Industry NewsMarkets & Economy

Davenport weathers real estate storm

Agents say first-time buyers boost market
Published on Aug 14, 2009

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by CareyBot

Davenport, Iowa, may not jump to mind as a nation-leading real estate market.

And the area's real estate professionals, too, seem a bit shocked and cautious about a nearly 31 percent jump in the area's median resale home price from second-quarter 2008 to second-quarter 2009, reported by the National Association of Realtors trade group this week.

"This is not headlines. It's just plain business as usual," said Lucky Lang, a top-producing Realtor for Mel Foster Co. Inc. in Davenport.

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