Waterloo, Iowa, Area Expects Another Year of Robust Residential Sales - 2004-01-10
A combination of low interest rates and a healthy local economy energized yet another strong year of residential sales, according to two real estate professionals.
With long-term mortgage rates under 6 percent, many took advantage of the opportunity to purchase a new home. Gale Bonsall, owner of Trapp Realtors-GMAC Real Estate, said the market was fueled by multiple types of buyers, which is typical of a hot market.
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