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27
Home Prices Up in Our Markets
Our local markets continue to provide much more stable home prices than the rest of the country. Real estate continues to be a great investment in our region – based on the appreciation in our markets over the past five years. While nationally home prices have fallen 4.41%, in our markets prices are up: 5.69% in Cedar Rapids, 7.83% in the Quad Cities, 13.67% in Dubuque, and 5.83% in Iowa City. View our statistics in Ruhl&Ruhl's most recent copy of Facts & Trends newsletter. According to the Federal Housing Finance Agency, of the 303 MSA's (Metropolitan Statistical Areas) ranked by home price appreciation, all of our markets ranked in the top 14% in the nation – Dubuque at 2nd; Cedar Rapids at 10th; the Quad Cities at 41st; and Iowa City at 42nd. Comparing the second quarter of 2010 to the second quarter of 2009, home prices increased 0.94% in Cedar Rapids and 2.41% in Dubuque; and decreased 0.81% in the Quad Cities and 0.86% in Iowa City. Nationally, prices fell 1.6%. A family-owned company since 1862, Ruhl&Ruhl REALTORS annually sells nearly 3,800 homes in eastern Iowa, western Illinois and southwestern Wisconsin. Caroline Ruhl is the President and owner of Ruhl&Ruhl REALTORS, and is the fourth generation of the Ruhl family to lead the residential brokerage and home services company. Headquartered in Davenport, Iowa, the company has 250 sales associates and 50 employees based in sales offices located in Bettendorf, Cedar Rapids, Clinton, Coralville, Davenport, DeWitt, Dubuque, Maquoketa, and Muscatine, in Iowa, and in Moline, Illinois. In addition to residential sales, Ruhl&Ruhl offers services in relocation, new home sales, farm sales, senior services, real estate investment, property management and mortgage services through 1862 Mortgage. For more information on Ruhl&Ruhl, visit their website at www.RuhlHomes.com .
