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Iowa City Area – 2012, Commercial Real Estate Status and Confidence
Iowa City Area – 2012 Commercial Real Estate Status and Confidence Jeff Edberg, CCIM, SIOR In 2007 the real estate housing bubble burst followed by the collapse of the financial markets supporting unsustainably high market real estate prices. The Iowa City area is a unique metropolitan area largely due to the strong and stable influence of the University of Iowa and the University of …
Leased Investments
The Principles of Leased Investments Lepic Kroeger, Realtors Leased investments have always been strong elements of the Iowa City Commercial Real Estate and the Cedar Rapids Commercial Real Estate scene. There are great investment properties in both markets and ample high income investors with a desire to take advantage of the unique benefits a leased investment offers. …
2011 Iowa City Real Estate Recap
The leasing demand in the Iowa City Area has remained modest, yet active since the flood and financial meltdown in 2008 with some qualifications. Larger corporate expansions or relocations have often been put on hold pending perceived stability in the market. Smaller startup, expansion and relocations have been moving ahead albeit at a somewhat tepid pace.Downtown Iowa City This sector is the strongest market …
Last Decade Iowa / US comparison
The Gazette reported in the Wednesday 12-30-2009 addition that basically, prices are higher and incomes are lower than they were 10 years ago. Median income is down $2,000, public debt is double and gas is 30% higher. At least the Iowa City housing market is stable. This is good news if you’re a real estate broker, or a home owner! I believe it also …
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 …
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 …
Home sale prices off 10% for 2008
Yikes! Home prices for 2008 will be down 10% nation wide! Some markets like Miami are down almost 30%, followed by San Francisco which is down by 25%. Iowa City is somewhat insulated from national trends, but it not immune to the influence of national real estate trends.