Posts from October 23rd, 2014
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Cedar Rapids Real Estate Fall Update: Regional Markets Improving
Despite regional sales volume being down 1% in the first nine months, we are improving and definitely trending in the right direction! Sales Volume By Quarter Compared to 2013 1st 2nd 3rd Year-to-Date -9% -2% +4% -1% There is considerable variation from market to market - six of our markets are down year to date and seven of our markets are up. Overall, the Cedar Rapids market is down 7% in sales volume.
At look at regional real estate trends January 31, 2014 through September 30, 2014. What's Happening in our Markets 1) "Sluggishness in the general economy with lower than expected job growth, stagnant household income and tight credit conditions are taking the expected toll on housing sales," said Steve Murray, editor of the REAL Trends Housing Market Report. 2) First-time home p...
