There Really IS a Best Month to Sell Your Home!!!

This Just In: Data Says May is the Best Month to Sell Your Home  From "Keeping Current Matters" -  Wednesday May 2nd, 2018  For Sellers, Move-Up Buyers, Pricing   According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home. For the study, ATTOM performed an “analysis of 14.7 million home sales from 2011 to 2017” and found the average seller premium achieved for each month of the year. Below is a breakdown by month: TTOM even went a step further and broke … [Read more...]

Iowa has Strongest 3rd Quarter in 8 Years!

Press Release - Homes sales and sale prices continue  their steady upward trend in Iowa in September.  This is the strongest third quarter Iowa has seen in 8 years. The median sale price rose 5.9 percent from September of last year.  The median price was $131,750 in September 2014 compared to $139,500 this year. Home sales are up 4.8 percent from September of last year.  3,570 homes sold last month, while 3,406 homes sold in September 2014. Homes sold in the first 9 months of 2015 outpaced the same period last year by 7.9 percent. Homes are still selling quickly in Iowa with days … [Read more...]

Cedar Rapids Home Prices Continuing to Rise and have Fewer Days on the Market

PRESS RELEASE - Homes in Iowa reached a new low in days on market. Sale prices continue to rise. Home sales in August did drop off from a year ago according to the Iowa Association of REALTORS®. The median sale price rose 5.8 percent from August of last year. The median price was $138,000 in August 2014 compared to $146,000 this year. “The low inventory level in many markets continues to shorten the selling process. We reached a new 5-year low with 63 days on market,” stated Jon Yocum, President of the Iowa Association of REALTORS®. “With interest rates still hovering around 4 … [Read more...]

This Could be the Right Time for First-Time Home Buyers!

It's that time of year again!  School has either already started or will be starting for many schools in the Cedar Rapids Area.  Days are getting shorter and the home sales are about to slow down. If you are a first-time home buyer and have been wondering if you should be jumping into this sellers market, this could be the time to do it! The Real Estate market cycles during each season.  You have probably noticed that there are a lot of signs up in the spring/summer and not as many in the fall/winter.  This is true for the school year, as well.  Most parents are not going to be buying a … [Read more...]

Why Should I use a Real Estate Professional to Sell my Home?

Have you ever thought about selling your home on your own?  Saving on the commission you would be paying to hire a real estate professional.  How hard could it be, right?  You could be asking for more than you bargained for... Knowing the Market Real Estate Professionals know the market.  They would be the best resource to help you find the most up to date market information.  By knowing the market they are able to get you the best price for your home.  This will help you sell your home quicker and with less hassle. Marketing your Home Your Real Estate Professional will market your home to … [Read more...]

Sale Prices Continue to Climb! Time to Sell? Time to Buy?

PRESS RELEASE - Sale prices and number of homes sold continue their upward trend. Homes are selling faster than any point in the last 3 years according to the Iowa Association of REALTORS® (IAR). Homes continue to sell very quickly as days on market fell to 75 days as compared to 90 days at this time last year. This is the lowest number of days on market in the last 3 years. Sales increased 7.3 percent from a year ago. 4,134 homes were sold last month as compared to 3,853 homes that sold in May 2014. Active listings were down 3.4 percent and Pending listings were up 5.7% when compared to … [Read more...]

Market Trends for 2014 Show Home Values Rising with Sales Steady in the Cedar Rapids Area

PRESS RELEASE- 2014 Home Prices in Iowa continued to rise this year according to the official yearly housing trends released by the Iowa Association of REALTORS®. The median sale price improved 1.5 percent. The median price was $134,000 compared to $132,000 in 2013. "It is great news to see home values on the rise. This is the third consecutive year with an increase in home prices." stated IAR President Jon Yocum. Home Sales remained steady when compared to last year.  Sales dipped by less than .4%.  37,783 homes sold in Iowa in 2014. In 2013, sold properties totaled 37,930. For the … [Read more...]

Iowa Home Sales and Home Prices Increase in September

Press Release - CLIVE, IOWA (Oct. 2014) – According to the latest housing report from the Iowa Association of Realtors® (IAR), home sales and prices were up in September as compared to last year. The September 2014 Housing Trends Report showed that sales rose .6 percent from this time last year. A total of 3,191 homes sold/closed this September, while only 3,172 homes sold in September 2013. The median sale price increased by 1.6 percent, rising from $131,950 in September 2013 to $134,000 this year. The average sale price also went up 3.9 percent. The average sale price rose from … [Read more...]

Now is the Time for Buyers to take Advantage of Affordability in Homeownership

Press Release-July 2014-Home sales increased in June while home prices rose slightly, reports the Iowa Association of Realtors® (IAR). The IAR’s June 2014 Housing Trends Report show sold activity was up in June 2014 when compared to the number of sold properties in June 2013. Sales increased by 3.6 percent from last year. A total of 4,047 homes sold/closed in June 2014, and 3,905 homes sold/closed in June 2013. The average sale price increased slightly by 1 percent, going from $168,604 last June to $170,334 this June.  The median sale price across the state decreased by 1 percent, dipping … [Read more...]

Home Prices Steady in the Cedar Rapids Region

Press Release- July 2, 2014-The Eastern Iowa housing market continues to show strength, with prices slowly and steadily increasing in most communities. However, according to the Federal Housing Finance Agency (FHFA), home prices in the Cedar Rapids region have decreased 0.74 percent in the past year.Nationally, home prices have increased 5.75 percent in the last five years, while the Cedar Rapids market is down 0.69 percent. This compares to other markets: Dubuque is up 6.85 percent, Iowa City is up 2.45 percent, Quad Cities is up 1.28 percent, Des Moines is down 2.16 percent, and Chicago is … [Read more...]

Iowa Home Prices Increased; Sales Decreased in May

Iowa Home Prices Increased; Sales Decreased in May CLIVE, IOWA (June 2014) – Home prices continued to climb while sales decreased last month in Iowa, reports the Iowa Association of Realtors® (IAR). According to the IAR’s May 2014 Housing Trends Report, the median sale price across the state increased by 1.1 percent, climbing from $137,500 in May of last year to $139,000 this May. The average sale price decreased slightly by 1 percent, going from $161,098 last May to $159,442 this May. “With the expectation that interest rates may rise, we urge buyers to start building wealth and invest … [Read more...]

Home Sale Prices Increase, Home Sales Decrease Slightly

Previously posted by Amy Lucht | May 14, 2014 CLIVE, IOWA (May 14, 2014) – The average Iowa home sale price has reflected positive growth again in April, according to the Iowa Association of REALTORS® (IAR). The IAR’s 2014 April Housing Trends Report indicates the average sale price of homes across Iowa in April 2014 was $152,786, up 4.6 percent from April 2013 when the average sale price was $146,119.  The median sale price increased slightly as well, going from $127,250 in 2013 to $127,500 in 2014, a .2 percent increase. The average sales price to list price ratio (sp/lp) also showed … [Read more...]

Has the Late Spring Affected Iowa Home Sales?

Press Release- CLIVE, IOWA (April 2014) – The latest report from the Iowa Association of Realtors® (IAR) shows that home sale prices continued to increase across Iowa. According to IAR’s March 2014 Housing Trends Report, home prices increased by 1.7 percent from last year at this time. The average sale price was $143,565 in 2013 and $146,059 in 2014. Median Sales Price showed no change, staying at $125,000. Twenty-six local Realtor® boards reported increases in sales price. The number of sales decreased statewide; dropping 16.2 percent from last March. The report indicates a total of 2,300 … [Read more...]

Iowa Home Sale Prices Continue to Rise

Previously posted by Amy Lucht | Feb 13, 2014 NEWS RELEASE - CLIVE, IOWA (Feb. 13, 2014)-According to the Iowa Association of Realtors® (IAR) home sales dipped slightly in January, however home prices continued to rise. In the January 2014 Housing Trends Report, IAR reports that the average sale price increased by another 6 percent and the median sale price was up 3.4 percent.  The average sale price was $136,489 in January 2013 and $144,724 in January 2014.  The median went from $116,000 in January 2013 to $120,000 in January 2014.  Twenty-nine of the 44 local Realtor® boards in the … [Read more...]

Great News for Iowa Property Owners

News release previously by Amy Lucht CLIVE, IOWA (Jan. 21, 2014) – 2013 proved to be the fantastic year that Realtors® around the state were anticipating. “It’s great to see that the real estate market is strong once again. The year ended on a positive note and provides an encouraging look into the future,” says Kathy Miller, a 31 year Realtor® veteran and 2014 President of the Iowa Association of Realtors®. According the Housing Trends Report released by the Iowa Association of Realtors® (IAR), numbers have improved across the board. Sales are up, prices are up, and days on the market … [Read more...]

Iowa Housing Market Continues to Look Strong

As we wind down to the end of the year, it’s good to know 2013 housing market is closing on the strong side. Even though home sales are down right now, Trulia predicts an increase in real estate inventory is predicted this year. Higher home prices will help spur an increase of home listings and even though mortgage rates will increase, home loans may be easier to secure. New mortgage rules in 2014 may make lenders more confident lending money. Contact me today at 319-480-5262 for more details. Press Release from the Iowa Association of REALTORS® The Iowa Association of Realtors® (IAR) … [Read more...]

Fun stuff to know about who’s buying and selling real estate ….

And the Survey Says ….. Recently the National Association of REALTORS® conducted their annual homebuyers and sellers survey. This survey gives insight to what is going on in the world of real estate. Though not every buying or selling experience will mirror what is in the survey, but it does give a good idea of the trends in general.  REALTOR.com survey on Home Buying: Sixty-six  percent of recent home buyers were married couples—the highest share since 2001. The median age of first-time buyers was 31, unchanged from 2012, and the median income was $67,400. The typical first-time … [Read more...]

Home Sales and Prices in Iowa Rose Again in September

Press Release posted by Mark Gavin | Oct 21, 2013 CLIVE, IOWA (Oct. 21, 2013) – According to the latest housing report from the Iowa Association of Realtors® (IAR), home sales and prices continued to follow the upward trend again in September. The September 2013 Housing Trends Report showed that sales rose 7.1 percent from this time last year. A total of 3,020 homes sold/closed this September, while only 2,819 homes sold/closed in September 2012. The median sale price increased by 6.4 percent, rising from $125,000 in September 2012 to $133,000 this year. The average sale price also … [Read more...]

Home prices and sales still on the rise in August

Press Releases Iowa Home Sales and Prices Continued to Climb in July originally posted by Josh Hibben | Aug 14, 2013 CLIVE, IOWA (Aug. 14, 2013) – Home sales and prices continued to increase substantially in July, according to the Iowa Association of Realtors®. IAR's July 2013 Housing Trends Report shows that sales were up 18.3 percent from a year ago, and year-to-date (YTD) sales were also up by more than 8 percent. Throughout Iowa 4,074 homes sold/closed in July 2013, and 3,444 homes sold/closed in July of last year. Listing activity increased in July compared to July 2012 and 2011. … [Read more...]

Home Sales and Prices In Iowa Continued to Climb in May

Press Release – According to the latest housing report from the Iowa Association of Realtors® (IAR), home sales and prices continued to climb across the state in May. The IAR released the May 2013 Housing Trends Report during its Board of Directors Meeting at the association’s summer meetings on Wednesday, June 12 in Moravia. The report reveals that sales rose 10.4 percent, with 369 more homes selling this May than in May 2012. A total of 3,906 homes sold/closed in May, while 3,537 homes sold/closed last May. The median sale price jumped by $7,500 or 5.8 percent. The median sale price … [Read more...]

Iowa home sales and prices rose in April

[social Press Release from the Iowa Association of Realtors(r) ]The latest report from the Iowa Association of Realtors indicates that home sales and prices rose in April. The IAR's April 2013 Housing Trends Report shows that sales climbed 6.1 percent from April 2012. A total of 2,851 homes sold/closed last month, while 2,688 homes sold/closed last April. The median sale price across Iowa rose by 3.2 percent from $124,000 in April 2012 to $128,000 in April 2013. The average sale price also increased by 1.4 percent. The average sale price was $144,813 in April 2012 and $146,885 in April … [Read more...]

Iowa Home Prices are on the Rise

According to a news release from the Iowa Association of Realtors®, home prices are still going up and sales are steady throughout Iowa. “The IAR’s March 2013 Housing Trends Report shows the median price across Iowa increased by 5.9 percent, climbing from $118,000 in March 2012 to $125,000 in March 2013. Similarly, the average sale price increased 4.4 percent. The average sale price was $138,265 last March and $144,372 this March.” Sales across the state increased by 0.7 percent with just 18 more homes selling last month than last March. The total number of homes that sold/closed was 2,672 … [Read more...]

How Late Payments Affect Your Credit Score

In today’s world of large purchases and electronic purchasing we use credit to do a great deal of our business. Whether you’re applying for a home loan or a credit card having a good credit score is your ticket to obtaining a home loan in the Cedar Rapids or surrounding  area. Your credit score is incredibly important and can directly affect your way of life. There are some definite ways to maintain your credit score and therefore your way of life. One important way is by paying your bills on time consistently. According to a recent article on smartasset.com a single late payment … [Read more...]

Home prices up in Iowa, sales dipped slightly in February

Press release from the Iowa Association of Realtors (IAR), home prices were up substantially in February, while sales dipped slightly. In its February 2013 Housing Trends Report, IAR reports the median sale price jumped 12.9 percent and the average sale price was up 11 percent. The median sale price was $118,000 this February and $104,500 in February 2012. The average sale price was $141,326 this February and $127,264 in February 2012. Twenty-six of the 44 local Realtor boards in the state reported increases in the median sale price, and 28 had increases in average sale price … [Read more...]

Can you still deduct your Private Mortgage Insurance on your Taxes?

It’s pretty exciting when you’re looking for your home and getting your financing in order. There are so many things to know and do, it can be overwhelming. What if you don’t have enough money to make a large down payment? Are there still ways to purchase a home in the Cedar Rapids and surrounding area? Your lender may have a solution requiring Private Mortgage Insurance, if 20% is not available for down payment on the purchase of your home. Private Mortgage Insurance (PMI) is actually an insurance policy taken out in for the bank in case a buyer (you) defaults on your loan. It’s taken … [Read more...]

Would you like to buy more house or have a smaller monthly mortgage payment?

Are you thinking about buying? Have you thought about refinancing? Interest rates have hit a record breaking low with an average 30-year fixed-rate loan around 4.09% - levels that we haven't seen since 1951!!  30 year fixed - 4.09% - lowest in 60 YEARS!5 15 year fixed - 3.30% What does this mean for you?? If you were going to buy, you can buy MORE house or pay less for the one you want. A SWEET DEAL INDEED. A $100,000 home with 20% down and an interest rate of 4.09% would have a principal and interest monthly payment of only $386.09 - taxes and insurance not included. If you … [Read more...]

What is YOUR most important reason to buy a home?

What is YOUR most important reason to buy a home? Is it a solid and safe place to raise your family? Does it give you more space for your family to live? Does owning a home give you more control of your environment? Even though those are very good reasons to purchase, is it still a sound investment?  Out of most of people asked, 65% of the general population consider homeownership a "safe" investment. 56% think ownership is more of an asset than any other traditional investment. 69% believe NOW is a good time to buy a home, which is an increase over the last 2 … [Read more...]

Best 25 Housing Markets in the United States by The Housing Predictor

The Housing Predictor, Real Estate News & Forecasts in the Public Interest, posted August 17, 2011, the Recovery in the Best 25 Housing Markets in the United States. If you have been listening to the national housing market reports and seeing what has been going on in the general Cedar Rapids area, things  here haven't been all that bad. The housing inventory is only a few months and we're one of the rare states in which our home prices are appreciating in all of its 2011 markets. We do have foreclosures, but are not the plague they are in most states, which does help the real estate … [Read more...]

Do what I say, Not as I do …

You have decided to sell your home. Many factors play into deciding your next move, but the major decision may be …. Do you hire an experienced REALTOR® or go through one of the many for sale by owner companies? Yes, it may sound like you are saving THOUSANDS of dollars, but is it such a good deal? Recently, the creator of ForSaleByOwner.com, Colby Sambrotto, hired a traditional real estate broker to sell his home. That's right, the company telling you that you can sell your home yourself, hired a professional and paid the standard for their area's real estate commission of 6% for … [Read more...]

Thinking of Selling Your Home? You may not want to wait.

The real estate market in the Cedar Rapids and surrounding communities (like Atkins, Belle Plaine, Blairstown, Cedar Rapids, Center Point, Elberon, Fairfax, Hiawatha, Keystone, Luzerne, Marengo, Marion, Newhall, Norway, Palo, Shellsburg, VanHorne, Vinton, Walford, Watkins, Urbana, Walker, and Mt.Vernon) has really been pretty strong through the entire market downturn. As you can see from the charts below that the only thing declining is the inventory we have on the market. This is good if you are selling your home as there is now less competition than in 2010 and 2009. This is in direct … [Read more...]

Housing market turning around in several rural states

We all know we live in a pretty great state, but even when things are pretty darn tough around here economically, we are better than many other places and it looks like we'll rebound quicker than most states. So what does this mean for you? You may want to really jump off that fence if you're thinking about buying, homes values may be on the rise. If you're looking to sell, homes are selling. HOWEVER, not like they have before or by the same ways agents were marketing before the Real Estate Downturn in 2007. Real Estate Agents need to use more technology and resources never thought of … [Read more...]