Ruhl&Ruhl Realtors Celebrates Best Year Ever!

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January 28, 2019

NEWS RELEASE                                                               January 28, 2019

Contacts: Chris Beason, President
Office: 563-441-5032
Cell Phone: 563-340-2763
ChrisBeason@RuhlHomes.com

Contacts: Caroline Ruhl, CEO
Office Telephone: 563-441-5001
Cell Phone: 563-508-9066
CarolineRuhl@RuhlHomes.com

Attachments: 2018 Regional Real Estate Activity Chart; Photos of our top award winners, and
company leadership, can be accessed at: Top Award Winner Photos. 

 

Ruhl&Ruhl Realtors Celebrates Best Year Ever!


Ruhl&Ruhl Realtors celebrated a strong 2018, with company sales volume of $917,973,157,
making 2018 their best year ever. In addition, Ruhl Mortgage closed $124,917,165 in loan
volume and NAI Ruhl Commercial Company closed $127,548,404 in sales volume.

Chris Beason, President, and Caroline Ruhl, CEO, honored 234 award winners for their 2018
achievements at Rhythm City Casino on January 25, 2019. Over 300 agents, staff and affiliated
business partners cheered on their co-workers.

“We are absolutely blessed to work with the best team in the industry. Our amazing team of
knowledgeable, caring, and committed professionals is what sets our company apart. Before
we get into the awards and recognizing all that you’ve done, I would first like to thank you for
who you are - and share our appreciation for the value you all bring to our team. You all inspire
us lead from a place of passion and we appreciate the commitment you make every day - to
better yourself, your business, and one another. It is an honor to call you all family and we are
grateful for your love and support.” Beason told his team.

Top awards were awarded to:

Top Excellence in Service Award: Wendi Ingram, Muscatine Office

Top Associate of the Year: Kurt Johnson, Bettendorf Office

Top Team of the Year: The Robinson Team, Davenport Office

Extraordinary Production Award: Gary Williams, Moline Office

New Associate of the Year: Amanda Hodge, Moline Office

Top Associate of the Year – Farm & Land: Bob Hilbert, DeWitt Office

Top Ruhl Mortgage Associate of the Year: Heather Faris, Bettendorf Office

Top Nelson Brothers Associate of the Year: The Robinson Team, Davenport Office

Employee of the Year: Jessi Hentges, Office Administrator, Dubuque Office

Top Community Involvement of the Year: Joe Ward, Corporate Office

There is a complete list of all award winners on Ruhl&Ruhl Realtors’ website at
www.RuhlHomes.com/News.

Ruhl&Ruhl Realtors 2018 Results

Ruhl shared with her team the company’s results in 2018:
1. Number of Properties Sold – Ruhl&Ruhl Realtors sold 5,429 properties in 2018, as
either listing agent or selling agent. This was 2% more transactions than 2017.

2. Residential Sales Volume – Ruhl’s sales volume in 2018 was $917,973,157, up 3.7%
from 2017’s sales volume.

3. Revenue – Revenue in a real estate company is primarily gross commission income
(GCI). Ruhl’s 2018 GCI was $27,235,889 or 4.0% up from 2017 revenue.

4. New Listings Taken – Ruhl&Ruhl Realtors listed 3,127 properties for sale in 2018.
1.8% more than 2017.

5. Nationally Ranked Per Agent Productivity –On average our agents closed 16.7
transactions in 2018. This is more than double the national average for per agent
productivity.

6. Great Agents and Staff – We ended 2018 with 325 residential agents. In addition, 65
employees work for Ruhl&Ruhl Realtors.

7. Ruhl Mortgage – Ruhl Mortgage closed $124,917,165 in loan volume, which was
generated by 727 loans. 93.55% were purchase loans and 6.45% were refinanced. Ruhl
Mortgage employs 24 staff members.

8. Commercial Sales Volume – NAI Ruhl Commercial Company, a joint venture with
Ruhl&Ruhl Realtors, sold $127,548,404 in commercial real estate in 2018. They have 18
commercial agents and 15 staff members. NAI Ruhl Property Management manages
just under 1.8 million square feet of space.
 

Regional Real Estate Forecast for 2019

1. Buyer Confidence and a Strong Economy Will Drive the Market. Low
unemployment, high consumer confidence, and an increasing desire for homeownership
will continue to fuel our region’s home sales.

The national media’s doom and gloom reports of falling home sales and prices do not
apply here. We do not have the affordability problems of coastal markets and big metro
areas. And our regional economy is booming.

2. Appreciation and Price Increases Will Continue. In our region, homes appreciated
from 2.0% - 4.72% last year, depending on the market and price range of the homes.
Less expensive homes will continue to appreciate more due to strong demand and lower
inventory.

3. Mortgage Rates Trending Upwards. Mortgage rates in mid-January are at their lowest
levels since last April. Economists agree that rates will rise, but are divided on just how
much the increase will be. On average, they forecast 5.03% by the end of the year, with
a few outliers at 5.5%.

As of January 24, 2019 mortgage rates with no points were:

15-year Conventional Fixed...........4.00%
30-year Conventional Fixed...........4.50%
FHA/VA 30-year Fixed...................4.50%
5/1 ARM (adjustable rate mortgage).........4.00%

The higher a buyer’s credit score, the lower the mortgage rate they are eligible for.

4. More Inventory Available for Buyers. Our months of inventory is up in most markets
and price ranges. The inventory increase will continue to be skewed toward the mid to
high end of the markets, i.e. homes prices at $250,000 and higher.

We expect buyers to have more homes to choose from this year. There continues to be
a supply and demand disconnect. More buyers for homes under $250,000, but more
homes available over $300,000. 

A family-owned company since 1862, Ruhl&Ruhl Realtors has grown to 325 sales
associates, 65 employees and eleven offices, selling more than 5,400 homes in eastern
Iowa, western Illinois and southwest Wisconsin. The company has residential sales
offices in Bettendorf, Burlington, Cedar Rapids, Clinton, Davenport, DeWitt, Dubuque,
Iowa City, Maquoketa, Muscatine, Iowa; and Galena and Moline, Illinois. In addition to
residential sales, the company offers services in relocation, property management, real
estate investments, new home sales, land development, farm and land sales, senior
services, home vendor services, insurance services through the Nelson Brothers
Agency, mortgage services through Ruhl Mortgage, and commercial services through
NAI Ruhl Commercial Company. For more information on Ruhl&Ruhl Realtors, visit their
website at www.RuhlHomes.com.

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