THE LOCAL MARKET

The Dubuque Board of Realtors has reported that home sales for the first quarter are up very slightly from last year. They also report that home prices have seen a modest increase during that same period. What the report does not reference however is the number of properties that are currently on the market. We have been very fortunate here in Dubuque that the local market has not eroded as the markets in many other areas have. One of the big problems, as I see it, is financing. As a result of predatory lending practices across the country some buyers are having a tough time qualifying for financing. Let me make it clear that to our knowledge there were no predatory lending practices in our local market. We are blessed with numerous first class lenders. They, however, are feeling he brunt of some of the lending practices that took place in other parts of the country. All in all we are in pretty good shape for the shape we are in. As soon as our economy and world economies settle down and smooth out we should experience improved market conditions.