Posts from February 28th, 2013
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28
Home Prices Steady in our Markets
Our local markets continue to have stable growth in home price appreciation, ranking in the top 39% in the country.
Information courtesy of the Federal Housing Finance Agency (FHFA) for fourth quarter 2012. FHFA stats always run one quarter behind. Their full report is available at www.fhfa.gov. *Rankings based on annual percentage change in house prices. Nationally home prices have fallen 12.87% in the last five years, but all of our markets' home prices are up: 7.10% in Dubuque; 2.09% in the Quad Cities; 1.73% in Iowa City; and 0.82% in Cedar Rapids. This compares to other cities: Des Moines, IA down 4.82%; Chicago, IL down 25.54%; and the Daytona Beach, FL area down 44.33%. According to the Federal Housing Finance Agency, of the 302 MSAs (Metropolitan Statistical Areas) ranked by home price appreciation, all of our markets in...
