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Posts from May 2009

Ruhl&Ruhl REALTORS

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May
29

Fueled by low interest rates, the first-time homebuyer tax credit and the return of buyer confidence, the Quad-City real estate market hit a turnaround in April, local real estate experts said. Although the area's pending home sales were down last month, both the average sales price and the median price rose. According to statistics from the Quad-City Area Realtor Association, the median sales price in April was $113,000, up 15 percent from $98,000 a year earlier. The average price rose 9 percent to $131,392 in April from $118,947 last year. But pending sales were down 10 percent in April, from 368 units in 2008 to 331 units this year. "That tells us the upper-priced homes started to sell again in April," said Caroline Ruhl, president of Ruhl & Ruhl Realtors. Her company saw a 32 percent increase in pending sales in April c...

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May
15

NEWS RELEASE MAY 14, 2009 Contact: Caroline Ruhl, President Office Telephone: 563-441-5200 CarolineRuhl@RuhlHomes.com Note: See Attachments: 1.) NAR Press Release Quad City Home Sales Bright Spot in Country Lawrence Yun, Chief Economist for NAR (National Association of Realtors), reported on "bright spots in the first quarter". The largest single family home price increase in the first quarter was in the Cumberland area of Maryland and West Virginia, where the median price of $114,900 rose 21.1 percent from a year ago. Next was the Davenport-Moline-Rock Island area of Iowa and Illinois at $100,300, up 13.8 percent from the first quarter of 2008, followed by Columbia, MO, where the median price increased 6.0 percent to $152,600. This follow a report by Forbes.com relea...

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May
13

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