Posts from December 13th, 2010
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13
Real Estate a Great Investment in Our Region
Home prices continue to be stable in our markets in eastern Iowa, while the rest of the nation experiences declines.
Nationally home prices have fallen 8.36% in the last five years, but all of our markets' prices are up: 9.25% in Dubuque; 7.22% in the Quad Cities; 5.68% in Cedar Rapids; and 5.43% in Iowa City. According to the Federal Housing Finance Agency, of the 299 MSA's (Metropolitan Statistical Areas) ranked by home price appreciation, all of our markets ranked in the top third in the nation – Quad Cities at 29th; Cedar Rapids at 72nd; Dubuque at 80th; and Iowa City at 95th. Our local markets continue to provide much more stable home prices, showcasing our real estate strength compared to the rest of the country. Real estate continues to be a great investment in our region – based on the appreciation in our markets over the past five years. A family-owned...
