Davenport weathers real estate storm
Agents say first-time buyers boost market
By Glenn Roberts Jr., Friday, August 14, 2009.
Flick image by Bright Meadow.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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