Posts Tagged ‘eastern iowa’
Friday, January 20th, 2012
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
- Virginia
- Texas
- North Carolina
- Georgia
- Colorado
- Massachusetts
- Minnesota
- Utah
- Iowa
- Nebraska
Keep checking RuhlHomes.com for the most up to date information on the housing market.
Originally Published by: RealEstateBloggers.com
Tags: agents, buying, Buying a Home, caroline ruhl, davenport, eastern iowa, first time buyers, ia, iowa real estate, Iowa Real Estate Market, Real Estate, Real Estate News, Real Estate Sales Volume, realtors, ruhl, Ruhl and Ruhl, ruhl&ruhl, Ruhl&Ruhl Realtors, RuhlHomes
Posted in Real Estate News, Tips & Hints | No Comments »
Friday, April 29th, 2011
According to data provided by Realtor.com, Iowa City, Iowa is one of the 11 cities that homes are selling the fastest! With a very high median sales price and average days on the market a mere 66 this may be the right time, if you were thinking about selling your home.
California boasted the highest number of cities where homes tended to spend the shortest amount of time on the market last month.
In these 11 cities, the median for days on the market was 160 in March, which is a positive increase of 40 percent from March of 2010.
Here is a list of the cities with the fewest median days on the market from March:
Oakland, Calif.
Median days on the market: 50
Median list price: $319,000
San Francisco
Median days on the market: 63
Median list price: $639,000
Denver
Median days on the market: 66
Median list price: $259,900
Iowa City, Iowa
Median days on the market: 66
Median list price: $187,500
Los Angeles-Long Beach, Calif.
Median days on the market: 70
Median list price: $345,000
Stockton-Lodi, Calif.
Median days on the market: 70
Median list price: $175,000
Bakersfield, Calif.
Median days on the market: 70
Median list price: $141,500
San Jose, Calif.
Median days on the market: 71
Median list price: $470,000
Anchorage, Alaska
Median days on the market: 71
Median list price: $279,975
Fresno, Calif.
Median days on the market: 71
Median list price: $170,000
Tulsa, Okla.
Median days on the market: 71
Median list price: $147,900
Please contact Ruhl&Ruhl REALTORS today if you are interested in buying or selling a home, or visit RuhlHomes.com.
Some information and statistics provided by Realtor.com
Tags: agents, buying, Buying a Home, caroline ruhl, eastern iowa, first time buyers, home, home search, housing market, ia, iowa city area, Iowa City homes sales, Iowa City Market Share, iowa real estate, iowa real estate communities, Iowa Real Estate Market, Real Estate, Real Estate News, Real Estate Sales Volume, realtors, ruhl, Ruhl and Ruhl, ruhl&ruhl, Ruhl&Ruhl Realtors, RuhlHomes, sales volume, selling, selling your home, Selling your home in Iowa City
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Tuesday, March 29th, 2011
The value of cropland across the state of Iowa is dramatically on the rise, along with high demand.
“Demand for cropland in our area is the strongest I’ve ever seen,” said Tom Marcus, Ruhl&Ruhl Realtor in the Maquoketa area, who has been selling farmland since 1975. “In greatest demand is high quality cropland Corn Suitability Rating of 80 or higher, followed by average Corn Suitability Rating of 60+, which includes a lot of land in our area.”
The Land Trends and Value Survey, presented by the Iowa Farm and Land Chapter #2 REALTORS Land Institute, reported a statewide average increase of cropland values of 25.4% for the year from March 1, 2010 to March 1, 2011.
The survey attributed the increase to several contributing factors, including strong commodity prices, favorable long-term interest rates, limited amount of land offered for sale, lack of alternative investments, higher livestock prices and fear of inflation.
“The combination of strong demand and short supply of land has only been further fueled by high commodity prices in both grains and livestock,” said Eric Schlutz, Ruhl&Ruhl Realtor in the Muscatine area and Manager of the Muscatine Office.
Not many farms are currently being offered for sale in our area due to the good grain sales and good cash rents, Marcus said, adding that this is a large factor in land values increasing recently.
For the survey, participants are asked to estimate the average value of farmland as of March 1, 2011. These estimates are for bare, unimproved land with a sale price on a cash basis. Pasture and timberland values were also requested as supplemental information.
All nine Iowa crop reporting districts showed an increase. The districts varied from a 15.9% increase in Central Iowa to a 26% increase in West Central Iowa from just September 201 to March 2011. The East Central district, where the majority of Ruhl&Ruhl offices are located increased 19.9% in the past six months and the Northeast district, where the company’s Dubuque office is located, increased 19.3%.
“With the high grain prices and great long-term prospect for grain sales domestically and foreign sales, the farmers in eastern Iowa have a very positive outlook for the future,” Marcus added.
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 250 sales associates and 50 employees based in sales offices located in 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. For more information on Ruhl&Ruhl, visit their website at www.RuhlHomes.com .
Tags: agents, buying, caroline ruhl, davenport, eastern iowa, farm and land, farmland, housing market, ia, il, illinois real estate, Illinois Real Estate Market, iowa farming, iowa farmland, iowa land for sale, iowa real estate, iowa real estate communities, Iowa Real Estate Market, land for sale, muscatine office, quad cities, Quad Cities Real Estate, Quad Cities Real Estate Market, quad city, Real Estate, Real Estate News, Real Estate Sales Volume, realtors, regional markets, ruhl, Ruhl and Ruhl, Ruhl farm and land, ruhl&ruhl, Ruhl&Ruhl farm and land, Ruhl&Ruhl Realtors, RuhlHomes
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Tuesday, March 8th, 2011
When you owe more on your home than its worth, but you have to sell, you need to squeeze every dollar possible from the sale. Here are seven tips for navigating the short-sale process.
1. Know who you owe
A short sale has to be approved by any company that has a mortgage or lien against your home. That includes your first, second, or even third mortgage lender, your home equity line lender; your homeowners or condominium association; and any contractors who’ve placed a lien on your home. Make a list and start talking to everyone early in the process. Ask what documents they’ll need from you.
2. Pick your short sale team
You’ll need to work with a team of short sale experts, including a real estate agent, real estate attorney, and your accountant. Look for agents and attorneys who advertise themselves as short sale experts. Interview at least three, and listen carefully for signs that they understand the complexities of the short sale process. At Ruhl&Ruhl REALTORS we have many agents that are experienced and trained in the short sale process, if you need any help understanding the short sale process please contact Ruhl&Ruhl.
A real estate agent will explain how they arrived at a suggested price for your home. Ask them to show you a sample short-sale package or for an example of a prior short-sale success.
3. Get your documents ready
Gather the paperwork your creditors and mortgage lenders asked to see, like your listing agreement and a hardship letter explaining why you need to do a short sale. You’ll also need proof of what you earn and what you owe as well as copies of your federal income tax returns for the past two years.
4. Expect delays
Despite a federal rule saying banks participating in the federal government’s Making Home Affordable loan modification program must respond to short-sale offers within 10 days, it may take weeks or months for your lender to decide whether to allow you to sell your home in a short sale—and even longer if you must negotiate with more than one lender or lienholder.
Your lender and lienholders don’t have to agree to your proposed short sale. They can reject your terms or make a counteroffer, which can create further delays. A trained real estate professional will help you anticipate these delays and can give you advice if your lender does reject the short sale or counteroffers.
5. Anticipate demands
Discuss with your short-sale team how you should respond to common short-sale demands from lenders. For example, are you willing to sign a promissory note agreeing to pay outstanding amounts after the sale is complete?
6. Know the tax implications
Any unpaid amount of your mortgage “forgiven” by your lender through a short sale may be considered income to you under federal tax rules. Ask your attorney or accountant whether you qualify to exclude that amount as income on your tax returns under the Mortgage Forgiveness Debt Relief Act and Debt Cancellation Act. Also ask if you’ll be required to report amounts “forgiven” by other lienholders, if applicable.
7. Consider how the short sale will affect your credit and what you must pay
Ask whether your lender will report the short sale to credit-reporting agencies. Having a portion of your debt forgiven may negatively affect your credit score, but a short sale typically damages your score less than a foreclosure or bankruptcy.
Ask you lawyer whether you’ll be responsible for paying back the lenders’ loss. If the lender says it will forgive any losses on the sale of your home, get that promise in writing.
Many families across the US are exploring the short sale option; you are not the only one. Ruhl&Ruhl REALTORS is here to help in any way to make the process as easy and convenient for our families as possible. If you would like the help of an experienced and trained Ruhl&Ruhl agent please contact us through our Customer Service department, toll free at 866.441.1776 or visit us on our webpage at RuhlHomes.com
This article includes general information about tax laws and consequences, but isn’t intended to be relied upon by readers as tax or legal advice applicable to particular transactions or circumstances. Consult a tax professional for such advice; tax laws may vary by jurisdiction.
Tags: agents, caroline ruhl, eastern iowa, foreclosure, housing market, ia, il, illinois real estate, Illinois Real Estate Market, iowa real estate, Iowa Real Estate Market, quad cities, Quad Cities Real Estate, Quad Cities Real Estate Market, quad cities short sales, Real Estate, realtors, regional markets, ruhl, Ruhl and Ruhl, ruhl&ruhl, Ruhl&Ruhl Realtors, RuhlHomes, selling a shoirt sale, selling incentive, selling your home, short sale, short sale home sales, short sale incentive, short sale real estate
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Tuesday, March 1st, 2011
There is a very famous saying which asserts “Sell High, Buy Low”. It is obviously great advice no matter what the investment. Below is a graph showing the cycle of investments. It shows the points of maximum risk and maximum opportunity when purchasing. We want to sell high (point of maximum risk) and buy low (point of maximum opportunity).
The challenge is how to determine when we have hit bottom if you are a purchaser. The only time you can guarantee a bottom is after you pass it.
However, there is more and more evidence that the COST of a home has in fact hit bottom. Notice we have used the word COST. Unless you are an all cash buyer, you must take into consideration the expense of financing a property to determine the true cost of purchasing the home. Interest rates have increased over the last quarter; and the rise in rates has counteracted any fall in prices.
Let’s look at an example:
Let’s say you were going to take out a $200,000 30-year-fixed-rate mortgage in November of 2010. At that time, interest rates were 4.17% (as per Freddie Mac). Your principle and interest payment would have come to $974.54. According to the most recent report from Case Shiller house prices fell 3.9% in the 4th quarter of 2010. The most recent report from the Federal Housing Finance Agency shows a 0.8% fall in prices. Let’s use the larger percentage decrease: 3.9%.
For the sake of keeping the math simple, we will now say you can get the same house with a $192,000 mortgage (4% discount from November price). Interest rates are now 4.95% (as per Freddie Mac).
Your principle and interest payment would now be $1,067.54.
By waiting to pay less for the PRICE of the house, the COST increased $93 a month. That adds up to $1,116 a year and over $33,000 over the life of the loan.
We realize that there are other things to consider (ex. the mortgage tax deduction, etc.). This example is just a simple way to show that there is a difference between COST and PRICE.
Bottom Line
If you want to buy low, buy now. It appears COST has hit its lowest point.
Keep checking RuhlHomes.com for the most up to date information on the real estate market!
Some information and statistics provided by: KCM Blog
Tags: agents, buying, caroline ruhl, davenport, eastern iowa, first time buyers, home, home buyer programs, home search, housing market, illinois real estate, Illinois Real Estate Market, iowa real estate, Iowa Real Estate Market, multiple listing service, Quad Cities Real Estate, Quad Cities Real Estate Market, Real Estate, Real Estate News, Real Estate Sales Volume, realtors, ruhl, Ruhl and Ruhl, ruhl&ruhl, Ruhl&Ruhl Realtors, RuhlHomes
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Friday, February 18th, 2011
The conventional wisdom when selling a home has always been to wait until the ‘Spring Buying Season’. Over the years, that has seemed to make sense and is now accepted as a good strategy for those who want to sell their house and receive the best possible price. This real estate market has shattered many previously held beliefs. The wisdom of waiting for a spring market is another belief that is about to fall. Here are five reasons why?
1.) Interest Rates Are On the Rise
Interest rates have spiked up rather dramatically over the last ninety days and are now over 5%. Initially, an increase in rates has a positive effect on the market as it forces buyers off the fence. However, it also eats into a buyer’s purchasing power. As rates increase, the mortgage amount a buyer qualifies for decreases. This will eventually have a negative impact on prices.
2.) Your Dream Home Will Never Be Cheaper
If your family goal is to sell your current house and take advantage of the fabulous selection of properties currently available to buy the home of your dreams, DO IT NOW! Prices will continue to soften in most markets. However, if you are buying, COST should be more important than PRICE. Cost can be dramatically impacted by rising mortgage interest rates. Do the math and decide if now is the time.
3.) Buyers Are Out Early
There is mounting evidence that buyers are coming out earlier this year. A belief that now is a good time to buy coupled with the increase in interest rates has started the buying season early.
The National Association of Realtors just reported that the number of house sales increased 12.9% over last month.
4.) Inventory Increases Every Spring
Every year there is an increase of inventory which comes to market as we approach the spring. Here is the number of listings available for sale in 2010.
- February – 3,531,000
- March – 3,626,000
- April – 4,029,000
We believe there will be an increase in these numbers in 2011 as there is a pent-up selling demand created by the weak market of the last few years. You won’t have to worry about this increasing competition if you sell now.
5.) We Are in the Eye of the Foreclosure Storm
While banks are trying to rectify their foreclosure procedures, there is a large supply of discounted properties which has been delayed coming to market. This inventory will be released sometime in the next few months. Foreclosures sell on average at a 41% discount. When released they will be competing with your house for the buyers in the marketplace. If you are looking to sell in 2011, you want to sell before this inventory becomes your competition.
CNN Money quoted the leadership Of RealtyTrac on this issue:
“We’ve now seen three straight months with fewer than 300,000 properties receiving foreclosure filings, following 20 straight months where the total exceeded 300,000,” said James Saccacio, CEO of RealtyTrac.
“Unfortunately,” he added, “This is less a sign of a robust housing recovery and more a sign that lenders have become bogged down in reviewing procedures, resubmitting paperwork and formulating legal arguments related to accusations of improper foreclosure processing.”
“We expect a spike in the first quarter,” said Rick Sharga, a RealtyTrac spokesman.
Bottom Line
These are five strong reasons to sell now instead of waiting until later in the year. Sit down with a local real estate professional today and decide the best options for you and your family.
Ruhl&Ruhl REALTORS would be happy to help you with your decision. If you do decide now is the time to buy we can help! Contact us in any one of our 10 real estate offices ranging from markets in the Quad Cities to Iowa City.
Tags: agents, buying, Buying a Home, caroline ruhl, davenport, eastern iowa, first time buyers, home, home buyer programs, home buyers, home search, housing market, housing sales, ia, il, illinois real estate, illinois real estate communities, Illinois Real Estate Market, iowa city area, iowa real estate, iowa real estate communities, multiple listing service, New Construction Home Sales, quad cities, Quad Cities Real Estate, Quad Cities Real Estate Market, Real Estate, Real Estate Sales Volume, realtors, regional markets, ruhl, Ruhl and Ruhl, ruhl&ruhl, Ruhl&Ruhl Market Share, Ruhl&Ruhl Realtors, RuhlHomes, sales volume, selling, selling your home
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Tuesday, February 1st, 2011
The National Association of Realtors (NAR) has been reporting great news recently. Last week’s Existing Home Sales Report and this week’s Pending Sales Report both showed consecutive months of increases in the number of homes sold. Finally, buyers are jumping off the fence and taking advantage of one of the most opportune times to purchase a home in America’s real estate history. With an increase in demand, price appreciation can’t be far behind, can it?
Actually, the answer is NO! Prices are not determined by demand alone but in the relationship of demand to available supply. The inventory of homes for sale is still too high and about to surge higher. Along with the news of increased demand yesterday, RealtyTrac released their 2010 Year-End Metropolitan Foreclosure Market Report. The report showed that distressed properties across the country are on the rise:
… foreclosure levels remained five to 10 times higher than historic norms in most hard-hit markets, where deep fault lines of risk remain and could potentially trigger more waves of foreclosure activity in 2011 and beyond.
The report also explained that the foreclosure epidemic is spreading to more and more of our communities:
… foreclosures became more widespread in 2010 as high unemployment drove activity up in 72 percent of the nation’s metro areas — many of which were relatively insulated from the initial foreclosure tsunami.
What does this mean for prices?
Here are a few quotes from this week.
Washington Post:
The closely watched S&P/Case-Shiller report shows that housing prices, compared year-over-year, have declined nationally for six consecutive months. The downward path suggests that housing prices could, by spring, hit their lowest level since April 2009, said David Blitzer, the index committee’s chairman.
New York Times:
A new slide in housing prices has begun in earnest, with averages in major cities across the country falling to their lowest point in many years.
CNN Money:
Barclay’s Bank analyst Theresa Chen doesn’t expect a reversal in housing market trends any time soon, since there is no end in sight to the foreclosure crisis.
“We expect softness to persist,” she said, “as home prices continue to face headwinds from the large pipeline of foreclosures entering the market.”
Housing Wire:
“… we believe that home prices will continue to weaken on a month-over-month basis until spring, and a year-over-year basis through the end of 2011,” the Radar Logic said.
Bottom Line
Prices will continue to soften in the first half of 2011 in most regions of the country. This information should be taken into consideration if you plan on selling your house in the next twelve months.
Keep checking RuhlHomes.com for the most up to date information on the real estate market!
Originally Published By: KCM Blog
Tags: 2011 home sales, 2011 housing market, 2011 market, agents, buying, caroline ruhl, davenport, eastern iowa, home, home prices, home search, housing market, housing prices, ia, il, illinois real estate, Illinois Real Estate Market, iowa real estate, Iowa Real Estate Market, multiple listing service, quad cities, Quad Cities Real Estate, Quad Cities Real Estate Market, Real Estate, Real Estate News, Real Estate Sales Volume, realtors, ruhl, Ruhl and Ruhl, ruhl&ruhl, Ruhl&Ruhl Realtors, RuhlHomes, sales volume, selling, selling incentive
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Wednesday, January 26th, 2011
The Quad-City housing market remains strong, according to the annual prediction of a national real estate firm.
Housing Predictor, an independent real estate research firm based in Destin, Fla., ranked the Quad-City region 24th on its Best 25 Real Estate Markets, according to editor Mike Colpitts. The ranking looked at 234 U.S. markets.
The survey evaluated the Quad-City multiple listing service, or MLS, which includes Scott, Rock Island, Mercer and Henry counties.
“We are doing OK. This prediction is coming out at the worst time of the year and we are still leading the pack,” Shane Johnson, chief executive officer of the Quad-City Area Realtor Association, said.
“The winter months are normally slow in the real estate industry,” said Michael Banks, chairman of the association. “This year, however, things are bubbling more than they have in the past.”
Portland, Maine, topped the list with projected appreciation in local home values rising 3.6 percent in 2011. The Quad-Cities had projected appreciation of 2.5 percent in the coming year.
Colpitts said Housing Predictor did an updated forecast for 2010 in August and the Quad-City MLS ranked 19th with a projected 4.2 increase for 2010. By the end of the year, the market actually finished at 3.3 percent, he said.
“That was 3.3 percent for the market for the full year. That is still a pretty good forecast when compared to the majority of country,” he said.
“The Quad-City area is recovering more quickly than much of the nation, in part, because local lenders and Realtors, perhaps tempered by Midwestern values, were more careful in their practices than those from other cities,” Johnson said. “And, generally our market is more stable which allows us to avoid the huge swings that have played havoc in other areas.”
More than 15 states are projected to experience housing appreciation during the year, based on the annual report. Four Iowa cities were listed among the 25 best markets: Iowa City, seventh at 3.2 percent; Cedar Rapids, 22nd at 2.6 percent; Des Moines, 23rd also at 2.6 percent.
“While these numbers don’t approach the gains we’ve seen in the past, it is encouraging to see improvements in our market and to see where we stand nationally,” Banks said in a news release.
The list of the 25 worst housing markets for 2011 was topped by Bend, Ore., with anticipated reduction in home values of minus 11.5 percent. Rounding out the bottom five were Las Vegas; Atlantic City, New Jersey; Miami, and Medford, Ore.
Keep checking RuhlHomes.com for the most up to date information on the Quad Cities real estate market!
Article Published in the Quad City Business Journal, January 21, 2011.
Tags: agents, caroline ruhl, Cedar Rapids, Cedar Rapids housing market, davenport, dubuque housing market, eastern iowa, home buyer programs, home sales, home search, housing market, ia, il, illinois real estate, illinois real estate communities, Illinois Real Estate Market, iowa real estate, iowa real estate communities, quad cities, Quad Cities Real Estate, Quad Cities Real Estate Market, Real Estate, Real Estate News, Real Estate Sales Volume, realtors, regional markets, ruhl, Ruhl and Ruhl, ruhl&ruhl, Ruhl&Ruhl Realtors, RuhlHomes, sales volume
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Friday, January 7th, 2011
If you are thinking about purchasing a home right now, you are surely getting a lot of advice. And most of that advice is probably negative. Why buy now with prices still falling? Don’t you realize real estate is no longer a good investment? Don’t you know that people who bought five years ago lost their shirt? We understand the concern your friends and family have. However, let’s look at whether or not now is actually the perfect time to buy a home.
There are three questions you should ask before purchasing in today’s market:
1. Why should I buy if house prices are still depreciating?
We believe that in most parts of the country prices will in fact soften in 2011. Price is the major concern for anyone selling a home. When you are buying, COST should be your primary concern however. Your monthly payment (cost) is definitely impacted by the price of the home you purchase. The other major component is the interest rate. Waiting for prices to bottom out while rates are increasing can wind up costing you more over the life of the mortgage.
Over the last seven weeks, rates have increased over 1/2 a point going from 4.17 to 4.86. Waiting for prices to bottom out seems to make perfect sense. Yet, at a time when rates are increasing, it might NOT make sense. Make sure to have a mortgage professional help you with the math before making a decision, 1862 mortgage is here to help! Contact 1862 Mortgage with all your mortgage or financial needs.
2. When will I begin to see appreciation if I buy now?
This is a great question. Macro Markets, LLC is a company that studies housing prices. They started their Home Price Expectation Survey in 2010. They ask 100+ housing industry experts to project housing prices through 2015. The most current survey shows that the experts are predicting prices to soften until 2012. The experts then project prices to rise reaching a cumulative appreciation of over 10% by 2015.
Purchasing a home today makes great sense from a financial standpoint. Think of the old axiom: You want to buy low and sell high. We may be at the low point regarding the COST of a home. But, this decision should not only be a financial one.
That leads me to my third and final question:
3. Why am I buying a home in the first place?
This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with finances. The Fannie Mae National Housing Survey shows that the four major reasons people buy a home have nothing to do with money:
- A good place to raise children and for them to get a good education
- A place where you and your family feel safe
- More space for you and your family
- Control of the space
What non-financial benefits will you and your family derive from owning a home? The answer to that question should be the reason whether you decide to purchase or not.
Bottom Line
The COST of a home will probably remain relatively unchanged even if prices continue to depreciate. Don’t allow money to get in the way of you making the right decision for you and your family. In the long run, the finances will work in your favor anyway.
Keep checking RuhlHomes.com for the most up to date information on the real estate market!
Some information and statistics provided by: KCM Blog
Tags: 1862, 1862 Mortgage, 3 questions, agents, before buying a home, buying, Buying a Home, caroline ruhl, eastern iowa, first time buyers, getting pre approved, home, home buyer programs, home search, housing market, ia, il, illinois real estate, Illinois Real Estate Market, iowa city area, iowa real estate, Iowa Real Estate Market, Mobile Ruhl, multiple listing service, purchasing a home, quad cities, Quad Cities Real Estate, Quad Cities Real Estate Market, quad city, Real Estate, Real Estate Sales Volume, realtors, regional markets, ruhl, Ruhl and Ruhl, ruhl&ruhl, Ruhl&Ruhl Market Share, Ruhl&Ruhl Realtors, RuhlHomes, sales volume
Posted in 1862 Mortgage, Real Estate News, Tips & Hints | No Comments »
Friday, December 17th, 2010
With all the teeth-gnashing over the real estate bubble, the bust and the mortgage mess, you can be forgiven for failing to notice this little tidbit: Housing had a superb decade. In fact, the value of a square foot of housing in the U.S. is up 58% from its January 2000 level, according to data from New York housing analytics firm Radar Logic on the 25 largest U.S. metropolitan areas. That represents an average annual gain of 4.3% in the value of one square foot of housing. While the average gain was impressive, some cities did exceedingly well while others languished. New York came out best of all, with home values rising 6.2% a year, thanks in large part to the explosion in Wall Street wealth. Homes in New York now cost 91% more per square foot than they did in 2000. Los Angeles and Washington, D.C., weren’t far behind, rising 85% and 72%, respectively. Who lagged behind? The usual suspect, Detroit, was the big loser, shedding an average of 3.3% a year during the decade. Houses in and around the Motor City cost 33% less per square foot than they did in January 2000. Las Vegas’ hammering has left houses there 11% cheaper. Cleveland came in third worst, down 9% for the decade.
Keep checking RuhlHomes.com for the most up to date information on the Quad Cities real estate market!
Tags: 10, agents, caroline ruhl, davenport, decade of housing market, eastern iowa, home, home search, housing market, Housing Market Decade, housing market in 10 years, ia, il, illinois real estate, illinois real estate communities, Illinois Real Estate Market, iowa real estate, Iowa Real Estate Market, multiple listing service, Quad Cities Real Estate, Quad Cities Real Estate Market, Real Estate, Real Estate Sales Volume, regional markets, ruhl, Ruhl and Ruhl, ruhl&ruhl, Ruhl&Ruhl Market Share, Ruhl&Ruhl Realtors, RuhlHomes, sales volume, ten years
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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.
