Page 4

Home Prices Continue Appreciating in Our Region Five-year home appreciation in our region was between 6.33% and 14.94% with all of our local Metropolitan Statistical Areas (MSAs) experiencing positive growth. Nationally, the quarter over quarter DSSUHFLDWLRQUDWHUHĂ€HFWVSDVW\HDUVÂś rate of appreciation. However, the month over month slowdown in growth has sparked a deeper analysis. Federal Housing Finance Agency (FHFA) Supervisory Economist Andrew Leventis says, “This (monthover-month growth) is a much more modest pace of appreciation than we’ve seen in some time and most likely Metropolitan Statistical Areas (MSAs)

Cedar Rapids, IA Davenport-MolineRock Island, IA-IL Des MoinesWest Des Moines, IA Dubuque, IA Iowa City, IA USA

UHĂ€HFWVDFFXPXODWHGSUHVVXUHVIURP VLJQLÂżFDQWO\UHGXFHGKRPHDIIRUGDELOLW\´ In the past year, home prices are up: 2.55% in Dubuque; 2.72% in Iowa City; 3.24% in the Quad Cities and 0.97% in Cedar Rapids. This compares to other cities: Des Moines up 5.01% and Chicago, IL up 3.75%. This data is provided by the FHFA for the second quarter of 2016. “Our region continues to show positive gains,â€? said Caroline Ruhl, president of 5XKO 5XKO5HDOWRUVÂł7KHWUHQGVUHĂ€HFW that investing in real estate in our region is a safe bet as we are insulated from the national highs and lows.â€?

Percent Change in House Prices 1 Year 5 Year

2016 2nd Quarter National Ranking of 259 MSAs*










+2.55% +2.72% +5.61%

+11.21% +12.08% +29.75%

206 199

Reg Through September Burlington Area (Southeast Iowa Regional Board of

Cedar Rapids Area (Cedar Rapids Area Assoc. of R Southeast Cedar Rapids Northeast Cedar Rapids Southwest Cedar Rapids Northwest Cedar Rapids Hiawatha & Robins Marion

East of I-380: Mechanicsville, Anamosa, Mt. Vernon, L West of I-380: Walford, Fairfax, Atkins, etc. Corridor Area: Solon, Ely, Swisher Condominiums Clinton, Camanche & Fulton (Quad City Area Realt DeWitt (Quad City Area Realtor Assoc.) Dubuque Area (Dubuque Board of Realtors) Dubuque North, South and West Dubuque Illinois Wisconsin

Galena & Galena Territory (Realtor Assoc. of North

Galesburg Area (Capital Area Association of Realto

Illinois Quad Cities (Quad City Area Realtor Assoc. Rock Island Milan & Rural Rock Island County Moline Coal Valley, Rural Moline, Miscellaneous

Information courtesy of Federal Housing Finance Agency (FHFA) for second quarter 2016. FHFA stats always run one quarter behind. Their full report is accessible at *Rankings based on annual percentage change in house prices.

East Moline & Silvis Port Byron, Upper Rock Island County

Ruhl Farm&Land Agents Receive Top State Honors The Iowa Farm and Land Chapter #2 REALTORS Land Institute, an organization founded in 1944, awarded six honors to Realtors and Accredited Land Consultants (ALCs) across the state of Iowa during their dinner on September 13 in Coralville, Iowa. The Land Institute is focused on improving real estate professionals’ expertise in activities related to land; including land brokerage, agribusiness, land management, planning and developing, appraising, acquisition, land auctions, and other land specialty areas. Two members of the Ruhl Farm&Land team were recognized for their RXWVWDQGLQJZRUNLQWKH¿HOG(ULF Schlutz, ALC, was awarded Farm & Land Broker of the Year and Austin Mass, ALC, was named the Rising Star. Both were selected from a group of land professionals from across the state. Schultz leads Ruhl Farm&Land, which is a division of Ruhl&Ruhl Realtors. He works with other ALCs to provide services to land owners, for example, 4 •

Mercer County Henry County Condominiums Iowa Quad Cities (Quad City Area Realtor Assoc.) Davenport Bettendorf & Riverdale Blue Grass, Buffalo, Durant & Walcott LeClaire, Pleasant Valley & Princeton North Scott County Miscellaneous Condominiums Iowa City Area (Iowa City Area Assoc. of Realtors) Iowa City Coralville



Northwest Iowa City

Ruhl&Ruhl Realtors (563) 299-4407

Ruhl&Ruhl Realtors (563) 288-2997

Northeast Iowa City



Southeast Iowa City

evaluating land value and soil quality, and connecting clients with land management and auction services. Maas was “humbled and honored� to receive the award. He said, “I enjoy my work every day whether I’m focusing on hunting ground, farm land or acreages. I love the people and the land.� Past Ruhl&Ruhl winners of the Farm & Land Broker of the Year include Dennis Stolk, ALC, and Ken Paper, ALC. More information can be found at

Southwest Iowa City Corridor Area Miscellaneous Condominiums

Muscatine & Wilton Area (Muscatine Board of Real Muscatine Wilton Muscatine Outlying Condominiums

Southwest Wisconsin - Grant & Lafayette Co. (S. C

7KLVUHSUHVHQWDWLRQLVEDVHGLQSDUWRQGDWDVXSSOLHGE\WKH5($/725$VVRFLDWL The merger of the Clinton MLS is causing some data to be suspect. The merger

Steve Hart Facts and Trends Fall 2016  
Steve Hart Facts and Trends Fall 2016