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Housing

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VIDEO: Project515 panelists discuss today’s housing market

 

Interest rates for 30-year home mortgages are at a 20-year high. The median sale price of a home in the Greater Des Moines area continues to hover above $250,000. New home construction has slowed. …

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$19.9M awarded to build homes for more than 90 Iowa families

Gov. Kim Reynolds announced today that $19.9 million has been awarded to 16 organizations through the Iowa HOME Grant Program. According to a news release, the funding will support more than 90 families through the …

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Nonprofit group eyes converting WDM hotel into apartments for women taking part in jail diversion program

A nonprofit has an agreement to purchase West Des Moines hotel property that would be converted into supportive housing for women taking part in a jail diversion program, the organization’s executive director told the Business…
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Des Moines-area residential construction continues to cool

New home construction in Greater Des Moines continued slowing down in October, with one-third fewer residential building permits issued than in October 2021, a review of communities’ building permit data shows.

Specifically, 253 residential building …

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$35 million, 174-unit apartment project underway in Waukee

Site work is underway in Waukee on West Light, a 174-unit apartment project on a nearly 8-acre parcel located north of Hickman Road and east of Northeast Alice’s Road. Caliber Iowa LLC is the project’s …

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Des Moines area sees slowdown in new home construction

In the first nine months of 2022, 2,692 permits for new home construction have been issued in the Des Moines area, 16% fewer than were issued during the same period in 2021, a review of …

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NOTABLE TRANSACTIONS: Downtown Des Moines apartment building sold for $18.6 million

A Denver, Colo.-based real estate investment group has purchased a midrise apartment complex at 660 E. Fifth St. in Des Moines, Polk County estate records show.

Entities managed by VareCo paid $18.65 million for the property, which …

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237-unit apartment complex planned in West Des Moines

The site plan for a development that includes the construction of a 237-unit complex on a 12.3-acre parcel at South 81st Street and Booneville Road was approved this week by West Des Moines’ Planning and …

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Senior housing development proposed next to Southridge Mall

An out-of-state development group is proposing to build a 90-unit low-income senior housing facility on 4.4 acres at 1111 E. Army Post Road. Architectural rendering by Berardi+Partners Inc.

 

An Indiana-based development group is proposing to construct …

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Report: Des Moines area experiencing decline in home sales

  The number of homes sold in the Des Moines area slipped to 1,302 in September, an 11% decline from both August 2022 and September 2021, the Des Moines Area Association of Realtors’ monthly report…