Ruhl&Ruhl Realtors Celebrates 2021 - Best Year Ever

Ruhl&Ruhl Realtors Celebrates 2021 - Best Year Ever
Ruhl&Ruhl Realtors celebrated 2021 at their annual awards event on January 28th. Chris Beason, President, and Caroline Ruhl, CEO, honored 218 award winners for their 2021 achievements.  Over 300 agents, staff and affiliated business partners cheered on their co-workers during the celebration.

“Eight years ago, Caroline set the goal to hit $1 Billion in sales volume. Achieving this goal is an incredible milestone and certainly something we can be very proud of accomplishing. But the significance behind the number is even more important.

You guide clients through some of the most significant decisions they will ever make. And the work you are doing behind the numbers is what matters most - the level of care that was given to each and every customer, and the value you all delivered throughout those 5,833 transactions.

Our passion for positively impacting the lives of others and going above and beyond to serve our clients has been a key differentiator of our company for years, and I believe it will continue to take us to new heights in the years to come. ” Beason told his team.
Top awards were awarded to:
Top Excellence in Service Award: TJ Duncan, Burlington Office
Top Associate of the Year: Kurt Johnson, Bettendorf Office
Top Team of the Year: The Healey Group, Dubuque Office
New Associate of the Year: Sandy Jo Huizenga, Clinton Office
Top Associate of the Year – Farm & Land: Dennis Stolk, Davenport Office
Top Ruhl Mortgage Associate of the Year: Ray McDevitt, Bettendorf Office
Top Nelson Brothers Associate of the Year: Peg Hopkins, Bettendorf Office
Top Community Involvement of the Year: The Eckhardt Team, Davenport Office
Top Referral Staff Member: Kim Foderberg, Property Management, Corporate Office
Employees of the Year: Theresa DeVine, Accounting, Corporate Office
There is a complete list of all award winners on Ruhl&Ruhl Realtors’ website at

Ruhl&Ruhl Realtors 2021 Results
Ruhl shared with her team the company’s results in 2021:
  1. Residential Sales Volume: Ruhl&Ruhl Realtors sales volume in 2021 was $1,186,078,506, up 24.7% from 2020.
  2. Number of Properties Sold: Ruhl&Ruhl Realtors sold 5,833 properties in 2021, as either listing agent or selling agent. This was 12.1% more transactions than in 2020.
  3. Revenue: Revenue in a real estate company is primarily gross commission income (GCI). Ruhl&Ruhl Realtors 2021 GCI was $34,369,196 up 23.8% over 2020 GCI.
  4. New Listings Taken: Ruhl&Ruhl Realtors listed 2,872 properties for sale in 2021.
  5. Nationally Ranked Per Agent Productivity: On average our agents closed 18.2 transactions in 2021, which is up from 16.7 transactions per agent in 2020. This is more than double the national average for per agent productivity.
  6. Great Agents and Staff: Ruhl&Ruhl ended 2021 with 320 residential agents. In addition, 63 employees work for the company.
  7. Ruhl Mortgage: Ruhl Mortgage closed $280,310,999 in loan volume, which was generated by 1,294 loans. 65% were purchase loans and 35% were refinances. Ruhl Mortgage employs 24 staff members, including 6 loan officers and in-house underwriting and processing.
  8. Insurance Referrals Sold: Ruhl&Ruhl agents referred clients resulting in 543 policies being sold by the Nelson Brothers Agency, Ruhl&Ruhl Realtors’ affiliated insurance company has 18 sales agents and 19 staff members.
  9. Commercial Sales Volume: NAI Ruhl Commercial Company, a joint venture with Ruhl&Ruhl Realtors, sold $135.7 million in commercial real estate in 2021. They have 13 commercial agents and 14 staff members. NAI Ruhl Property Management manages 1.820 million square feet of space.
Regional Real Estate Forecast for 2022
  1. Appreciation and price increases will continue
In our region, homes appreciated from 9.04% to 12.83% last year, depending on the market and price range of the homes. Over the past 5 years homes in our markets have appreciated 20.50%-26.59%. Economists predict that homes will appreciate from 2%-7% in 2022, depending on the location and price range of the home.

  1. Mortgage Rates will Increase
Projections from experts all forecast 30 year fixed rates will increase gradually in 2022. With mortgage rates increasing and the price of homes also going up, that means a buyer’s monthly payment will continue to increase into the foreseeable future. The sooner a buyer purchases a property, the more home they will be able to afford and the lower their monthly payment will be.
As of January 21st, rates with no points were still great:
  • 15 year Conventional Fixed 2.625%
  • 30 year Conventional Fixed 3.375%
  • FHA/VA 30 year Fixed 3.375%
Since rates have remained under 5% for the last decade, borrowers may not fully realize the opportunity they have now. Here are the average interest rates over the last few decades:
  • 1970’s - 8.86%
  • 1980’s - 12.70%
  • 1990’s - 8.12%
  • 2000’s - 6.29%
It’s still a great time to buy or refinance to lock in some of the lowest rates in history.
  1. Best Time Ever to Sell a Home.
Homes have appreciated and created a lot of equity for sellers. And the number of properties on the market is at an all time low.
For sellers, this means:
  • Less competition from other properties for sale
  • More buyers + fewer properties for sale = higher prices for sellers
  1. Inventory will grow.
There is considerable pent up seller demand to sell their properties and make a move. Sellers have been waiting patiently for Covid to subside and for life to normalize so they can move to their next stage of life and housing.

We expect many sellers to move forward in the coming months and take advantage of their increased equity and low mortgage interest rates if they plan to purchase a new property.
A family-owned company since 1862, Ruhl&Ruhl Realtors has grown to 320 sales associates, 63 employees and eleven offices, selling more than 5,200 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, 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