Archive for the ‘Market Conditions’ Category

Owning now costs less than renting in many markets

Friday, December 9th, 2011

From the Wall Street Journal….

“Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number of cities.

The Wall Street Journal’s third-quarter survey of housing-market conditions in 28 of the nation’s largest metropolitan areas found that…monthly mortgage payments on the median priced home—including taxes and insurance—are lower than the average rent levels in 12 metro areas.”

Read the entire article

Will Ames become the Next Silicon Valley?

Thursday, December 1st, 2011

Ames has attracted many high tech companies and start-ups over the last few years, many of which are located in the Iowa State University Research Park. Businesses from around the U.S., and even overseas, have relocated to Story County within the last few years.

The dramatic growth drew the governor and lieutenant governor to speak at the Ames Economic Development Commission celebration this week. And Ames has been touted by numerous magazines lately as one of the best places to do business, get a job, retire, or raise kids, etc. In August, Ames was labeled one of the geekiest cities in the U.S. by Forbes.

Now Business Insider Magazine is including Ames and Story County, Iowa on their list of 20 U.S. markets with the potential to become the next Silicon Valley. Certainly, as more high-tech jobs are established, the more the area becomes attractive to companies in need of a similar workforce base.

http://www.businessinsider.com/here-are-20-american-cities-and-counties-that-could-be-the-next-silicon-valley-2011-10#ixzz1bu0DUl3U

Post by Tabitha Zesch, Relocation Director

Crazy Real Estate Abbreviations

Wednesday, November 16th, 2011

Have you noticed any of these abbreviations in real estate ads in our market? Have you seen any others that left you wondering exactly what they meant?

REO:
S/S, Subject to bank approval:
Pre-approved short sale:
BOM, often accompanied by “No fault of the house:”
OO/NOO:
FTH/FTB:
HUD:

Click here to see a list of 14 post-recession real estate abbreviations and their definitions.

Hunziker November Newsletter

Friday, November 4th, 2011

In This Issue:

Help your Community, Food Banks in Need

Fall Back and Smoke Alarms

IFA First Home Plus $3,500 Credit

5 Holiday Hosting Disasters to Avoid

Market Numbers

Hunziker November Newsletter

Can You Buy a House Online?

Monday, October 17th, 2011

We have had the experience at Hunziker & Associates, Realtors®, of helping a customer purchase a home based entirely on what they saw over the internet. The purchase agreement was completed from a distance by fax. Even though this scenario is rare, it will soon be possible to purchase a home using an e-signature on forms that can be emailed to the buyer and seller.

The Iowa Association of Realtors® just instituted a new feature that will make preparing forms and collecting signatures electronically possible for subscribing Realtor® members. Although it will soon be easier to buy a house online, certainly most customers will still continue to view the home in person before signing the purchase agreement, regardless of if they do so using a pen or an iPad.

Post by Tabitha Zesch, Relocation Director

How do you know when to reduce the price?

Friday, October 14th, 2011

Ask your Realtor® for an update on the market. It is important to keep up-to-date on developments in your neighborhood and to adjust your pricing accordingly.

http://www.cartoonstock.com/newscartoons/cartoonists/efi/lowres/efin1099l.jpg

80% of Homeowners Plan to Buy Again

Friday, October 7th, 2011

This recent survey shows the value most Americans place on owning a home.

Source: http://bit.ly/n3dqYP

Relocation Due to Job Changes Increasing

Thursday, September 29th, 2011

We speak with newcomers to Central Iowa on a regular basis, and relocating for a job is one of the primary reasons people relocate here. As we have stressed many times in the past, real estate markets are local and individual regions do not always mirror national trends. However, troubled real estate markets elsewhere in the country have affected Central Iowa as fewer employees have been relocating nationally, and those who do have often been restricted in their ability to purchase a new home here due to difficulty selling in their previous location.

The Worldwide Employee Relocation Council® just released their 2010 member survey, which shows that relocation volume is picking back up again after being lower than average following the recession. Companies surveyed reported the volume of employees they relocated between 2009-2010 increased 15%. Respondents also anticipated they would transfer approximately 10% more employees in 2011 than last year. This increased has already been demonstrated by the American Moving & Storage Association, which  reported corporate relocations have increased 13% in the 1st half of 2011 compared to the same period last year.

Post by: Tabitha Zesch, Relocation Director

385 New Jobs Announced for Ames since 2010

Thursday, August 25th, 2011

The Ames Economic Development Commission has announced many expansions and new companies moving to Ames since November 2010. Most have been high tech firms creating quality jobs with excellent wages and benefits. Here is a brief summary of the new jobs that will be coming to Ames.

WebFilings 250 new jobs

HIPRA 75 new jobs

Flint Hills Resources 20 new jobs

Boehringer Ingelheim 20 new jobs

Rural Soluxions 20 new jobs

This is good news for the Ames economy and especially positive for the housing market as home values tend to increase when there is a healthy job market locally.

News from the Ames Economic Development Commission.

Post by Tabitha Zesch, Relocation Director

South Duff Commercial Resurgence

Monday, August 8th, 2011

From the Ames Business Monthly…

“The South Duff Avenue commercial corridor looks much different than it once did, especially since major flooding took place there in August 2010.

Gone are several familiar landmarks and other businesses that date back, in some instances, more than half a century. In their place are a variety of service and dining establishments, with more to come in the near future, according to local sources…”

Read the complete article