Brad Hames

Common wisdom would dictate that there is not that much in common between New York and Iowa, but in the case of the emerging value of real estate in these two locations, common wisdom would be wrong. In New York, according to leading analysts Brown Harris Stevens and Halstead, overall value of city apartments has increased 5% since 2009, making the median price of an upscale New York apartment to be about $840,000.

Back in Iowa, such local brokers as Bradley Hames are seeing even better upward trends, with Iowa farmland now valued at about $5,064 per acre as of November 1st, up about 16 percent over last year.