January 23rd, 2020
Several area REALTOR® Members of the Greater Mason City Board of REALTORS® attended a recent meeting "The State of North Iowa - 2020" held by Vision North Iowa.
Tyler Kerr, Board Chair - Mason City Chamber of Commerce
Debi Durham, Director - Iowa Economic Developement Authority &
Iowa Finance Authority
Joe Murphy, Facilitator & Executive Director - Iowa Business Council
Mayor Nelson Crabb - City of Clear Lake
Mayor Bill Schickel - City of Mason City
Tim Latham, Chairman - Cerro Gordo County Board of Supervisors
Chad Schreck, President & CEO - North Iowa Corridor Economic Development Corp.
Vision North Iowa's Strategic Plan:
North Iowa is full of rich assets and distinct opportunities. The Vision North Iowa partnership set out to create a strategic plan centered around the most promising opportunities for the region, identifying four goals that have the potential to set the stage for success.
1. Building a Regional Community
2. People, Place, & Prosperity
3. Innovation & Entrepreneurship
4. Business Development & Marketing
Here are some of the statics shared at the meeting:
"It's great to see our local REALTORS® attend meetings discussing the growth & economic development taking place in our area" stated Amber Scholl, Executive Officer of the Greater Mason City Board of REALTORS®.
"Our economy is strong, and so is our local real estate market." Scholl reports that Mason City single family home sales rose 5.3% when comparing year-end sales totals 2018 vs 2019 sales reported by the Mason City Multiple Listing Service. First time home buyers represent a portion of this increase. People moving into the Mason City area for work need a place to live. This creates a strong seller's market by allowing current homeowners to receive a healthy return on their investment when selling their homes.
Scholl states "When the economy is strong and the unemployment rate is down, we see an increase in overall home sales. Perhaps more renters are becoming first time home buyers. Low interest rates, and the availability of assistance programs for first time home buyers are also likely to be key factors influencing the increase in sales."
For additional questions about Vision North Iowa, please contact the North Iowa Corridor (641) 423-0315 or firstname.lastname@example.org
CLICK HERE to visit Vision North Iowa's website.
Questions about local housing statistics can be directed to the Greater Mason City Board of REALTORS® & Mason City Multiple Listing Service.