Iowa
Eastern Iowa sees cost of homes increase by over ten percent
Iowa City, Iowa (KCRG) -The annual Iowa City Parade of Homes is underway.
People can tour 19 homes that showcase new and remodeled homes.
A study by the Federal Housing Finance Agency shows the prices of homes in Iowa City are on the rise.
Data shows homes prices are up 11% in the past year, and up 33% in the past 5 years.
One local realtor Adam Pretorius with Lepic-Kroeger says the steeper prices are having an impact on young homeowners.
He said “So and that and that is a big problem going forward we’re seeing a lot of of generational gap differences we saw a lot of millennials buying homes for for a few years and then that’s really falling off the cliff.”
The next day for the Parade of Homes is Tuesday June 13th from 5:30-8:30 P.M.
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