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Ruhl&Ruhl REALTORS

Ruhl&Ruhl REALTORS

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January
8

December
21

The eastern Iowa and northwestern Illinois region continues its steady climb in home price appreciation – with all of our markets showing positive gain. This is the 17th consecutive quarterly appreciation nationally. The expected slowdown in appreciation this quarter didn't occur but this could lead to more of a challenge of affordability of housing moving forward according to the Federal Housing Finance Agency (FHFA) Principal Economist Andrew Leventis. In the past year, home prices are up: 1.33% in Dubuque; 3.52% in

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December
1

November
12

As reported by the regional Multiple Listing Services, a decrease in new homes sales of 11% vs. the 3rd quarter last year has erased the modest gains of the first six months and leaves us with a YTD unit decrease of 4% in unit sales.  There have been 4% fewer houses and 3% fewer condos sold through 9/30/15.  At the same time, house inventory has dropped by 15% and condo inventory by 7%, contributing to a total of 12% fewer new home units available.

The price breakdown for new house and condo sales follows:

            Houses:                                      Condos:

Below $300K = 43%                       Below $200K = 58%

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October
22

 Karl Larsen, a Realtor in the Ruhl&Ruhl Iowa City office, has been awarded the Newcomer of the Year by the Iowa City Area Association of Realtors.

"Karl earned and deserves this award as there is no harder worker," said Travis Hiatt, Managing Broker of the Ruhl&Ruhl Realtors Iowa City office. "I'm very proud of what he's done with himself and his business."

Formally a paralegal in the US Army, Larsen joined Ruhl&Ruhl Realtors and the real estate business in 2013.

"I became a realtor for a variety of reasons," said Larsen. "Creating my own business with my own schedule and having the potential for future financial freedom were the main positives. I just knew it was the right thing to do."

Voted on or selected by his peers,...

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