2014 Iowa Housing Market

2014 Iowa Housing Market

The 2014 Iowa housing market remains one of the few real estate markets which safely stabilized over the past thirty months or so. Of course, this housing market still has yet to experience the peaks from its days inside the housing bubble (which we can certainly argue is a good thing). The figures derive from pricing for both single-family units and condos. As mentioned before, perhaps that’s good news when all is said and done. The key to any … [Read more...]

2013 Iowa Housing Market

The big real estate news in Iowa in 2013 is largely commercial- and farm-related. Forbes Magazine recently named Des Moines one of a handful of emerging downtowns, thanks to the city’s efforts to revitalize its commercial core. The distinction is focusing national attention on the city’s Principal Riverwalk, public art, and attempts to increase housing. The Business Record published an article in March (“Commercial real estate: Steady as … [Read more...]

2012 Iowa Housing Market

While most of the U.S. deals with the fallout of the financial crisis and the real estate collapse, Iowa is experiencing some of the most prosperous times in history as farming drives the state to its best run in decades. Farm profits are spiking in the midst of the worst U.S. economy since at least the Great Depression. The sale of grains, corn and soy beans are bringing farmers record profits as demand exceeds supply for international … [Read more...]

Home Values Rising in Hard Hit Markets

By Mike Colpitts A tighter inventory of homes listed on the market for sale are sending home values rising in some of the most unlikely U.S. housing markets, according to real estate research firm CoreLogic. Three states which cities have experienced some of the steepest deflation in home values in the nation are witnessing appreciation. Hard hit Florida, Michigan and Arizona are seeing a boost in average home values. Led by long suffering … [Read more...]

Economists Forecast Sharp Real Estate Rebound

By Mike Colpitts A group of leading U.S. economists forecast broad improvements in the nation's economy, real estate capital markets and the housing market through 2014. The projection was issued after the Urban Land Institute surveyed economists for its new real estate consensus forecast. The survey of 38 economists across the country, found that 2012 may mark the beginning of a turnaround in the housing market. Single family home starts, … [Read more...]

Feds Reach Mortgage Deal with 49 States

By Mike Colpitts The U.S. government and 49 states attorneys general have reached a landmark $25-billion agreement over the robo-signing scandal with the country's largest five banks. The unprecedented deal closes a chapter in the nation’s foreclosure crisis, which has cost millions of homeowners their homes. The agreement offers financial relief to some homeowners caught in the crisis, but provides only minimal relief to others. The deal … [Read more...]

Housing Market Bottoms Hit as Home Values Escalate

By Mike Colpitts Following years of hard times, declining home values and a record volume of foreclosures, the housing market is finally hitting the bottom in at least some U.S. cities, and it can’t come soon enough for plenty of others. North Dakota, South Dakota and parts of Texas are booming with oil and natural gas exploration driving many home prices higher. A delayed recovery, however, will be in effect for much of the nation as the … [Read more...]

Big 55 U S Housing Markets in Recovery

Chill the bubbly. More U.S. cities are forecast to inflate in home values in 2012 than in the past five years as communities in fifteen states move towards more stable housing markets with increasing home sales and higher values. These 55 cities are from states all over the nation and they have the ingredients to experience better times in the New Year. The most common denominator among these communities is more job opportunities than … [Read more...]

Mortgage Rates Jump for New Year’s

By Mike Colpitts Mortgage rates, already at their record all-time lows jumped slightly higher in time for New Year's this week as lenders became weary about growing problems in international financial markets, according to Freddie Mac. The rate of a 30-year fixed rate loan rose to 3.95% from a record low 3.91% last week. The 15-year fixed rate mortgage also moved up slightly to 3.24% from 3.21% a week ago. The 5-year Treasury indexed … [Read more...]

Homeownership Drops by Largest Amount Since Great Depression

By Jeanne Roberts It’s probably no surprise that the number of individuals owning homes has experienced its biggest drop since the Great Depression, an epoch usually defined as the decade between 1929 and 1939. The figures are from the U.S. Census Bureau, and show that the rate of homeownership fell to 65.1% in April 2010, or 1.1% lower than it was a decade earlier. This is compared to ownership levels of around 70% in 2005, which means a … [Read more...]