Posts with tag 'eastern iowa real estate'
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Home Price Appreciation Increases Across Our Region
Dubuque Ranks Highest Regionally for One-Year Gain
Five-year home appreciation in our region was between 13.25% and 16.31% with all of our regional Metropolitan Statistical Areas experiencing a positive gain. "House prices have risen consistently over the last 31 quarters," said Dr. William Doerner, Supervisory Economist.
"Although price growth is still positive, the upward pace is softening across the country, especially among states with the largest supplies of housing." In the past year, home prices have changed: +3.95% in Dubuque; +2.87% in Iowa City; +2.40% in Cedar Rapids; and +2.72% in the Quad Cities. This compares to other cities: Des Moines up 3.76% and Chicago up 2.76%. Of course, there is considerable variation based on price range and location of properties, with more affordable properties appreciating more. "Regionally, housing supply has been tightening," said Caroline Ruhl, CEO of Ruhl&Ruhl Realtors. "As a result, we see our home prices ap...
