Houses for Sale Cedar Rapids IA
Prices for houses for sale Cedar Rapids IA and the state rose almost 2 percent in July 2016 and homes sold were down 9 percent when compared to July 2015.
According to the Housing Trends Report by Iowa Association of REALTORS®, the median sale price for July 2016 is $152,500 as compared to $150,000 in July of last year.
“In many areas of Iowa the market favors sellers in terms of inventory; however, buyers still experience very low mortgage rates. Combine that with the fact that historically, Iowa home prices neither rise nor fall dramatically and you have a win-win for both parties on a home sale and purchase.” stated IAR President Ken Clark.
Houses for sale Cedar Rapids IA have staged a solid rebound in prices and sales this year, but the real estate market faces potential challenges as fewer properties are being listed for sale. Sales listings have slumped 5.8 percent from a year ago to 2.13 million. The shortage means that many buyers are paying higher prices and scrambling to make offers sooner, restricting just how high sales can recover from the depths of the housing bust that triggered the Great Recession almost nine years ago.
Some suspect that inventory remains low because many are still recovering equity lost by the housing downturn. Without sufficient equity in their current homes, many of these owners would be unable to generate a down payment for another home with the proceeds from a sale.
While demand for home ownership remains strong and prices have rebounded almost back to 2007-2008 highs, this housing market is getting long in the tooth. In some places in the U.S. demand for luxury Condos has fallen, and prices for property have dropped.
Have you been waiting for the right time to downsize? Maybe now is the time to make a move as prices have certainly gone up a lot since the bottom in 2011. Over the next eight and a half years 80 million boomers will retire. Many will want to move to warmer weather and smaller quarters. Holding out for the last dollar could leave you putting off your plans for a different life.
Are you a young family looking to buy your first house? A slowing or flattening economy is great news for the potential homebuyer. Now you need to make sure your quiver is fully loaded with the arrow of pre-qualification, an expert real estate broker, an arrow for right neighborhood for your family, and the most important arrow, the down payment.
Are you financially strapped and holding out for prices to rise further so you can get out from under water? You are not alone. Nationwide 15% to 20% of homeowners are underwater and almost a third of homeowners couldn’t sell and have enough money left to buy another house after expenses and real estate commissions. If you think you will want to sell fast, you can either get your house ready to sell by doing the little things that improve curb appeal or call us, we buy houses as-is for cash.
Harmony Property Solutions, LLC is here to help homeowners out of any kind of distressed situation. As investors, we are in business to make a modest profit on any deal, however we can help homeowners out of just about any situation, no matter what! There are no fees, upfront costs, commissions, or anything else. Just the simple honest truth about your home and how we can help you sell it fast to resolve any situation.
Harmony Property Solutions, LLC is part of a nationwide group of thousands of investors who are helping tens of thousands of homeowners every year. We may not be the “traditional” route, but we CAN help and we can do it quickly!
Give us a call today at 319-343-6773 to let us know what YOU need help with!