Waterloo-Cedar Falls housing market is one to watch - KWWL - Eastern Iowa Breaking News, Weather, Closings

Waterloo-Cedar Falls housing market is one to watch

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WATERLOO (KWWL) -

The Waterloo-Cedar Falls area is making some national headlines when it comes to its real estate market. Inman News publishes a survey to pinpoint the ten markets across the country that will most likely appreciate and turn around in 2012. The Waterloo-Cedar Falls area is number nine on the list.

The criteria these communities have to meet to make the list include having the average home price being similar or less than the national average, low unemployment, and a low foreclosure rate.

Kathy Albert, the President of the Waterloo-Cedar Falls Board of Realtors, says the Cedar Valley has been sheltered from the poor housing market that has hit other parts of the country.

"Our market is so different with our low unemployment rate. We do have great interest rates that make it fantastic for buyers and sellers out there in the market," said Albert.

With this list showing up on national TV and in a national publication, local real estate experts say that the notoriety can only help the future real estate in the Cedar Valley.

At a five percent unemployment rate, a low foreclosure rate, and median sales price around $118,000, realtors say those numbers mean big things for those looking for a new place to live.

"Hopefully people will say 'hey this is a great place to live', the schools are great, and possibly anybody that's thinking about a job change here rather than somewhere else will think about coming here," said Albert.

Des Moines also made the list coming in at number four behind Raleigh, North Carolina; Wichita, Kansas; and Rochester, New York.

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