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Q4 2015: Des Moines Metro Market Snapshot

By Kalen | Published January 18, 2016

Sales of existing homes picked up the pace in 2015, returning Iowa to levels not seen since prior to the recession. It was a historic year with regards to the 8,795 total single-family and 1,456 new construction homes sold in the Des Moines-metro area. Activity is picking up as the housing recovery attracts more buyers in the 18 communities I track on behalf of Peoples Company throughout Greater Des Moines. At the same time, choices are still limited by a lack of available inventory within some buyers’ budgets. As of December 31, there were 2,043 active listings of single-family homes in the Des Moines-metro area, or 301 fewer than the previous year. The inventory of new construction homes increased slightly, as of December […]

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Q3 2015: Des Moines Metro Market Snapshot

By Kalen | Published October 15, 2015

Central Iowa has something for everyone, thanks to job growth and the relatively low cost to get into an existing or new construction single-family home. In this – my Q3 2015 edition of the Des Moines Metro Market Snapshot – I’m presenting ten  “Fast Facts” on inventories, price points, hot spots, homebuilders and more. 10 Fast Facts on the NEW CONSTRUCTION MARKET in Des Moines 1. The total inventory of single family units in the 18 Central Iowa communities I track fell by 320 – to 2,496 houses – compared with the year-earlier period. 2. Des Moines-area homebuilders showed no signs of slowing and they were ahead of schedule in the third quarter with 1,746 building permits pulled – as […]

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Q2 2015: Des Moines Metro Market Snapshot

By Kalen | Published July 23, 2015

The Des Moines Metro Market Snapshot is a quarterly report featuring inventories of new construction and existing single-family homes in the 18 communities I track for Peoples Company. My reports cover the residential housing data and statistics presented during Peoples Company’s Annual Builder & Developer Luncheon, and provide updates on the Des Moines-area market throughout the year. The mercury is rising in Greater Des Moines, named as a Top 10 Hot Housing Market by the National Association of Realtors, amid increased levels of pending sales, homes SOLD and room for new construction throughout the region. Sellers are terrifically positioned to take advantage of this HEAT WAVE, fueled over the spring by low inventories – and contributing to higher average sales […]

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Q1 2015: Des Moines Metro Market Snapshot

By Kalen | Published March 20, 2015

The Des Moines Metro Market Snapshot is a quarterly report featuring inventories of new construction and existing single-family homes in the 18 communities I track for Peoples Company. My reports cover the residential housing data and statistics presented during Peoples Company’s Annual Builder & Developer Luncheon, and provide updates on the Des Moines-area market throughout the year. The 2015 Builder & Developer Luncheon, presented by Peoples Company and Diligent Development, walked us through the prior year and provided a look to what’s ahead in for the Des Moines area housing community. My annual presentation is focused on comparing statistics, sharing information and leading a discussion about trends throughout the residential real estate and the new construction home market in Central […]

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8th Annual Builder and Developer Luncheon

By admin | Published February 27, 2015

Here are slides from the 8th Annual Builder and Developer Luncheon! Also for further details on Single Family Market Stats please see my Q1 2015 Stats and watch for my blog to come out shortly on these numbers. Click here for Q1 Stats Click here for 8th Annual Builder and Developer Luncheon Slides

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Q4 2014: Des Moines Metro Housing Snapshot

By Kalen | Published January 21, 2015

The Des Moines Metro Market Snapshot is a quarterly report featuring inventories of new construction and existing single-family homes in the 18 communities I track for Peoples Company. My reports cover the residential housing data and statistics presented during Peoples Company’s Annual Builder & Developer Luncheon, and provide updates on the Des Moines-area market throughout the year. The number of town homes sold in the Des Moines-metro area last year shot up by an impressive 108, compared with 2013, as total sales of single-family homes decreased by 1 percent. Interestingly, inventories of single-family homes remain very low in the Des Moines market after decreasing steadily for several years. There were only 2,342 of these properties on the market heading in […]

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The Importance of Interest Rates for Home Buyers and Sellers

By Kalen | Published October 27, 2014

Interest rates are always an important topic to my buyers and sellers. Today is an amazing time to lock into an interest rate, as rates are again at historically low levels. In 2014, we have seen rates slightly rise to around 4.25 percent, and then recently keep dropping again to very low levels. A 30-year fixed rate starts at 3.75 percent, and a 15-year rate starts at 2.875 percent. Talking to a local lender, Bryan Rowland at State Savings Bank, he mentioned that the recent fear of a weakening global economy as well as the Ebola and ISIS scares has more people moving more money into U.S. Treasury market. Increasing demand for U.S. Treasuries decreases mortgage interest rates. Most would not […]

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Q3 2014: Des Moines Metro Housing Snapshot

By Kalen | Published October 10, 2014

The Des Moines Metro Market Snapshot is a quarterly report featuring inventories of new construction and existing single-family homes in the 18 communities I track for Peoples Company. My reports cover the residential housing data and statistics presented during Peoples Company’s Annual Builder & Developer Luncheon, and provide updates on the Des Moines-area market throughout the year. Sales of single-family homes slowed a bit in August and September following a robust spring and early summer as buyers and sellers focused their attention on end-of-summer vacations, back to school preparations and seasonal pastimes such as the Iowa State Fair. Sales of existing homes have been more attractive for some buyers this year as the average new construction sale price has continued […]

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Kalen Ludwig
Cell: 515.402.3169
Kalen@PeoplesCompany.com

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Office: 515.222.1347
12119 Stratford Drive, Suite B
Clive, IA 50325

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