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Housing

950 Jordan Creek Pkwy WDM Ruth Chris

Here’s the outlook for multifamily construction in 2023

A wave of new multifamily construction projects – sparked by low vacancy rates and high interest rates for home mortgages – is expected to get under way in the coming months, adding more than 1,200 …

Heart of America Group E 6 and Des Moines

186-unit apartment project planned in area ripe for redevelopment

A proposal to build a seven-story apartment project in an area east of Des Moines’ East Village district is prompting city officials to consider creating incentives to help spur redevelopment of the area.

On Thursday, …

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Here’s how many $1 million-plus homes sold in DM area in 2022

Eighty-three residential sales exceeded the $1 million mark in 2022, with 20 of the sales occurring in West Des Moines, information compiled by Iowa Realty brokers Rick and Marcia Wanamaker shows.

A record-setting 86 $1 …

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West Des Moines one of top places to rent new apartment

West Des Moines is ranked among the top 50 cities in the United States for finding a new apartment, a report by RentCafe.com found. The report ranked West Des Moines as the 40th-best city to …

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Kimberley Development launches new affordable line of housing

Bill Kimberley, founder and president of Ankeny-based Kimberley Development Corp., has launched Progressive Builders, a line of affordably priced single-family houses and townhomes that will be built in Central Iowa communities. Progressive Builders joins Kimberley’s other services …

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Des Moines-area home sales continue to lag behind 2021

Nearly 10% fewer homes were sold in the Des Moines area between January and November than during the same period in 2021, according to data from the Des Moines Area Association of Realtors.

However, the …

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Downtown Des Moines apartment complex sold for $24.8 million

The Vue apartment complex, located north of Crocker Street along Ninth and Eighth streets, has been sold to an out-of-state investor. The photo above shows the dog park and building at 915 Ninth St. Photo provided …

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Project515 panelists discuss today’s residential sector

Interest rates for home mortgages are double what they were a year ago, pushing some potential homebuyers out of the market. Rates for new apartments and other rental projects are also on the rise, causing …

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$10.5 million apartment project planned in Sherman Hill neighborhood

A Coralville developer is proposing the construction of a 47-unit apartment building at 610 16th St. in Des Moines. Materials on the building’s exterior would include brick, metal panels and thermally broken aluminum glazing. Architectural rendering …

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Project515 panelists discuss today’s residential real estate sector

Interest rates for home mortgages are inching upward, pushing some potential homebuyers out of the market. Rates for new apartment and other rental projects are also on the rise, causing monthly rental rates to increase.…