According to data provided by Realtor.com, Iowa City, Iowa is one of the 11 cities that homes are selling the fastest! With a very high median sales price and average days on the market a mere 66 this may be the right time, if you were thinking about selling your home. California boasted the highest number of cities where homes tended to spend the shortest amount of time on the market last month. In these 11 cities, the median for days on the market was 160 in March, which is... Headlines created by the numerous foreclosure reports often contradict each other. One headline announces foreclosures are rising while the next talks about the decrease in foreclosure numbers. This has led to tremendous confusion regarding the issue. Let's bring some clarity to the data. There are five individual stages of the foreclosure process that are reported:
1.) 90+ Day Delinquencies
Once a homeowner falls three months behind on their payments, most financial institutions count them in their foreclosure numbers. Why? Less than 2% of those who fall that far behind ever catch up in their payments. The other 98% will end up as a distressed property (foreclosure or short sale). Homeowners in this category don't always receive a foreclosure notice immediately. In some cases, homeowners who have not paid their mortgage in 12 months have not yet received a notice of foreclosure.
2.) Homes in the foreclosure proc...
Ruhl&Ruhl REALTORS is proudly sponsoring the 2011 Quad Cities Chamber of Commerce Schmooza Palooza, a chamber event dedicated to networking and tasting of local eats and drinks. "We are excited to be a part of this exciting event," said Caroline Ruhl, President of Ruhl&Ruhl REALTORS. "We have always been supporters of the Chamber and this event really showcases our support." Schmooza Palooza expects to bring 300 attendees for schmoozing, tasting of hors d'oeuvres from the Quad Cities' most popular restaurants, wine and beer tasting, music and a cash raffle. Please join us!
Schmooza Palooza Thursday, May 19, 2011 5pm – 9pm Modern Woodmen Park 209 S. Gaines, Davenport, IA
A family-owned company since 1862, Ruhl&...
| Company Name | Transactions Rank | Sales Rank | Transactions | Sales Volume | Total Offices | Total Agents |
| Ruhl&Ruhl REALTORS | 92 | 160 | 3,889 | $562,235,310 | 10 | 251 |
| Mel Foster Co., Quad Cities | 113 | 193 | 3,369 | $470,086,782 | 9 | 251 |
| Skogman Realty, Cedar Rapids | 152 | 222 | 2,702 | $418,588,110 | 5 | 217 |
| Coldwell Banker Mid-America Group, REALTORS, Des Moines | 159 | 228 | 2,638 | $412,640,844 | 5 | 205 |
I was in a conversation with one of the most productive agents in our area recently and he told me that there were "no homes for him to sell". I thought he had a brain cramp. Look at all the 'For Sale' signs, all the homes on MLS, all the short sales and foreclosures plus the entire shadow inventory on its way. Had this respected agent lost his mind? As he saw the puzzled expression on my face (which was his intent), he began to explain that every home that is priced correctly is being gobbled up by buyers right away. The only homes that remain on the market for more than 30 days are the ones where the price doesn't COMPEL a buyer (even multiple buyers) to make an offer. I pondered his assertion for a while and his premise began to make more and more sense because I am witnessing: Increased a...