Posts in category 'Market Updates'
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
13
Lack of Listings Slowing Down the Market
The real estate market is moving more and more into a complete recovery. Home values are up. Home sales are up.
Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.
However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout the summer, supply is not keepi...
20
Optimism & Opportunities
Guest Post by Broker/Owner Chris Beason
If you're tired of negativity surrounding the change in administration, you may want to go speak with someone in the real estate industry for a more positive outlook on the times ahead. This time of year, we like to get input from a variety of sources on the outlook for the coming year. By asking general questions about potential strengths, weaknesses, opportunities, and threats in the coming year to various sectors of the real estate markets, we gather a tremendous amount of input on what's in store. We expected comments relating to the instability and unpredictability surrounding any administration change. But this year there seems to be a tremendous amount of optimism about the real estate market in the coming year and most of the excitement was around some general opportunities:
- Strong Market Conditions & Stable Home Price Appreciation
- Pent-up demand in the upper-end
- Buyer urgenc...
18
High Demand for Affordable Housing
We continue to have a bifurcated market with strong demand for and low inventory of affordable homes for sale, but low demand for and abundant inventory of expensive homes for sale. Recall that fewer than 4 months of inventory is a seller's market, 4-6 months is balanced, and greater than 6 months of inventory is a buyer's market. Below is a sampling of our markets:
| Area | Months of Inventory | |
| Cedar Rapids Area | ||
| Below $350,000 | 4.5 | |
| Above $350,000 | 8.8 | |
9
New Homes Market Steadies Regionally
1
2016 In Review
Single Females are the second largest demographic 
