Midwestern housing sales remain strong - KWWL - Eastern Iowa Breaking News, Weather, Closings

Midwestern housing sales remain strong

WATERLOO (KWWL) -- Home sales in the Midwest have defied a national trend according to housing experts. While some numbers around the country fell, the National Association of Realtors say Midwest home sales remain strong during the month of May.

New numbers show 130,000 homes sold in the 11 state region that makes up the Midwest

Local realtor, Amy Wienands says that May is usually slow.

"With the first time buyer tax credit we had a tremendous amount of activity. March and April there is a lot of activity. In May it's kind of dropped off but that is kind of typical for May," said Wienands.

Wienands also says the changes in financing have made things more interesting when purchasing a home.

"It's the one area of impact... Financing we're juggling and navigating through some different financing obstacles then we had to before but all in all I think it's been very good. Our markets are pretty blessed and we're fortunate to live in the community we live in because real-estate values have been sheltered," Wienands said.

The Associated Press-RE/MAX Monthly Housing Report released Tuesday, show home sales increasing in all but one of 12 major Midwestern cities. Fargo, N. D., led the region with a 66 percent sales jump. Detroit reported the only sales decrease, a 15 percent drop.

Online Reporter: John Wilmer

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