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Iowa City Real Estate Checkup for Fall of 2009 – Q & A
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 …
Taking Green Home
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 …
Recession…Iowa City Style
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 …
$700 Billion
I cannot even imagine how much money that is. The real question is will this bail out have the desired effect of liberating the commercial credit markets from non-performing, or under performing “sub prime” loans allowing them to start lending to banks and businesses. And will it happen soon. Another question without an answer is what are the long-term effects of this bail out. …
New year, new opportunities
Wow…have I been remiss in posting new material. The market has been so strange and difficult to predict that I just waited on the sidelines and watched the sales to see what was happening. It seems that sales are about the same in 2008 as they were in 2007. This is a good sign. Interest rates are creeping up to just under 7%. This …
Market Update May, 2007
Here is an interesting PowerPoint presentation in PDF form, quoting several reliable sources with information about the current real estate market. The bottom line is that this market is active but very competitive. Click the title “Market Update May, 2007”, and enjoy the show!
It’s a new year!
2007 is shaping up to be a busy year for Realtors. November and December were very slow months, but I got all my filing done! As of January 2, things are popping! There are currently 1583 residential and 349 commercial properties on the market. This is a little higher than previous years, but not significantly. Of the residential listings, 797 are homes, 513 are …