Archives: February 2016

Low Inventory Causes Home Prices to Accelerate

The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price report earlier this month. The report revealed that home prices are not only continuing to rise but that the increases are accelerating. Lawrence Yun, Chief Economist at NAR, discussed the impact of low inventory on buyers in the report: “Without a significant […]

Mortgage Rates Again at Historic Lows

Just two weeks ago, we posted an article discussing where mortgage interest rates may be heading over the next twelve months. We quoted projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. Each predicted that rates would begin to rise slowly and steadily throughout 2016. However, shaky economic […]

Home Inventory Below 3,000

BREAKING NEWS Des Moines home inventory levels below 3,000 – First time in over 10 years! The Des Moines real estate market is ramping up quickly in 2016.  Homes are selling at the same pace as late March 2015 putting business 30 days ahead of schedule this year. The only problem? Home inventory levels are […]

Are the Kids Finally Moving Out?

During the recession, many young adults graduating from college were forced to move back in with their parents. This caused new household formations to drop dramatically from the long term average of 1.2 million formations annually to half that number. However, this may be the year this turns back around. According to the Urban Land […]

January Real Estate Community Update

This report is posted by the 15th of each month for the previous months transaction activity. Entire MLS Adel – Altoona – Ankeny – Bondurant Carlisle – Clive – Cumming – Des Moines Grimes – Indianola – Johnston – Norwalk Pleasant Hill – Polk City – Urbandale – Waukee West Des Moines – Windsor Heights