Ruhl&Ruhl REALTORS
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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:
30
Housing Prices Continue Upward Trend
Five-year home appreciation in our region was between 13.62% and 19.86% with all of our regional Metropolitan Statistical Areas experiencing positive gains. In the past year, home prices in our area have increased: +4.10% in Dubuque; +1.53% in Iowa City; +3.05% in Cedar Rapids; and +2.07% in the Quad Cities. This compares to other cities: Des Moines +2.19% and Chicago +2.23%. Of course, there is variation based on price range and location of properties, with more affordable properties appreciating more and expensive properties appreciating less, if at all. On a national level, "house prices recorded their strongest quarterly gain in the history of the FHFA HPI purchase-only series in the third quarter of 2020," said Dr. Lynn Fisher, Deputy Director of the Division of Research and Statistics at FHFA. "Monthly data indicate that prices continued to accelerate during the quarte...
17
5 Ways to Make Your Online Listing Shine
The days of buyers driving by a house and judging it by curb appeal alone are in the past. Buyers want to have a good understanding of a property before taking the time to view it in person. According to The National Association of Realtors®, more than 90% of buyers start their real estate search online. Additionally, in a study that tracked the eye movements of participants as they reviewed online listings, 95.1% of participants viewed the listings' photos
12
RuhlHomes.com Ranks 4th in Nation for Second Consecutive Year
RuhlHomes.com Ranks Nationally for Best Overall Website, Best Design, Best Community Page, and Best Property Detail Page
DAVENPORT, IA – For the second year in a row, RuhlHomes.com was honored with a national ranking. Judged against hundreds of other residential brokerages across the nation, RuhlHomes.com ranked number 4 for the second consecutive year for best overall website. It also earned fourth spot for best community and property detail pages, and fifth spot for overall design. View the full ranking information here.
The rankings were conducted and announced by REAL Trends, the trusted source of news, analysis and information on the residential real...
3
Ruhl&Ruhl Realtors Contributes to Derecho Relief Efforts
Reported to have been the most costly thunderstorm disaster in U.S. history, the derecho storm that blew through the midwest in mid-August destroyed $60 million worth of infrastructure and property in Cedar Rapids, IA alone. Apart from the financial aspect, the emotional and personal toll was high. The storm caused four deaths and countless injuries. Families throughout the area went without power for weeks, food and water were difficult to come by, and livelihoods were shattered. However, through the chaos of the crisis and the aftermath of the storm, the community has rallied togethe...
