Spring housing outlook seems bright - KWWL - Eastern Iowa Breaking News, Weather, Closings

Spring housing outlook seems bright

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CEDAR RAPIDS (KWWL) -- Even without tax credit incentives for first-time home buyers and repeat home buyers, home sales in Iowa are still increasing.

January sales jumped 7.5% from this same time last year.  But the numbers aren't quite what they were at the end of last year, which showed a 9.3% increase from the same time last year.

Traditionally, when the snow melts and spring inches closer, the housing market forecast improves along with the weather.

But what is the outlook homeowners and sellers are dealing with, without that $8,000 credit?Matt and Tara Behmer love dreaming up plans for the home they just purchased.  They're upgrading with hopes to expand their family.

Tara says, "We have one kid now and we hope to have another one at least in the future."

Real estate business partners Brooke Zrudsky and Barry Frink of Skogman Realty say the spring outlook is bright for buyers like the Behmers who were looking to move out of their first home into something more spacious.

Frink says, "Second-time home buyers are benefiting greatly from the tax credit that was going on. Interest rates are so extremely low right now, its just been very beneficial for them to move forward on a bigger and better home as well."

And the outlook is brighter for sellers too, but make sure your home looks as good in the pictures as it does in person.

"Usually now the people are calling with a list of homes that they want to see that they have already previewed online somewhere," says Frink.

Even though the Behmers landed in their dream home, the process didn't happen overnight. This family says be patient, and expect some bumps along the way.

Tara says, "We were hoping to find something in a few months and it took 7 or 8 and took months and now its taken 3 months to get into the house so it definitely doesn't come right away always, but you just have to be patient."

Online Reporter: Molly Nichols

 

 

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