Thursday, September 06, 2007

Cedar Rapids market is still HOT!!!!!!!!!!

Many people have been publishing that the Real Estate market is in the dumps nationwide! In Cedar Rapids Iowa we are still seeing fantastic sales, in fact my real estate office was up 10% in sales volume for August 2007 compared to August of 2006. We see an abundance of listings in our market, but it is the same adage that the properties that are priced right and in good condition are selling quickly.



I have been in Real Estate for 26 years and have gone through the slow times of the early 80's with interest rates in the 17% range. Today buyers can take advantage of 6% fixed rate for 30 years and put a minimal amount down to obtain the loan. We are within 1/2 -3/4% of the lowest rates in the past 50 years.



IT IS AN EXCELLENT TIME TO BUY IN CEDAR RAPIDS IOWA

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