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Five-year home appreciation in our region was between 13.62% and 19.86% with all of our regional Metropolitan Statistical Areas experiencing positive gains. In the past year, home prices in our area have increased: +4.10% in Dubuque; +1.53% in Iowa City; +3.05% in Cedar Rapids; and +2.07% in the Quad Cities. This compares to other cities: Des Moines +2.19% and Chicago +2.23%. Of course, there is variation based on price range and location of properties, with more affordable properties appreciating more and expensive properties appreciating less, if at all. On a national level, "house prices recorded their strongest quarterly gain in the history of the FHFA HPI purchase-only series in the third quarter of 2020," said Dr. Lynn Fisher, Deputy Director of the Division of Research and Statistics at FHFA. "Monthly data indicate that prices continued to accelerate during the quarte...
The days of buyers driving by a house and judging it by curb appeal alone are in the past. Buyers want to have a good understanding of a property before taking the time to view it in person. According to The National Association of Realtors®, more than 90% of buyers start their real estate search online. Additionally, in a study that tracked the eye movements of participants as they reviewed online listings, 95.1% of participants viewed the listings' photos
DAVENPORT, IA – For the second year in a row, RuhlHomes.com was honored with a national ranking. Judged against hundreds of other residential brokerages across the nation, RuhlHomes.com ranked number 4 for the second consecutive year for best overall website. It also earned fourth spot for best community and property detail pages, and fifth spot for overall design. View the full ranking information here.
The rankings were conducted and announced by REAL Trends, the trusted source of news, analysis and information on the residential real...
Reported to have been the most costly thunderstorm disaster in U.S. history, the derecho storm that blew through the midwest in mid-August destroyed $60 million worth of infrastructure and property in Cedar Rapids, IA alone. Apart from the financial aspect, the emotional and personal toll was high. The storm caused four deaths and countless injuries. Families throughout the area went without power for weeks, food and water were difficult to come by, and livelihoods were shattered. However, through the chaos of the crisis and the aftermath of the storm, the community has rallied togethe...
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