Home prices continue to rise, inventory continues to fall short of a balanced market, and the interest rate on a standard 30-year mortgage is hovering around 7.8%. Prescott Area Association of Realtors President and KMF Real Estate Broker/Owner Faye Humphrey says the Quad Cities remains a seller’s market, but she says, “It’s always a great time to buy the right real estate.” For those who remember interest rates of the 1980s in the high teens, 7.8% looks pretty good. But compared to just a few … [Read more...] about Real Estate Values Climb Steadily as Market Struggles for Balance
PAAR
Preparing for the Quad Cities Real Estate Market
Most business owners know that the real estate market is the backbone of every successful community; buyers move in, have families, open businesses, shop locally and so on. Property transactions have a ripple effect that is often a key predictor of economic growth. So, how can property owners, both commercial and residential, prepare for the inevitable ups and downs of the market and ensure long-term equity growth and a solid investment? Here are some things to focus on: History matters. … [Read more...] about Preparing for the Quad Cities Real Estate Market
Will the New Year Deliver Another Hot Real Estate Market?
For those in the business of real estate, 2021 was among the fastest-moving markets in history throughout the Quad Cities area. Some of the statistics are actually hard to believe. However, the unrivaled Multiple Listing Service provided by the Prescott Area Association of Realtors (PAAR) reveals that, last year, homes in this area spent just 11 days on the market. That is half the time it took homes to sell in 2020. Not only is home inventory flying off the shelves, the median price buyers … [Read more...] about Will the New Year Deliver Another Hot Real Estate Market?
