Quad City Home Prices Hold Steady - News and Weather For The Quad Cities -

Quad City Home Prices Hold Steady

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Home prices in the Quad Cities have increased 1.1 percent during the past year according to figures from the Federal Housing Finance Agency.

In a news release by Ruhl & Ruhl Real Estate Company, Quad City (Davenport -Moline-Rock Island ) home prices have also risen 2.89 percent in the last five years. Home prices in the Des Moines market were up for the year, but overall, down .87 percent over the last five years. In Cedar Rapids prices are up only .69 percent over five years, while prices in Iowa City were up 5.27 percent and 6.78 percent in Dubuque during the same period.

 Chicago home prices were down over 17 percent while nationally, home prices have increased 4.18 percent.

Ruhl & Ruhl says home prices in the Quad Cities region did not appreciate as much as in other markets but prices also did not drastically fall like in many other areas of the country. Ruhl & Ruhl says there continues to be a shortage of listings in the Quad Cities region, which may impact home prices locally.

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

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