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Posts in category 'Home Price Appreciation'
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December
21
21
Homes Values Appreciate Between 3.10% and 9.14% over the Last Five Years in Eastern Iowa and Western Illinois
The eastern Iowa and northwestern Illinois region continues its steady climb in home price appreciation – with all of our markets showing positive gain. This is the 17th consecutive quarterly appreciation nationally. The expected slowdown in appreciation this quarter didn't occur but this could lead to more of a challenge of affordability of housing moving forward according to the Federal Housing Finance Agency (FHFA) Principal Economist Andrew Leventis. In the past year, home prices are up: 1.33% in Dubuque; 3.52% in
January
8
8
House Prices Continue Appreciating
House prices continue steady growth in the eastern Iowa and northwestern Illinois region, along with the rest of the country. Nationally, house prices have increased 9.93% in the last five years, as reported by the Federal Housing Finance Agency (FHFA). In our local markets the gains, while not as large, continue to be positive. Home prices are up: 9.29% in Dubuque; 6.61% in the Quad Cities; 5.70% in Iowa City; and 2.58% in
September
5
5
Iowa City Region's Home Prices Appreciating
The eastern Iowa region continues its steady climb in home price appreciation – with the Iowa City area showing positive gain. In the Iowa City region, home prices are up 2.38% in the past year. This data is provided by the Federal Housing Finance Agency (FHFA) for the 2nd quarter of 2014 (see chart and website below). Nationally, home prices have increased 8.25% in the last five years, while the Iowa City market is up 5.11%. This compares to other markets: Dubuque up 7.83%; the Quad Cities up 3.64%; Cedar Rapids up 2.19; Des Moines up 1.32% and Chicago, IL down 10.29%. Our local gains, while not as large compared to the national average, continue to be positive. We did not have the significant decline in home prices that other markets across the nation suffered, insulating...
August
29
29
Home Prices Appreciating in the Cedar Rapids Region
The eastern Iowa region continues its steady climb in home price appreciation – with the Cedar Rapids area showing positive gain. In the Cedar Rapids region, home prices are up 1.20% in the past year. This data is provided by the Federal Housing Finance Agency (FHFA) for the 2nd quarter of 2014 (see chart and website below). Nationally, home prices have increased 8.25% in the last five years, while the Cedar Rapids market is up 2.19%. This compares to other markets: Dubuque up 7.83%; Iowa City up 5.11%; the Quad Cities up 3.64%; Des Moines up 1.32% and Chicago, IL down 10.29%. Our local gains, while not as large, continue to be positive. We did not have the significant decline in home prices that other markets across the nation suffered, insulating
May
19
19
Spring Real Estate Update: Home Prices Rising in Our Markets
In the past year, home prices have risen in most of our markets. The increases have been driven by declining inventory and pent up buyer demand. The Regional Real Estate Activity Chart below also shows the percent change in average sales price comparing first quarter of 2014 to first quarter of 2013. There is tremendous variation from market to market in our region. The Iowa City Area has the highest average sales price of $209,700, and the Burlington Area has the lowest at $88,900. 
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