We’ve gone over 30 days without an increase in sale pendings. What It Means Every year, the real estate market activity builds in the spring and by sometime around mid year, homebuyers begin to slow down their search. This is normally due to school years ending and summer vacations beginning. This year, it was almost […] It is simply a lack of supply and here is why it’s different. The History Back in the early 2000’s, mortgage options were plentiful. Too plentiful as it turned out. Banks were offering easy access to money prior to the mortgage crisis of 2007. The result was three-fold. Risky individuals with low credit scores were […] Editors Note: This was not the original title of this months report, however, it just seems to fit. Taking Care of Business I was all ready to write an article this month describing the challenges of local mortgage lenders trying to keep up with the record sales of central Iowa homes. I had it in […] Looking back at the month of March makes me realize how happy I am that April arrives with some of the best weather and spring on full display. March Madness is an accurate description of the real estate market this year. Especially if you are an active homebuyer searching for that perfect home to buy. […] If I were to describe the Des Moines real estate market as a running engine, the gas pedal would be all the way to the floor and the needle on the fuel gauge would be just above empty. It All About Supply & Demand Realtor.com recently reported that nationally, the number of homes for sale […] As the last days of the 2020 Des Moines real estate market come to pass, there are many national reports forecasting what will happen in 2021. If 2020 taught us anything, it is that predictions are not as easy as they used to be. In this issue, I’m looking at national forecasts and applying them […] Last month I dusted off my crystal ball and made some year end predictions. Specifically, where we would end the year with homes for sale, homes in sale pending status and total sales for the year. Since this last article, 2020 closed sales surpassed 2019 year-end numbers (as predicted) and we are indeed on our […] Des Moines October Market Monthly Interactive Review Before I get into some year end predictions, click the image below to access the interactive October market report. Ten Months Down – Two Months to Go I’m going out on a limb this month. With just days before the Presidential election and the likely weeks of controversy […] What Will Real Estate Look Like After Covid-19? A year ago, at this time, the Des Moines real estate market was in its final push of business before the holiday and end of year slowdown. We were on a track that would result in just over 14,000 closed sales, a count just lower than 2018. […] Just when we think we’ve hit bottom for listing inventory, another week passes by with even fewer homes for sale In 1959, a new television show premiered on CBS called The Twilight Zone. The title of the first episode was “Where is Everybody?” After the famous opening, the narrator begins “The place is here, the […]
Category Archives: Market Statistics
Central Iowa Real Estate Market Has Peaked!
It’s Not A Real Estate Bubble
What A Freaking Stupid Real Estate Market
Central Iowa March “Real Estate” Madness
The High’s and Low’s of Des Moines Real Estate
Des Moines 2021 Housing Forecast
Where Des Moines Record Home Sales Are Coming From
Fire Up The Crystal Ball
The Covid Effect on The Des Moines Real Estate Market
The Place Is Here, The Time is Now, For Des Moines Real Estate
