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Posts from May 2016

Ruhl&Ruhl REALTORS

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May
29

Andy Yohe received 22 pints of blood after he was struck by a train as a teenager. He lost his legs, but his life was saved thanks to the generous donation of people like you. He continued on to win two gold medals and one bronze medals at the Paralympic games, where he was also the USA sled hockey team captain.

Today, we are lucky enough to have Andy as a part of the Ruhl&Ruhl family, and we continue to support him through our annual blood drives. Will you donate?

[embed]https://youtu.be/T3dDAn9L2iQ[/embed]

Ruhl&Ruhl will once again host a blood drive on Thursday, June 9t...

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May
28

We're hearing more and more about the difficult market for first-time homebuyers, but we want you to know that Ruhl&Ruhl is here to help. A Ruhl&Ruhl Realtor® will be there for YOU, and ensure your questions are answered. Plus, all offices have their very own RuhlMortgage officer there to help answer any financial questions you may have along the way. Here are five tips for first-time homebuyers featured in USA Today.

  1. Understand the buying process and understand your market.

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May
23

    

1. New Look and Feel

mobileRUHL has been renovated from top to bottom. You will see a more attractive interface, which includes more photos overall. Scroll through the gallery to see photos of listings, or view the map to see homes available in a specific area. Any way you view it, you can't lose.

2. More Information Available

When you click on a specific property, you will be impressed with how specific we can get. S...

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May
20

According to the Iowa Department of Education, the state's high school graduation rate has increased for the fifth year in a row. About 90 percent of students in Iowa's 2015 graduating class completed high school within four years. The graduation rate has steadily increased from 88.3 percent in 2011. Officials say Iowa became the first state in the country with a graduation rate above 90 percent last year; however, the U.S. Department of Education has not yet released national data for the Class of 2015. Breaking it down into communities served by Ruhl&Ruhl, the Cedar Rapids area graduation rate is up two percent to 85 percent and the Dubuque area graduation rate is actually higher than the state's average at 91 percent. The Moline, Illinois school district also saw over a 90 percent graduation rate in 2015. Davenpor...

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May
15

Start to Ruhl your move at ruhlhomes.com! Inventory of homes for sale is down, and there is pent up buyer demand. Home prices are going up, and low interest rates make buying another home affordable. All of these factors combined create favorable conditions for prospective home sellers in our region. Inventory of Homes for Sale is Down We consider a buyer's market to be more than 6 months of inventory, a seller's market to be up to 3 months of inventory and a balanced market to be 3-6 months of inventory. Here's how our markets compare: Months of Inventory
Burlington Area 3.6 months Galesburg Area 6.3 months
Cedar Rapids Area 3.1 months Illinois Quad Cities 3.0 months
Clinton/Camanche/Fulton 5.1 months Iowa Quad Cities 2.2 months
DeWitt 1.8 months Iowa City Area 6.3 months
Dubuque Area 3.2 months Muscatine/Wilton Area 3.2 months
Galena & Galena Territory 17.2 months Wisconsin (Southwest) 8.8 months
Home Prices are Going Up The average price of homes sold is going up, reflecting supply and demand imbalances. In our markets where inventory has been depleted the most, we are seeing multiple offers, faster sales and increasing prices. Over the past five years, home prices have appreciated on average:
Metropolitan Statistical Areas % Change in Prices
Cedar Rapids, IA + 4.25%
Davenport, IA / Moline, IL / Rock Island, IL + 4.73%
Dubuque, IA + 9.21%
Iowa City, IA + 10.14%
This varies by price range and neighborhood Upper Price Range Listings Selling More Slowly In our upper price ranges, homes are selling more slowly, and it is actually a buyers' market for existing, resale properties. Below is the price point where markets change to a buyers' market.
Cedar Rapids $350,000 Illinois Quad Cities $300,000
Dubuque $350,000 Iowa Quad Cities $450,000
This disparity presents a great opportunity for move up buyers who can sell high and buy low. Interest Rates Low Many sources are predicting that interest rates will remain low through the end of the year.  This is a result of several factors causing a rally in the bond market, including a slide in the value of the dollar and recent actions of the Federal Reserve.  The bond futures market is predicting only a 5% chance of an interest rate hike in June; however; it is forecasting that they will go up in December. What does this mean for you?  It is an ideal time to consider buying a new home or to refinance an existing loan.  We're seeing 30 year rates around 3.5% and 15 year rates around 2.8%, with no points. The question people need to ask themselves is:  "with interest rates as low as you will probably see in your lifetime, are you living in your dream home?"  For many of you, the next few months will be your best opportunity to make the move into you forever home, or to refinance a current loan at record low rates.
Conventional Fixed 15-year (no points) 2.875%
Conventional Fixed 30-year (no points) 3.500%
FHA/VA 30-year 3.375%
5/1 ARM 2.750%
 
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