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Posts from November 2016

Ruhl&Ruhl REALTORS

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November
28


Whether you are buying or selling a home, it can be quite an adventurous journey; you need an experienced Ruhl&Ruhl Realtor to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO. The 5 Reasons You NEED a Ruhl&Ruhl Realtor in your corner haven't changed, but rather have been strengthened, due to the projections of higher mortgage interest rates & home prices as the market continues to pick up steam.

1. What do you do with all this paperwork?

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true Ruhl&Ruhl Realtor is an expert in their market and can guide you through the stacks of paperwork necessary to make your d...

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November
18

We continue to have a bifurcated market with strong demand for and low inventory of affordable homes for sale, but low demand for and abundant inventory of expensive homes for sale. Recall that fewer than 4 months of inventory is a seller's market, 4-6 months is balanced, and greater than 6 months of inventory is a buyer's market. Below is a sampling of our markets:

Area Months of Inventory
Cedar Rapids Area  
  Below $350,000 4.5
  Above $350,000 8.8

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November
14


RIS Media's Executive Editor shares her top fives ways to "plan" for an empty nest, if you can even plan at all!


1. Expect to miss your kids.
I think I was led astray by those parents who said they popped open the champagne when their final child left for college. I was actually terribly sad (my husband was even worse) and I felt like there must be something wrong with me. Since then, I've read several great articles that explained why it's actually OK to grieve when your kids leave the house, one of my favorites being from Rob Lowe. This gave me great relief-I mean, if Rob Lowe could be a mess, so could I. Read the rest of her tips here!

November
9

Steady, if modest, growth in the regional new homes market has continued through the 3rd quarter of 2016. Area Multiple Listing Services (MLSs) have reported a sustained increase of 7% YTD. Both house and condo sales increased equally. At the same time, area inventories are 6% above this time last year, with house supply decreasing 5% while there are 22% more condos available. The average new house sales prices in our larger markets actually fell from $353,779 in 2015 to $350,724 YTD. New condo prices, conversely, rose from $212,983 last year to $239,610. The drop in average new house sales prices actually reflects less activity above $500K. However, overall prices seem to continue their upward trend, as shown by the breakdown in the following charts:

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November
6

A local development project is not all business for a team working to change the South of Six area in Iowa City.  As a young boy, Brad Houser remembers growing up in the South District.  He fished in the ponds, went swimming and rode bikes with his neighborhood friends. Brad, in partnership with Steve Gordon and other builders and real estate professionals, is turning his childhood memories into an inspiration for a new development, Sycamore Developments.  Sycamore's goal is to bring amazing memories to families in Iowa City – and to bring back a neighborhood that is both affordable and allows you to enjoy hiking, fishing, golfing and even scuba diving while being only minutes from the city. A driving force of this project is to improve the Iowa City area.  For ma...

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