Quad City Home Prices Show Strength - News and Weather For The Quad Cities -

Quad City Home Prices Show Strength

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The Eastern Iowa market continues to see steady and strong growth in home appreciation costs, according to Ruhl and Ruhl Realtors.

According to a news release, in the Quad City region, home prices have increased 1.67 percent over the past year. The data was compiled by the Federal Housing Finance Agency for the 3rd quarter of 2013.

Nationally, home prices have increased .15 percent over the past five years. Ruhl and Ruhl says the Quad Cities market saw an increase of 3.93 percent; Des Moines down .50 percent; Chicago down 15.17 percent; Cedar Rapids up 1.33 percent; Iowa City, up 5.32 percent and Dubuque up 9.71 percent.

In the past year, local prices did not appreciate as much as prices in many other markets, but Ruhl and Ruhl says that's because local home prices also didn't fall as drastically as in other areas of the country. According to the Federal Housing Finance Agency, of the 287 MSAs (Metropolitan Statistical Areas) ranked by home price appreciation, all Ruhl and Ruhl markets in eastern Iowa ranked in the top 68 percent in the nation and the Quad Cities at 170th.

The full government report is available at www.fhfa.gov <http://www.fhfa.gov>.

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