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...]

Have you thought about FHA financing?

The Iowa Finance Authority just sent me the current interest rates on mortgages. They have many mortgage options available for different lending needs. Now, there is an option available if you are thinking about buying (or selling) a home in an Association - FHA financing! Last week the Federal Housing Administration revised some of the rules for condo associations across the country to get certified or re-certified for financing. This is HUGE because it opens individual unit owners up and sellers to FHA-insured mortgages with low down payments. This revision should open up the … [Read more...]