Real Estate Prices Jump

Sold Sign

[lin_video src=http://eplayer.clipsyndicate.com/embed/player.js?aspect_ratio=16x9&auto_next=1&auto_start=0&div_id=videoplayer-1372290256&height=360&page_count=5&pf_id=9620&show_title=1&va_id=4118574&width=640&windows=2 service=syndicaster width=640 height=360 div_id=videoplayer-1372290256 type=script]

NORTHWOOD, IA – Home prices have risen significantly from around this time last year. And local real estate agents are seeing quite the housing boom in our area as well.

According to a national survey, U.S. home prices jumped a little over 12% in April compared to a year ago.

Many think this points to a strong broad-based housing recovery brought on by strong demand and limited supply of available homes.

One local real estate agent says his business has been non-stop over the past few weeks.

Worth Realty Owner, Dan Low said, “Last summer out market was really fairly soft all year, but I think our economy has improved a lot and renters that have been renting are finding that interest rates are really attractive and rather than renting, I think they’re looking to buy a house and actually the market this summer is just fantastic I think.”

Dan also says homes are selling very quickly, so it’s best to make sure to pre-qualify for a loan so you know exactly what you have to borrow.

blog comments powered by Disqus