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HOMETOWN REALTY
Spencer, IA 51301

Norma Haack, Broker
Phone:712-260-4463
Licensed in IOWA
Email: norma@spencerhometown.com
 
Greg Haack, Associate Broker
Phone: 712-260-9124
Licensed in IOWA

Kelly Bierl, Realtor
Phone: 712-260-5711
Licensed in IOWA
Email: kelly@spencerhometown.com

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Welcome to Hometown Realty, where there is no place like home!

Did you know...

  • That there are programs for the first time home buyers.
  • That interest rate is at a historic low.
  • That we are full time Realtors.
  • That we offer FREE MARKET ANALYSIS & use comparable sold listings to determine the value of your home.
  • That you can use Quick Search or Map Search to browse up-to-date database list of all available properties in the area.

Call your Hometown Real Estate Professional today @ 712-262-5222

Real Estate News!!!

Latest Realty News from NAR

Second Quarter Single Family Metro Market Prices

The National Association of REALTORS® quarterly home prices increased again this quarter. Prices continue to drift up this quarter with 90% of the markets showing home price appreciation. We can also look at the top metro areas whose price grew the fastest. Housing affordability is down and for first time buyers qualifying incomes are rising along with the down payment on a new home. Knowing the mortgage rates and the qualifying incomes will help potential homeowners figure out what metro areas are affordable for them. Here is a look at the metro areas with the strongest price growth of the second quarter 2018, as well as a look at the yearly change in median existing single-family home prices for the top five highest and lowest growth metro areas of the second quarter 2018.

These are the top five single-family metro areas with the highest home price appreciation:

These are the bottom five single-family metro areas that had a decline in home price appreciation:

These are the most expensive metro areas for the second quarter 2018:

These are the least expensive metro areas for the second quarter 2018:

Improving Housing Supply Conditions

NAR identifies metro areas with the highest deficit in home construction,, as well as those areas where the housing supply appears to be sufficient to meet the demands of home buyers. The Monthly Housing Shortage Tracker is an index, which compares how many permits are issued relative to the number of new jobs. The higher the index the greater the housing shortage since it shows that more jobs have been created relative to the number of new homes constructed. Based on the historical average, two permits are issued for every new job. However, the highest value for the index in August was 14.8 in the New York metro area. This means that for every 15 new jobs a single-family unit is permitted. In contrast, a single-family unit is permitted for every new job in the Houston metro area.

The “usual suspects” are at the top of the list. It is noteworthy that, among the top ten metro areas with the most severe housing shortage, seven are located in California.

Dashboard 5

The visualization below allows you to see how many permits are issued for every new job for 178 metro areas. Click on a metro area on the map and see the number of permits issued and new jobs created in the last three years.

HST-blog

Comparison to a Year Earlier

Compared to a year earlier, the index dropped in more than 70 percent of metro areas including areas with serious housing supply issues. A lower index means that more single-family permits are issued per new job than a year earlier. However, more single-family permits does not necessarily result in a lower index value. For instance, single-family permit issuance increased in Salinas, CA from 738 units (Jun/2014-Jun/2017) to 802 units (Jun/2015-Jun/2018). Nevertheless, the index increased because job creation was stronger than the issuance of single-family permits.

The average index[1] dropped from 4.0 to 3.5 in August 2018. For instance, New York had the highest value for the index in August 2018 at 14.8. However, the index was even higher at 17.0 a year earlier. Thus, while a single-family permit was issued for every 17 new jobs in 2017, a single-family permit has been issued for every 15 new jobs in 2018. Currently, a single-family permit is issued for every 13 new jobs in the San Jose metro area in 2018 compared to 15 new jobs in 2017.

The visualization below shows whether housing supply conditions are improving or not. In the blue areas the index dropped (improving housing supply conditions) while in the orange areas the index increased (tighter housing supply) compared to last year.

Dashboard 1

 


[1]The average was calculated based on the indices of these 178 metro areas.

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Testimonials

We had an excellent experience with Norma Haack, and would highly recommend her! We had the difficult task of managing a home sale from out of town, but Norma put a lot of time and energy into making it easy for us. She has a wealth of knowledge of local resources and found creative solutions to some potential problems. She was very friendly and easy to reach. Truly, her work was above and beyond our expectations! Matt, Ann, and Erin
Kelly was wonderful! She put in so much time and effort and made sure we were informed and comfortable! I can't thank her enough for the countless hours, nights, weekends and responding to our late night emails, thanks for being so wonderful in helping us find our dream home! -Lianne H.
Kelly Bierl was very helpful. She found me exactly what I wanted by listening to me telling her what I wanted. She fought for my needs and she was quick to contact me with any changes in my purchase. -bungeeshawn
My wife and I would highly recommend Kelly to anyone needing a profession realtor. Kelly is very personable, easy to talk to and was always available, returning our texts or calls in a very timely manner. If an answer was not readily available she went out of her way to find it. She knew how to find pertinent information on comparable values, taxes, flood zones etc. We felt she represented us and always had our best interest in mind. We are empty nesters and were looking for smaller, zero entry one level homes with little or no maintenance, she found us what we were looking for and did not waste our time with properties that did not meet most of our criteria. We could not be happier with our home selection or in working with Kelly and her team, made the whole process stress-less, and fun. -mmlm1953
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