Posts from November 2022
Subscribe and receive email notifications of new blog posts.
RSS Feed
- 2026 | 6 Posts
- 2025 | 47 Posts
- 2024 | 39 Posts
- 2023 | 35 Posts
- 2022 | 58 Posts
- 2021 | 13 Posts
- 2020 | 25 Posts
- 2019 | 11 Posts
- 2018 | 1 Posts
- 2017 | 42 Posts
- 2016 | 66 Posts
- 2015 | 24 Posts
- 2014 | 64 Posts
- 2013 | 44 Posts
- 2012 | 38 Posts
- 2011 | 79 Posts
- 2010 | 38 Posts
- 2009 | 35 Posts
- 2008 | 1 Posts
19
Local Thanksgiving Events Near You!
Thanksgiving kicks off the holiday season with lots of fun, exciting events based around races and delicious food. When it comes to the Ruhl communities, they sure do know how to make the most of the Thanksgiving season!
Quad Cities
Friday, November 11th at 6: 00 PM Paint Party at Rock Island Hy-Vee Channel your inner Van Gogh for Hyvee child-friendly Thanksgiving Turkey Paint Party at Rock Island Hy-Vee Friday, November 11
18
Homeownership Changes Lives - Long Term Benefits Of Homeownership
According to Selma Hepp, Economist at CoreLogic, "For many households, home equity is the only source of wealth creation. As a result, recent record gains in equity and record declines in loan-to-value ratios will provide many owners with a financial buffer in case economic conditions worsen. In addition, record equity continues to provide fuel for housing demand, particularly if households are relocating to more affordable areas." Note: the Quad Cities have recently ranked the 4th most affordable market in the country. The net worth of a homeowner is 40 times greater than that of a renter. So when you compare homeownership to renting, it's a huge differentiator for peoples' long-term wealth gain.
Additional benefits of homeownership:
- Security and stability
- Priv...
17
Market Shifting Due To Rising Mortgage Rates
Earlier this month, our Fall 2022 Facts & Trends Newsletter was released. Ruhl&Ruhl CEO, Caroline Ruhl wrote the lead article tackling the topics of mortgage rates and listing inventory. For more market-specific articles you can view our quarterly Facts & Trends on our website.
Market Shifting Due To Rising Mortgage Rates
10% fewer properties sold across our region during the third quarter of 2022 compared to the third quarter of 2021. Recall that we are comparing today's market to the best market ever in 2021 in terms of real estate sales. Because homes are still appreciating, sales volume was only down 1% during the third quarter, and year to date across our region sales volume is still up 6%. See the activity chart on page 2 for the significant variations from market to market.
3
Iowa and Illinois Housing Costs Are a Bargain
The Council For Community and Economic Research has released its Cost of Living Index for Quarter 3, 2022. The index compares the cost of living data for 265 urban areas throughout the country with the goal of providing an accurate measurement of living cost differences among these areas. Many cities from Iowa and Illinois were included in the report, which compares data on everything from home prices and rental costs to a breakdown of grocery items, transportation, and community goods and services. Housing costs and overall cost of living in our area are well below the national average as noted below:
Cost of Living Index – Housing Costs vs. Overall Cost-of-Living
| Housing Costs | Overall Cost-of-Living | |
| Burlington, IA | 57.3% | 85.6% |
| Cedar Rapids, IA |
