Posts with tag 'housing market'
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7
Iowa Mutual Lofts: Live in a Piece of DeWitt History
Here's your chance to live in a celebrated piece of DeWitt's history. Iowa Mutual Lofts, represented by Ruhl Property Management, gives you a special opportunity to enjoy modern life in an updated historic building. This iconic structure, once the home of the Iowa Mutual Insurance company, has been renovated and turned into a dynamic place for people to live. You can move in soon and become part of this legacy enjoying today's comforts while soaking up the charm of downtown DeWitt.
3
Iowa Ranked #1 State for Housing Affordability
Did you know that Iowa is ranked the #1 state in the nation for housing affordability? And, according to new research from Moneywise and NAR, Iowa has been named the fifth best state for first-time homebuyers with an average down payment requirement of $23,844.34, beating the national, overall average of $43,870.93. They ranked the 50 states based on the median price for houses in each respective state as provided by Zillow and the average down payment percentage of 13%. The average Zillow home value is $183,418. With ample opportunities for businesses to grow, Iowans are equally committed to building lasting communities that hold the honor of low-cost living.
Iowa has also adopted tax-friendly policies, eliminating tax on retirement income and making strides to decrease individual income tax rates to a flat rate of 3.9%...
6
Is the Market Changing for Buyers?
Buyers today have had to deal with incredibly low housing inventory in an incredibly competitive market. For those leary of moving fast, the uncomfortable pressure of feeling rushed is heavy and ever-present. Even for those who powered though, a restful night of sleep was probably not had until closing papers were signed. It's been rough for buyers, locally and throughout the country, but it appears there is light at the end of the tunnel. In fact, according to experts across the country, the housing market may just be turning a corner.
Inventory Rebound
Housing inventory is rebounding! According to housing experts, nationally we have seen the number of active listings rise by 8.0% in May. However, it's important to note that although there may statistically be more listings than earlier in the year, inventory is still on the low side, especially when compared to pre-pandemic years. Yes, more homes are available, but inventory is still 59.6% lo...
10
National and Local Outlook on Inflation and House Prices
Brian Sullivan, Senior National Correspondent and News Anchor of CNBC's 'Worldwide Exchange', recorded a segment in the Quad Cities earlier this month that included insights from local businesses around our area on how the Midwest is dealing with inflation, mortgage rates, home appreciation, and the housing supply and demand. Brian sits down with John Anderson of Quad Cities Bank and Trust, Tim Baldwin, Co-Owner of Front Street Brewery, and Ruhl&Ruhl's very own Chris Beason to better understand how inflation affects everything from the cost of beer to lumber and supplies for new construction.
"We are very fortunate here in the Midwest to be lagging in some of the natio...
