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Harvard University article about the state of the national housing market for 2021
The housing market is complicated and unbalanced due to Covid “supply side” economics as applied to the housing market. Housing shortages due to owner reluctance to sell, uncertainty of present and future jobs, and dramatically increased building supplies have created shortages and thus much higher housing prices. How long will this last? Is this trend coupled with historically low mortgage interest rates? Will this …
Real Estate Terminology 101
I talk daily with people interested in leasing property and have discovered that the way brokers price property for lease is not very helpful to the public. The small business owner, or start-up company, just wants to know what the rent is for a particular suite, but we in the industry price it by the foot per year on a triple net basis. Now, …
New Demographic Reports
I have just posted new demographic reports for the Johnson County, Iowa area on my commercial website. Go to http://www.iowacitycommercialbroker.com/ and select the demographic tab. I love these reports. They offer in depth, current infomation about this area and give some sort of foundation for decision making.