhl Agency.  For more information on Ruhl&Ruhl, visit their website at www.RuhlHomes.com.

Categories: Real Estate News

Ruhl&Ruhl Expands to Offer Consulting, Asset Management & Multi-Family Brokerage

Ruhl&Ruhl REALTORS is once again expanding their services to better assist their clients with the establishment of Ruhl Property Solutions, a division dedicated to consulting, property and asset management and multi-family brokerage.

Ruhl Property Solutions was formed due to the need for superior property and asset management services in our markets, said Julie Lonergan, Director of Operations for Ruhl Property Solutions, who has over ten years of strategic planning and business development in the real estate sector and owns over 3,000 residential units.

 “With the recent economic downturn, many real estate investors are looking for an asset manager who can be a source of relevant information regarding property and the potential for that property to earn higher returns in the future,” said Lonergan. “We are equipped to handle that due to our reporting capabilities, which pinpoint where our client’s investments are currently positioned and the course of action to reach their real estate investment potential.  “And we can help with every step in the process – from purchasing and selling your investment properties to management and tenant placement, as well as asset preservation and loan refinancing. It really can be done all in one place with Ruhl Property Solutions.”

Ruhl Property Solutions offers services in asset management, including managing debt structure and renegotiating loan terms, buying and selling multi-family and commercial real estate, property management and oversight, as well as acquisitions. The division’s team has experience in office, industrial, residential, senior housing, and retail transactions and ownership and is prepared to serve different ownership groups, from small entrepreneurial owners to larger institutional investors. The division will initially service the immediate Quad Cities area, with future plans for expansion into Ruhl&Ruhl’s additional markets, including Clinton, Dubuque, Iowa City and Muscatine, Iowa.

Ruhl Property Solutions expands on Ruhl&Ruhl’s existing services to provide property management and tenant placement for single family rentals and smaller multi-family units. As a division of Ruhl&Ruhl REALTORS, Ruhl Property Solutions carries on the commitment to provide service with quality, value and integrity to all of our clients, said Caroline Ruhl, President of Ruhl&Ruhl REALTORS.

Please contact Ruhl Property Solutions to discuss your investment strategies at 563.441.5230 or visit us online at RuhlPropertySolutions.com

A family-owned company since 1862, Ruhl&Ruhl REALTORS annually sells nearly 3,800 homes in eastern Iowa, western Illinois and southwestern Wisconsin. Caroline Ruhl is the President and owner of Ruhl&Ruhl REALTORS, and is the fourth generation of the Ruhl family to lead the residential brokerage and home services company.  Headquartered in Davenport, Iowa, the company has 285 sales associates and 50 employees based in sales offices located in Bellevue, Bettendorf, Cedar Rapids, Clinton, Coralville, Davenport, DeWitt, Dubuque, Maquoketa, and Muscatine, in Iowa, and in Moline, Illinois.  In addition to residential sales, Ruhl&Ruhl offers services in relocation, new home sales, farm and land sales, senior services, real estate investment, property management and mortgage services through 1862 Mortgage and insurance services through the Nelson Ruhl Agency.  For more information on Ruhl&Ruhl, visit their website at www.RuhlHomes.com.

Categories: Real Estate News


Copyright © 2012 Ruhl & Ruhl REALTORS. All rights reserved. Disclaimer: All content on this blog is my own opinion and should not be treated as fact or relied upon when purchasing or selling real estate.