It’s close enough to the end of the year to have a peek at 2009 home sales for the area. There were 2,331 homes sold for an average $182,708 that sold in an average of 102 days. In 2007 there were 2600 sales and 2300 in 2008. I’d day we’re pretty stable!
Two tax credtis for home buyers: $8,000 for first time and $6,500 for existig home owners! This is serious stimulus! Details here: http://www.federalhousingtaxcredit.com/
There is an Iowa program to help flooded commercial properties. The Iowa The Disaster Recovery Business Rental Assistance Program will reimburse 6 months of rent up to $50,000 for properties that have been flooded. Check: http://www.iowacityarea.com/News/Detail/Commercial_Rental_Assistance_Program_applications_available_now.aspx
1) The Current Condition of Real Estate in Iowa City? The residential real estate market, and as a following indicator, the commercial real estate markets are currently guarded, but healthy. Historically, for the last 20 years, or so, homes have increased in value by about 4% per year, have sold in 90-120 days and have sold for about 98% of what they were listed …
Ok, composting is next in my effort to adopt a greener lifestyle at home. I read about composting, and as a child we composted all of our organic kitchen waste, although we never used the compost for anything. We had a serious amount of material when I finally left home and I never really found out what happened to it. My guess is that …
Ok. So we’re going green…for real. What’s next. We here’s what I think I can do, or at least try. New lights Composting Lower temperature Shorter showers Recycling Pay attention, buy local What I don’t think I can do, so far. After all, the things you buy don’t have the same personal impact as the things you do. Replace windows More insulation Solar, or …
GREEN. There is a lot of talk about GREEN these days. Green building, green living, green speech, green cars…so much I started to wonder what it really means to be GREEN, or to go GREEN. I got an email about a Realtor class offering a green designation. Well, I needed the CEU’s so I signed up thinking that I might actually learn …
Virtual tours are not really new, but the technology has improved to the point where they can be really useful. They’re a time saver for anyone looking at property listings online. Virtual tours have been used in residential listings for a few years, but I have not seen many for commercial listings. The property descriptions can be interesting, photos very helpful, but a virtual …
Yes, we are in a recession and boy am I sick of hearing that. Believe me, I know there are real problems with this economy, but the self fulfilling prophecy aspect of talking about it is another problem altogether. Let’s see what a recession actually means in Iowa City. I have tracked home sales prices in Johnson County since 1981. My method is …