Foreclosed homes in quad cities5/12/2023 ![]() Realtors Tammy Williams and Ronnie Pianca show off new and older homes for sale as they drive around the Quad Cities. That's not the case in the Quad Cities, where, despite the economic downturn, the combined 6.4 percent unemployment rate is below the national average of 9.4 percent. These days, about half of the homes sold in the country are foreclosed or distressed properties. She attributes the jump in part to pent-up demand after six months of inactivity. But Realtor Caroline Ruhl says during March and April, her company sold nearly a third more homes than it did a year ago. Like many other parts of the country, the Quad Cities region has weathered some tough patches in the housing market. They hug the state line at the Mississippi River. The Quad Cities is somewhat of a misnomer: It's actually five main cities that make up the region - Davenport and Bettendorf in Iowa and Rock Island, Moline and East Moline in Illinois. One of those spots is the Quad Cities region of Illinois and Iowa. The latest figures show pending home sales are on the rise, and some real estate bright spots are popping up as the prices of homes for sale rebound. They decided to buy a home before their wedding next May to take advantage of an $8,000 tax credit for first-time homebuyers.įor months, the news about the country's housing market has been gloomy. Tim Sampiller and Stephanie Goetz hold the inspection report for their new three-bedroom house.
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