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Big Drop in Iowa Home Sales
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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
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Big Drop in Iowa Home Sales
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
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Big Drop in Iowa Home Sales

November 19, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums fell by over 25 percent in Iowa during September according to the latest housing data from the Iowa Association of Realtors® (IAR), and for the first time in over year, sales failed to beat the previous year’s tally.

An estimated total of 2,671 existing single-family homes and condos were sold in the Hawkeye State in September. That was 25.8 percent lower than the 3,602 homes sold in August and 11.2 percent lower than the 3,007 homes sold in September 2011. It was the first time in 15 months that year-over-year homes sales have declined.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. However, on a daily basis, homes sales were still 14.1 percent lower than last month.

Despite the drop in home sales in September, through the first nine months of this year, sales are still 11.6 percent ahead of last year’s pace.

The median sales price for an existing home in Iowa fell by 1.8 percent in September to $127,000, down from $129,700 in August, but was still 5.8 percent higher than the median price of $120,000 in September of last year.

Dale Gross, president of the Iowa Association of Realtors®, stated, “Prior to this, sales had been up for many months in a row. Although September sales dipped some, overall 2012 year-to-date sales are still up by 11.6 percent. We’ll have to wait until October numbers are in to see if September was just a small bump in the road or the beginning of a slowing of the market.”

Of the 44 local boards that provide data for the monthly report, sixteen of the boards reported gains in home sales. Year-over-year, twenty-three of the local boards posted an increase in their median prices.

The total number of homes for sale across the state fell slightly again in September with 20,982 homes actively available, down slightly from 21,332 in August, and down from 24,464 homes available last year.

The average number of days that a home spent on the market was 92, down from 96 days in August and down from 100 days in September 2011.

Tags: Iowa real estate, existing homes, condos, sales, median home prices

Source:
IAR

INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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BUYING OR SELLING A HOME IS A BIG DECISION
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HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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November 19, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums fell by over 25 percent in Iowa during September according to the latest housing data from the Iowa Association of Realtors® (IAR), and for the first time in over year, sales failed to beat the previous year’s tally.

An estimated total of 2,671 existing single-family homes and condos were sold in the Hawkeye State in September. That was 25.8 percent lower than the 3,602 homes sold in August and 11.2 percent lower than the 3,007 homes sold in September 2011. It was the first time in 15 months that year-over-year homes sales have declined.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. However, on a daily basis, homes sales were still 14.1 percent lower than last month.

Despite the drop in home sales in September, through the first nine months of this year, sales are still 11.6 percent ahead of last year’s pace.

The median sales price for an existing home in Iowa fell by 1.8 percent in September to $127,000, down from $129,700 in August, but was still 5.8 percent higher than the median price of $120,000 in September of last year.

Dale Gross, president of the Iowa Association of Realtors®, stated, “Prior to this, sales had been up for many months in a row. Although September sales dipped some, overall 2012 year-to-date sales are still up by 11.6 percent. We’ll have to wait until October numbers are in to see if September was just a small bump in the road or the beginning of a slowing of the market.”

Of the 44 local boards that provide data for the monthly report, sixteen of the boards reported gains in home sales. Year-over-year, twenty-three of the local boards posted an increase in their median prices.

The total number of homes for sale across the state fell slightly again in September with 20,982 homes actively available, down slightly from 21,332 in August, and down from 24,464 homes available last year.

The average number of days that a home spent on the market was 92, down from 96 days in August and down from 100 days in September 2011.

Tags: Iowa real estate, existing homes, condos, sales, median home prices

Source:
IAR

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

November 19, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums fell by over 25 percent in Iowa during September according to the latest housing data from the Iowa Association of Realtors® (IAR), and for the first time in over year, sales failed to beat the previous year’s tally.

An estimated total of 2,671 existing single-family homes and condos were sold in the Hawkeye State in September. That was 25.8 percent lower than the 3,602 homes sold in August and 11.2 percent lower than the 3,007 homes sold in September 2011. It was the first time in 15 months that year-over-year homes sales have declined.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. However, on a daily basis, homes sales were still 14.1 percent lower than last month.

Despite the drop in home sales in September, through the first nine months of this year, sales are still 11.6 percent ahead of last year’s pace.

The median sales price for an existing home in Iowa fell by 1.8 percent in September to $127,000, down from $129,700 in August, but was still 5.8 percent higher than the median price of $120,000 in September of last year.

Dale Gross, president of the Iowa Association of Realtors®, stated, “Prior to this, sales had been up for many months in a row. Although September sales dipped some, overall 2012 year-to-date sales are still up by 11.6 percent. We’ll have to wait until October numbers are in to see if September was just a small bump in the road or the beginning of a slowing of the market.”

Of the 44 local boards that provide data for the monthly report, sixteen of the boards reported gains in home sales. Year-over-year, twenty-three of the local boards posted an increase in their median prices.

The total number of homes for sale across the state fell slightly again in September with 20,982 homes actively available, down slightly from 21,332 in August, and down from 24,464 homes available last year.

The average number of days that a home spent on the market was 92, down from 96 days in August and down from 100 days in September 2011.

Tags: Iowa real estate, existing homes, condos, sales, median home prices

Source:
IAR

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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