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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.
New market snapshot feature
I just put a new button on my website titled “market snapshot”. Unfortunately some of what we do is marketing fluff, but this is the real deal. The link sets up a market snapshot based on your search criteria and emails you a full featured, graphic report showing meaningful statistics, maps, and photos. I am excited about this tool and invite you to give …
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!
Welcome to Jeff’s Iowa City Real Estate Blog
Welcome. Local real estate news, that is real real estate news is hard to come by. We’ll fix that! I will sift the statistics and facts and post information relevant to a buyer’s or seller’s interests in Iowa City area real estate.