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We here at KCM are often accused of allowing our belief in the benefits of owning a home to impact how we report on the housing market. We do not hide from the fact that we believe homeownership is a major piece of the American Dream. However, we still try to accurately report on the facts behind all industry news. Yet, there seems to be a consorted effort by some media to concentrate on only the negative aspects of any report which is released on housing. As an example, when Fannie Mae released their most recent monthly National Housing Survey, DSNews ran an article titled Americans Harbor Glum Outlook for Housing and the Economy. With a title like that, you would think Americans saw both the economy and housing in a free fall.
Please join us for the upcoming Fall Preview Parade of Homes event. The parade will be held September 17th, 18th, 21st, 24th & 25th from 1:00 p.m. – 5:00 p.m. on Saturday and Sunday and 5:00 p.m. - 8:00 p.m. Wednesday –Friday. As always, the parade of homes is free to the public.
Many of the top builders in the Quad Cities participate in this event as it showcases new building trends in new construction homes. There are twenty four homes to tour with half of them being held open by Ruhl&Ruhl agents. Please see the homes Ruhl&Ruhl agents are showing below:
The value of farmland is on the rise because of an increasing demand. Although prices vary based on location and size of parcel, high-quality crop land in the Quad-Cities region and western Illinois is selling for about $8,000 to $9,000 an acre, according toDennis Stolk, of Ruhl & Ruhl's Davenport Farm & Land division. Mr. Stolk said prices can be found on either side of that spectrum, but spring and summer sales have been in excess of $8,000 and acre, with "several now $9,000 and over." That's up from about $5,000 to $6,000 an acre a couple years ago, he said. Iowa farmland increased from about $5,100 an acre to about $5,500 from 2006 to 2010, Shane Johnson, Quad City Area Realtor Association CEO, said. A U.S. Department of Agriculture Land Values Summary released Aug. 4, says the me...
Last week, RealtyTrac released its Q2 2011 U.S. Foreclosure Sales Report. The report confirmed what we are hearing in the marketplace – banks are beginning to look more favorably on short sales as option to foreclosure. The report dissected the sales of distressed properties in the second quarter of 2011. Here are several of their findings:
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