2021 was a year unlike any other. Some businesses did well after being closed during the early days of the pandemic. Others, like the restaurant and service industries continue to struggle to find workers. Families resumed normal activities such as recreational sports, vacations and family get togethers. Air travel resumed and, in my case, conventions […] We are well into the last two months of 2021 and by all accounts, it’s been a year to remember. The Central Iowa real estate market is predicted to sell 18,000 homes this year. At the height of the home buying season this past May, only 1,600 homes were for sale. To give perspective, one […] For much of 2021, the general theme of my writings has been how high or low different segments of the Central Iowa real estate market have performed. This month I am dusting off my crystal ball to help determine where 2021 will end up and what the future looks like for 2022. #1 Prediction: The […] Central Iowa Home Sales Are Beginning To Make A Turn There’s no doubt that 2020 will be seen as the odd year out due to Covid-19. So many things happened last year. The massive buyer demand appeared in March and cautious homeowners that would normally be preparing to put their homes on the market pulled […] The Real Estate Market Doesn’t Necessarily Have to Follow the Seasons of Nature It’s true that real estate every year tends to mimic the four seasons of nature. In the spring, there is an awakening of homebuyers that occurs followed by early summer and increased buying and selling activity. Then as summer begins to end, […] Introducing WHAT is the current value of my home? WHAT are homes selling for in my neighborhood? WHAT are the housing trends for my zip code? Over the past 30 years, I’ve helped countless homeowners and homebuyers and the biggest part of my job was to determine the current market value of homes. I have […] And When Will We See It Again? This past month, I have had the opportunity to speak with several fellow Realtors face to face. That simple act is a sign that we are returning to a state of normalcy. Broker tours are happening, open houses of resale properties are increasing, and July is the month […] 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 […]
Category Archives: Market Statistics
Surviving 2021 Des Moines Real Estate
The Effects of an Extreme Seller’s Market
Six Year End Predictions for Des Moines Real Estate
3 Quarters Down – 1 To Go
Have 2021 Homebuyers and Sellers Missed the Boat?
I Know WHAT You Want To Know
What Is A Normal Real Estate Market?
Central Iowa Real Estate Market Has Peaked!
It’s Not A Real Estate Bubble
What A Freaking Stupid Real Estate Market
