January 30, 2018
Contacts: Chris Beason, President
Office: 563-441-5032
Cell Phone: 563-340-2763
ChrisBeason@RuhlHomes.com
Contact: Jeff Hefel, Manager
Office Telephone: 563-583-4550
JeffHefel@RuhlHomes.com
Ruhl&Ruhl Realtors celebrated a strong 2017, with company sales volume of $885,559,275, making 2017 their best year ever. In addition, Ruhl Mortgage closed $126,438,295 in loan volume. “We are blessed to have you as part of our Ruhl&Ruhl family. It takes a great team working together to provide our clients their best real estate experiences ever! Thank you for your caring and professional service.” Ruhl told her team.
Chris Beason, President, and Caroline Ruhl, CEO, honored 223 award winners for their 2017 achievements at the Waterfront Convention Center on January 26, 2018. Over 300 agents, staff and affiliated business partners cheered on their co-workers. Top awards were awarded to:
Dubuque Office Award Winners
Top Office awards in the Dubuque Office were presented to:
Ruhl&Ruhl Realtors 2017 Results
Ruhl shared with her team the company’s results in 2017:
Regional Forecast for 2018
Ruhl told her team she expects the improving economy and corresponding job growth and buyer confidence to fuel sales in 2018. We expect home values to continue to appreciate. “Last year homes appreciated from 2% - 4.7% in our region, depending on your market.”
We know mortgage rates will trend upward in 2018. Experts expect rates to be around 4.5% at year end with some predicting 5%.
As of January 29, 2018 mortgage rates with no points were:
15-year Conventional Fixed...........3.700%
30-year Conventional Fixed...........4.200%
FHA/VA 30-year Fixed...................4.000%
5/1 ARM.........................................3.875%
The projected increase falls well below the perceived threshold of approximately 6%, at which potential buyers may exit the market. “Of course, I remember when the threshold was 12% and we still sold a lot of houses,” Ruhl commented.
A family-owned company since 1862, Ruhl&Ruhl Realtors has grown to 331 sales associates, 53 employees and eleven offices, selling more than 5,300 homes in eastern Iowa, western Illinois and southwest Wisconsin. The company has residential sales offices in Bettendorf, Burlington, Cedar Rapids, Clinton, Davenport, DeWitt, Dubuque, Iowa City, Maquoketa, Muscatine, Iowa; and Galena and Moline, Illinois. In addition to residential sales, the company offers services in relocation, property management, real estate investments, new home sales, land development, farm and land sales, senior services, home vendor services, insurance services through the Nelson Brothers Agency, mortgage services through Ruhl Mortgage, and commercial services through NAI Ruhl Commercial Company. For more information on Ruhl&Ruhl Realtors, visit their websites at www.RuhlHomes.com and www.RuhlLand.com.
###