Housing Market Showing Signs Of Strength - News and Weather For The Quad Cities -

Housing Market Showing Signs Of Strength

Updated:
  • Most Popular StoriesMost Popular StoriesMore>>

  • Rollover Crash Near Sherrard High School

    Rollover Crash Near Sherrard High School

    Thursday, August 21 2014 3:19 PM EDT2014-08-21 19:19:44 GMT
    Three people were taken to the hospital after a rollover accident near Sherrard Jr./Senior High School. According to the Rock Island County Sheriff's Office, a 16-year-old female driver, a 45-year-old female driver and a male juvenile passenger were taken for treatment of what are considered to be non life-threatening injuries.More >>
    Three people were taken to the hospital after a rollover accident near Sherrard Jr./Senior High School. According to the Rock Island County Sheriff's Office, a 16-year-old female driver, a 45-year-old female driver and a male juvenile passenger were taken for treatment of what are considered to be non life-threatening injuries.More >>
  • Meaning Of Ice Bucket Challenge

    Meaning Of Ice Bucket Challenge

    Tuesday, August 19 2014 7:23 PM EDT2014-08-19 23:23:59 GMT
    Nikki and Craig Leonard both lost their fathers to ALS, also known as Lou Gehrig's Disease. Their family is grateful for the viral Ice Bucket Challenge. They see it as a great way of raising awareness of a disease that is often overlooked.More >>
    Nikki and Craig Leonard both lost their fathers to ALS, also known as Lou Gehrig's Disease. Their family is grateful for the viral Ice Bucket Challenge. They see it as a great way of raising awareness of a disease that is often overlooked.More >>
  • IL DOT: "Very Concerned" About Centennial Bridge Schedule

    IL DOT: "Very Concerned" About Centennial Bridge Schedule

    Wednesday, August 20 2014 4:08 PM EDT2014-08-20 20:08:30 GMT
     The Illinois Department of Transportation has released an update on Centennial Bridge construction and some unexpected problems have arisen.More >>
     The Illinois Department of Transportation has released an update on Centennial Bridge construction and some unexpected problems have arisen.More >>

There is more encouraging news about the housing market and the overall economy, including in the Quad City area.

A report released Thursday shows sales of existing homes rose in February to the highest level in more than three years. The National Association of Realtors says sales increased .08 of a percent in February from January. That was the highest sales pace since November, 2009, when a temporary home-buyer tax credit had boosted sales. The February sales pace was also 10 percent higher than the same time last year. Steady hiring and near-record-low mortgage rates have helped boost sales and prices in most markets.

Illinois realtors are also sharing good news on existing home sales. They say February sales are up over 16 percent from a year ago and prices are up by more than 5 percent statewide. They are especially encouraged because typically, January and February are slower months in the real estate market.

Iowa realtors released their figures last week and show home prices were up substantially, but sales dipped slightly. Overall, sales across the state dropped 2.9 percent in February compared to the year before while the median sale price jumped almost 13 percent. Officials say the drop in sales could be due to inventory levels.

In fact in the Quad Cities, realtors have reported there is a shortage of homes on the market and that's resulting in multiple offers on the homes that are for sale. Quad City area inventory is said to be at the lowest level since 2001.

Powered by WorldNow

805 Brady Street, Davenport, IA 52803

Telephone: 563.383.7000
Fax: 563.383.7131
Email: news@kwqc.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Davenport, Inc. A Media General Company.