Quad Cities Real Estate Rebounds - News and Weather For The Quad Cities -

Quad Cities Real Estate Rebounds

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The housing market is as strong as it's ever been in the Quad Cities. That according to local realtors.

It's a perfect storm of circumstances that are bringing people back to home buying. And that's making a lot of people very happy homeowners.

"We're actually very short on inventory right now, so if you're selling a house, it's the best time to sell." says realtor Tracy Smyser.

It's a simple case of supply and demand. The less of a product there is available, the more valuable it becomes.

But there is a ceiling when it comes to price in real estate.

Realtor Paul Ebeling says "a well presented property that is well priced moves very quickly in this market.

Ebeling went onto say that if a house hasn't been sold in 60 days, it probably isn't priced right. The power really goes to the buyer.

"It's definitely a good time to buy a house. Interest rates are low. For the first time buyer we have several different programs that give them ability to get into a house for almost zero down."

According to the realtors, you can expect these good times to stick around for awhile. They think the overall confidence is up in buyers and the incentives to buy have never been better.

"Interest rates continue to be low and maybe people are more confident about their jobs."

Realtors KWQC talked to say condo sales are also up. They say many sellers are looking to downsize into more manageable properties.

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