Realty Times video: ‘Hot Market: Cedar Rapids Prices Grow and Grow’ April 26, 2008
Posted by John in Business.Tags: Cedar Rapids (Iowa), real estate, Priority One, Business and Economy, home prices
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Flash video report at Realty Times Web site.
And from ‘All Headline News’:
Des Moines, IA (AHN) - One of the exceptions to the declining value of home prices across the U.S. is Cedar Rapids in Iowa, where median home values grew almost 13 percent the past four years and logged a 4.4 percent hike in 2007.
The Chamber of Commerce of Cedar Rapids attributed the continuing rise in home values in the region to its diverse economy deliberately put in place under a plan called Priority One. …
Hmm, that doesn’t seem to match up with 2007 year-end data from the Iowa Association of Realtors, where 2007 Cedar Rapids median price appears to be 7 percent lower than 2006 median price. Am I missing something here? End of 2006 vs. end of 2007 perhaps?
Board: 2007 2006 % Change
Cedar Rapids $129,500 $138,650 -7.0% …
You might also be interested in the Upcoming Sheriff Foreclosure Sales posted at this Linn County, Iowa, Sheriff’s page.
I bet someone forgot a few rules in Statistics!
You should obtain both sets of data and post it.
Rule 1: Figures can lie
Rule 2: Liars can figure
Want to know how real estate is doing? Ask for the last two years tax filings for those who do real estate full time. I would bet Cedar rapids is tanking like every other place that has funky home mortgages financed on credit cards and crazy balloon payments coming due with no options to get out from under the falling housing market. Remember, Countrywide had an office right here in “River City” and that spelled disaster in most communities.