Posts in category 'Facts And Trends'
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10
National and Local Outlook on Inflation and House Prices
Brian Sullivan, Senior National Correspondent and News Anchor of CNBC's 'Worldwide Exchange', recorded a segment in the Quad Cities earlier this month that included insights from local businesses around our area on how the Midwest is dealing with inflation, mortgage rates, home appreciation, and the housing supply and demand. Brian sits down with John Anderson of Quad Cities Bank and Trust, Tim Baldwin, Co-Owner of Front Street Brewery, and Ruhl&Ruhl's very own Chris Beason to better understand how inflation affects everything from the cost of beer to lumber and supplies for new construction.
"We are very fortunate here in the Midwest to be lagging in some of the natio...
16
Real Estate in 2021 - Plenty of Reasons for Optimism
"The strong housing market in 2020 was a spectacular surprise, and the positive trend will continue in 2021." - Lawrence Yun NAR Chief Economist
After a sharp decline in housing sales due to COVID-19 from mid-March until roughly the end of May, housing sales rose to heights not seen since the record years of 2005-2006. Across our region in 2020 we experienced:
•16% increase in sales volume over 2019
•10% more properties sold than in 2019
•The average sales price increased by 6% compared to 2019
•The number of properties for sale 12-31- 2020 was down by 40% from 12-31- 2019. Inventory has hit an all-time low.
There was considerable variation from market to market, which can be seen on our Regional Activity Chart:
22
Spring Market Exploding - Affordable Inventory Needed!
Record-breaking cold and snowfall slowed housing sales in the region during the first quarter of 2019. Across all of our markets, 5% fewer homes sold than last year. But there was considerable variation from market to market, as shown on our regional activity chart, below. 
Warm April weather has opened the floodgates, releasing pent up buyer demand. Unfortunately, affordable inventory isn't coming onto the market as quickly as the buyers, so we have frustrated first-time buyers with competing offers for lower-priced homes. This is great news for sellers - we just need more of them!
Mortgage Rates Lower than Last Year
Mortgage rates are actually lower th...
29
The Future of Real Estate
The future of real estate is here, and it is awesome! Here at Ruhl&Ruhl Realtors, we pride ourselves in providing our agents and clients with the most up-to-date technologies. Check out some of the ways our agents are keeping up with the fast-paced real estate environment in Dubuque and the Quad Cities!
Jared Althoff, Dubuque
Jared, and many other Dubuque agents, are now utilizing 3D Matterport tours to help sell real estate. These tours give potential buyers a virtual look at the inside of the home, and can rule out any potential buyers who are not serious right away. There are many other benefits, like out-of-town or busy buyers have the chance to look at a property without physically being there. Jared had an experience where an out-of-town buyer started paperwork on a listing, only because they were able to see the home virtually! It also encourages sellers to have their home in "tip-top" shape, as the tour is extremely thorough. Jared notes, "a byproduct of doing this tour is the seller is motivated to have their home beautifully staged!" No matter the benefit, these 3D views are a futuristic way to tour the home. View a 3D tour of Jared's listing here!
Kurt Johnson, Bettendorf
Kurt recently purchased a drone, and has been using it to his advantage in new construction subdivisions. According to Kurt, the images and videos from his drone have helped many potential clients pinpoint the locations of subdivisions like Pigeon Creek and Greyhawk. The Settlement at Pigeon Creek from Ruhl&Ruhl Marketing on Vimeo.
For All Your Real Estate Needs...
Kurt and Jared aren't the only Realtors equipped with the best technology. Every Ruhl&Ruhl Realtor is ready to serve you with the top tools in the business. Thinking of buying or selling real estate? Visit our website at ruhlhomes.com or call us 866.441.1776!
30
Real Estate In Iowa and the Quad Cities Area Shifting to Attract a Younger Generation
With young families and Millennials now looking for alternatives to the brutal housing market in most major cities across the United States, the Quad Cities area has become a bright spots in a very competitive time. Between Davenport and Bettendorf in Iowa, and Rock Island, Moline and East Moline in Illinois, this area has a lot to offer young families and is on a path of growth, hoping to attract and retain new, young resident and bring new talent to the job market. Iowa, in particular, is going to great lengths to attract Millennials. In April, the Iowa senate passed a bill that would support the growth of recreational and cultural activities throughout the state in an effort to stay competitive in the job...
