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HOMETOWN REALTY
Norma Haack, Broker
Greg Haack, Associate Broker

Spencer, IA 51301
Phone: 712-262-5222
Email: norma@spencerhometown.com
Licensed in IOWA

Kelly Bierl, Realtor
Spencer, IA 51301
Phone: 712-260-5711
Email: kelly@spencerhometown.com
Licensed in IOWA

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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

REALTORS® Expect Home Prices to Increase by 4% in the Next 12 Months

In a monthly survey of REALTORS®, respondents are asked “In the neighborhood(s) or area(s) where you make the most sales, what are your expectations for residential property prices over the next year?

Among the respondents, the median expected price change is four percent. The chart below shows median expected price change by state based on survey responses collected during February–April 2018[1], according to the  April 2018 REALTORS® Confidence Index Survey

Respondents from the states of Washington, Oregon, Idaho, Nevada, California, Utah, Wyoming, Colorado, and Wisconsin expect the highest price growth in the next 12 months, with the expected median price growth at more than five to nearly eight percent.

Owing to tight lack of construction, house prices have increased steeply since 2012 compared to the growth in income. Nationally, the median price of U.S. existing homes sold was 68 percent higher than the level in January 2012, the year the housing market started to recover solidly.  Meanwhile, wages have increased only 15 percent since then.

Based on the FHFA House Price Index at the state level, the strongest price growths from 2012 through 2017 were in the West region such as Nevada (102 percent), California (85 percent), Arizona (76 percent), Oregon (74 percent), Idaho (70 percent), Washington (68 percent), Colorado (68 percent), Utah (65 percent). Home prices have also increased steeply in Florida (73 percent), Michigan (71 percent), and Texas (47 percent).

Use the data visualization below to view median listing prices in April 2018. Red areas are areas where prices are higher than the U.S. median home price growth. Hover on the map to view the historical median listing prices of properties listed on Realtor.com from June 2012 through April 2018.[2]

MedianPrice_DB3

[1] Because each month’s survey asks about the outlook in the next months, the responses collected from January-March 2018 covers the outlook for January 2018-March 2019.

[2] Realtor.com data is freely available and can be download from https://www.realtor.com/research

Older Boomers: Most Satisfied Buyers Purchasing Forever Homes

Older Boomers, buyers aged 63 to 71 years, made up 14 percent of all home buyers in 2017. The median age for this group was 66 years old and they were born between 1946 and 1954. Within this group, they had the second largest share of single female buyers at 22 percent. Their primary reasons for purchasing a home, more than other generations, were the desire to live closer to friends and family (25 percent), followed by retirement (15 percent).

Combined, Older Boomers owned the highest share of investment (nine percent) and vacation (seven percent) properties. Equal to the Silent Generation, Older Boomers were the most likely to purchase homes in a small town (27 percent) and in a rural area (11 percent).

Compared to other buyers, they moved the greatest distances at a median of 30 miles. Older Boomers were the least likely to purchase homes for the quality of school districts or convenience to schools. Rather, they purchased homes for the quality of the neighborhood and for convenience to friends and family. This age group found commuting costs as well as windows, doors, and siding installation equally important. Overall, Older Boomers were very likely not to make compromises on the home when they purchased (47 percent), citing that they were never moving and it was their forever home (27 percent).

In their home search process, Older Boomers were very likely to drive by homes and neighborhoods and they were the least likely to find the paperwork a difficult step. Older Boomers were the most satisfied with the home buying process at 93 percent.

Older Boomers’ income was below the median income of all buyers ($88,800) at just $80,700 and they purchased homes at a median price of $239,200. Older Boomers were the most likely to use the proceeds from the sale of a primary residence as the source of their downpayment (56 percent) and from an IRA account (five percent). They were the largest group of home buyers to save for a downpayment for more than two years (30 percent).

Older Boomers were the third largest share of home sellers at 22 percent in 2017. The median age for an Older Boomer seller was 67 years. They had the second lowest median income at $80,700. They were the most likely to sell to be closer to friends and family (28 percent) and for retirement (19 percent), and at a median distance of 39 miles from the home they recently purchased. They were also very likely to sell when they wanted to (94 percent). They receive the highest equity at 46 percent and second highest dollar value at $86,000.

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Testimonials

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
Thank you Greg & Kelly so much for all of your time and energy you put into helping me find my perfect home! I really appreciate the nights, weekends, and most importantly the honesty. -Amanda E.
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